thank you very much for your time. >> you bet. >> let's find out more about tim cook, the man who will take over the apple empire. he joined apple in 1998 after working for ibm and compaq computer. he was then named chief operating officer seven years later. cook had stepped in to run day-to-day operations during medical leaves taken by jobs beginning in 2004 when the former ceo was recovering from cancer surgery. now before today's announcement, he was responsible for worldwide sales and operations in all markets and was also head of the mcintosh computer division. stay with nbc bay area news for continuing coverage of this major story on line and on air. we will have every breaking news detail and of course we'll be live at apple headquarters throughout this evening and tomorrow morning. >>> so we move on now. an attempted robbery of an armored truck ends in gunfire. one suspect was killed, and an officer and security guard injured during the incident. let's bring in nbc bay area's kimberly terry near the shopping center where this happened. what can you tell us? >> reporter: i can t

he is -- it's funny, tim cook is sort of an operations guy. he was a lifer at companies like come pack and ibm before he came to apple. he really came to apple to manage inventory, make the trains run on time, and then he just really proved himself, and obviously took on much, much more responsibility. but there's nobody that knows this company better than steve jobs than tim cook. >> having said that, it's massive shoes to fill, now that he's got the ceo job. and part of steve jobs' brilliance was his personal marketeer for the whole company. and as an innovator. from what you're saying, it's not really the kind of thing that his successor is really that skilled at. will he have to learn that kind of ability, do you think, to go to these conferences once a year and excite the world the way steve jobs does? >> i don't think you can learn steve jobs. he is the closest thing the business world has to a super here rove. i don't think anybody would deny that. in terms of the marketing flair, i don't think tim cook needs to have that, to steer the

tim cook is going to come in and do just fine. but the visionary part, and we were talking about this earlier. this is steve jobs, a bay area emblematic of the silicon valley. born and raised here. he loves that and heat loves the visionary part of that. can that be duplicated? >> yes, it can. for now steve jobs wants to be chairman of the board. let's assume they'll appoint him to that position. that's the kwiequivalent of wha he's been doing now. there's no way steve jobs was coming in and balancing the books with a pencil. he has been the visionary and hands-off ceo for what, two years now since the first time he stepped away. >> but his deal is hands-on and he's a hands-on guy. >> a hands-on idea guy. a hands-on show me the product. a hands-on this is not good enough sort of guy and he can still do that as chairman of the board, i have no doubt. his student, tim cook, will learn from that as well. >> okay. we move on. thank you for your insight. we continue to cover the story. the buzz and speculation is in full effect. the nu

new chief is tim cook. what will apple look like with cook in. >> cook is doing the day to day stuff while steve jobs was still involved with apple but not with the intensity that he used to zblb tim cook is not the next steve jobs. he is the guy that steve jobs' play book and he is going to do what is involved in the short term. >> just last week when they opened the store, new apple store and crowds were crazy as they always are at apple events. they waited for hours to be the first one through the door. there was no new product. there may be one in the next couple of months. that is good news for apple shareholders because it looks like there is enough in the pipeline for the foreseeable future to keep things rolling. iphone 5 coming up in the next few months. still it is trading about $357 a share. in half an hour we'll find out what the folks over on wall street think about steve jobs is out. he is still chairman of the board but the ceo, day to day hands on person like he has been. >>> we posted steve

jobs did recommend tim cook succeed him as ceo. the apple board made that official this afternoon. company, cook has been running the company during jobs' leave of absence. apple watchers say there is no question about

tim cook taking over.f steve jobs was the product guy and the visionary guy when it came to the attention of detail, tim cook really handled the balance sheets. made sure apple has churned out the profits for the last few years. tim cook put out a statement to apple employees. it says, "apple is not going to change." steve built a company like any other. that statement today coming from apple's new ceo tim cook. fred. >> dan, you covered a lot of apple events. you have seen jobs in person many times. what is the distinguishing quality based on your encounters? >> reporter: every time i went to one of these events, it took on the feel of a sporting event. the excitement and the crowds. people just wanting to see the latest. one thing that sticks out in my mind and i think we have a picture of this. this was during the ipad two presentation. there was a picture. it says liberal arts meets technology. the intersection. if i could give you an example that steve jobs has talked about over the years. when he was

i think tim cook is extremely capable shall but he is an operationals guy. we see jonathan ivs who create the i pad f those folks stay, the loyalty is to the organization, more than just to steve job, that's great. but neff's gotten very wealthy and a little bit older. >> susie: let's get a little about the investor react today. you are very positive on the stock. you still think investors should be buying yet su have a $600 price target on tap el-- apple. tell us why? >> well, the markets that they are going after are enormous. if you think about the smart phone market which is about half of their business is iphone, you know, they are about 20% penetrated for smart phones. and so there is a big opportunity there and the tablet market is really anybody's guess how big that's going to be. but there is new areas that have never been before and apple is obviously a leader. so the simple way we think about this is there are brig markets that they are in a leadership position and that's definitely good for apple. >> susie: but a lot of that is going to depends o

tim cook sent an e-mail to employees, promising that the best years are you ahead. >> he will be on stage, at the next event and then he will do what steve jobs has been dog, hand it over to the senior people who are in charge of those different products and showing how deep the bench really is in apple. >> reporter: that being said, no one is arguing that tim cookies steve jobs -- that tim cook is no steve jobs, but he sent an e-mail to employees. experts say that's the point where jobs is considered one of those people bigger than life. apple is now bigger than jobs. >> i think what steve jobs has done, he has helped build that vision into the dna of the company and into those executives. and so even if one guy is not going to have that vision and driving the company in the same way, i think as a whole, with all the different parts of apple, they're still going to have that vision. >> reporter: so what can we expect in the days ahead? well, new prosthesis are coming and that will take the focus off of who is in charge and on to what customers can expect on store shelves. live in san fra

. >> tim cook has been named the new ceo.oved he can build high quality products and ship them out on time. apple's short-term plan is solid, but beyond that, the company needs another visionary. >> i don't think apple can be the same a year or two from now. they will start to vary and veer in some way. someone has to run that company. there has to be new leadership and in this business, you don't come in to run a company to babysit it and carry out what steve used to do. that's a formula for disaster. you need vision. >> and stock prices now trading down 5% in afterhours trading, the big test will come tomorrow morning on wall street at the opening bell. >> all right kit is live in cupertino. we are going to go to linda yee who is standing by with reaction from the apple faithful. the customers, right linda? >> well that's for sure. some people called jobs the soul of the company, the genius of the tech world. now that he's gone, will apple fans stay loyal? he's as iconic as his company symbol and steve jobs decisioned to st

tim cook has been named the new ceo. he proved he can build high quality products and ship them out on top. apple's short-term plan is solid, but beyond that, the company needs another visionary. >> i don't think apple can be the same a year or two from now. they will start to vary. someone has to run that company. there has to be new leadership and in this business, you don't come in to run a company to babysit it and carry out what steve used to do. that's a formula for disaster. you need vision. >> and apple stock is going down 5%. the big test will come tomorrow morning at the opening bell on wall street. with more on how the apple faithful are handling the news, linda has that. >> it didn't take long for the buzz to talk about that resignation. and while the reaction was strong here, the question really is, will they remain faithful and buy all future apple products? >> he's as iconic as his company symbol and steve jobs decisioned to step aside stunned legions of apple addicts. carlos is the ultimate apple consumer

the new ceo, tim cook, former chief operating officer moves over as ceo. had here is some observations on cook and jobs. >> he is iconic. he represents part of apple. frankly it's going to be hard i think moving on. >> i admire him and i'm glad to hear he stepped down. >> i think it's big. he is apple. >> reporter: taking a look at the scene at the store when they opened. they didn't have any fantastic giveaways it was just apple opening a store in berkeley and people came out. there was the usual hoopla that goes along with anything apple. steve jobs did an amazing job, approval rating of 97% making him the third most popular ceo of all time. still a lot of questions to be answered. we hope to find out more as the day goes on. >>> this morning, news about jobs is not going over well on wall street. in after hours trading, apple stock fell more than 5% that is $19 a share or $18 billion in value. we posted steve jobs' resignation letter along with tweets reacting to the news. that is at abc7news.com. >>> former giants slugger barry bonds will be back in fed

while stepping down steve jobs suggested tim cook should be the new ceo and the board agreed. cook joined the company in 1998 and named chief operating officer in 2007. he served as ceo in 2004 and 2009. in a letter addressed to apple jobs said, quote, i have always said if there ever came a day when i could no longer meet my duties and expectations as ceo, i would be the first to let you know. unfortunately, that day has come the resignation appears to be related to the health problems he has dealt with over the past several years. in 2004 he battled cancer and lost a lot of weight and looked frail every since then. in 2009 he said the weight loss was caused by a hormone imbalanced and announced a six month leave of absence. his most recent work included the ipod, iphone and ipad. >> reporter: after his announcement today apple stocks fell over 5%. when the market closed apple's value was $349 billion. we will know more tomorrow. >> very busy on the markets tomorrow. jobs has always been considered heart and sole of apple and this could mean big changes ahead. continuing our

you need vision. >> reporter: the new ceo is tim cook. has been the coo of apple, the chief operations officer, known as a logistical genius. he worked out a lot of company's product problems in china getting that product line to the u.s. and around the world. but he is not the creative genius that jobs has been at apple for more than a decade when jobs went back to the company in the late '90s and the question is who will fill those shoes? to share one story i heard this morning in reading about this when the iphone came out in 2007, there were actually three prototypes. the first two came to jobs and he rejected them. go back to the drawing board or tweak this one thing, he said. the third version of the iphone jobs finally signed off on and launched the product that revolutionized the phone. the question now is, with jobs no longer there, is the ceo making those decisions, who will it be to sign off on new products? i'm matt bigler live in san jose for cbs 5. >> brian cooley mentioned that on our 6:00 show. you need a ceo to say no lik

tim cook certainly has his work cut out for him. it was steve jobs that created things that people didn't even know they wanted. when they saw them, they certainly did. >>> here in asia lg's electronics is sending best wishes to steve jobs and his family. let's bring in eunice eun. it's been a big reaction, hasn't it? >> that's right. apple is such a huge player in the tech world. it actually manufactures and assembles a lot of the products right here. so apple has several different suppliers across china. many of them putting together their i pads and i phones. there's the steady flow of business to a loet of these suppliers. i wanted to take a look at one of the statements out of a very important supplier of apple, a company called foss con. they have every aspect and its ability to innovate. investors, though, not quite as certain. if you take a look at how the overall markets have done in asia, actually prb good. but when you look at the individual stocks of some of the listed companies that make apple products such as han high,

tim cook will over and jobs will remain as a chairman. right now it looks like apple will trade down earlier. right now looks like it will open down 2%. >>> this foggy bay area weather is coughing problems an that big paint job on the goalen gate bridge. >> reporter: blame the fog. it's another foggy morning out here. you take a look at it an we have the north tower. you can see the bottom half. this is a common sight out here. take a look at how wet it is 6789 the roadways are wet. here are some of the issues. we are dealing with salt water and salty area out here. the paint is important not only to make the bridge look gad #á good but deal with problems like that. we're talking about a project behind schedule because it is too wet to paint. the cables that hold the bridge up haven't been painted since they were first painted all those years ago. they want to do that now. you can't really get up there baa it's so wet. it's too wet and the point won't stick and it's not safe. the focus again is the cables ends up the bridges. they want to

tim cook is not generally thought of as a huge innovation guy. johnny ive is still on board, still works closely. what i think we'll see is the pipeline is already stacked for the next couple years. you may not see many differences. the question is it won't go from the ipad 1 to 2, will they go from the iphone to the ipad? are they going to be able to come up with a total any new device that we didn't think we needed before and suddenly we do? >> and steve jobs will still be around? >> yes, as chairman of the board. >> thank you for your time, jason. >>> right now libyan rebels say they have the man surrounded moammar gadhafi says gadhafi himself is leading the fight in libya. we're going to explore that one. and also more on hurricane irene, a storm powering its way toward the mid-atlantic states and the northeast. are you in irene's path? germp and form a layer called biofilm so strong it survives brushing. thankfully, there's listerine® antiseptic. its triple-action formula penetrates biofilm, kills germs and protects your mouth for hours. fig

they expressed confidence in tim cook. apple should provide more details about apple-- steve jobs' responsibilities. and hurricane irene is making its way up the east coast. they are buying generators and ply wood and flash light. that could happen the bell line. costco and target and walmart ma benefit as shoppers stock up on food and water. that is the business news. this is the bloomburg after the bell report. new study shows that vehicles most and less likely to be hit by thieves. catted lack escalade six times more likely to be hit by thieves it is a popular status symbol . pick up trucks are a favorite. taking the next ford f250 and chevy silva rado. and the vehicle least likely to be hit by thieves was an audi 86. >>> and police in arizona said a thief stole thousands worth of the snakes in a pet store by stuffing them down his pants it is a bold maneuver. the surveillance camera recorded the heist. >> he opened the cage and grabbed them and hung around for a couple of minute walked out of the door. >> it was in his

this a good company. >> wish him the best in everything in life. >> reporter: jobs recommended coo tim cookace him but that was no surprise. cook has been running the company for some time especially since jobs left for medical reasons. apple says jobs was elected chairman of the board and will stay active in the company. now, ironically, jobs seemed to be doing better lately. he was making regular visits here to the office here at apple but yesterday we hear that he was meeting with the board of directors for quite some time before he made that official announcement. frank, we know that medical reasons is behind it but we don't know why. >> it's been a mystery. he is going to stay with the company as the chairman of the board. >> reporter: yes. he is going to stay chairman of the board, elected, and he will stay active still be very involved with projects which of course is what people want to hear but i want to mention that tim cook the new ceo has been labeled as the genius behind jobs. he took over in january when jobs left for his last medical leave. and i should point out that stocks

the relatively unknown tim cook has become the chief operating officer and will likely replace tim. this has caused a flurry of speculation about his ailing health and the fate of the corporation he helped to bill. we're joined now from new york by the author of "be political diet." i heard that steve jobs' is described as one of the most creative people of our generation. do you agree with that? >> i would agree with that. i think especially when you're talking about the technology world. he is one of the most well-known and biggest innovators of our time. these days, it is hard to find someone around it does not have some kind of apple product, whether it is the iphone, ipad, ipod. he is iconic and he shook up the technology world, especially since you returned to apple. he did it ousted from the company at one point. he is a visionary and like any other in the tech field. >> when he took over and started sounding that company back in california, computers were a tiny little box. it really runs the gamut of the history of computers. >> he has been tied to apple really since the be

everyone has known steve jobs would resign and tim cook would take over. i think steve jobs imparted his culture into apple so deeply that it will run just fine. with that said, the markets are still going to react strongly to the news tomorrow. >> he may not be active in day-to-day decision making but i bet whit comes to product approvals and major decisions he'll be extremely active. it's hard to imagine him being on the side lines as long as he's able to breathe, so to speak. >> to pick up on that line of thinking jobs did ask to be named chairman of the board and remain as a director and employee. that was approve bid the board. apple was in a solid decision, the leader in tablets with ipad and maker of the popular iphone. this year, steve jobs says we're entering post pc era, reverence to the fact ipad and tabblets are taking over top lart of notebooks and net books. today we enter into the steve jobs era. >> and in pinole today an armored car robbery goes bad and bullets start flying. >> when it's over, a suspect was dead and another wounded. a polic

apple. >> tim cook is not the next steve jobs. if anything he is the guy who has steve jobs' playbook and he will do what is in that playbook for the short-term. >> many see cook as more of the traditional businessman who will appeal to wall street. >> i don't see him as the kind of person who could ever have the focus and the maniacal dedication. when you look at steve jobs he is a different ind could of leader. >> consumers at the apple store were shocked by the news. >> i admire him and it is sad to hear he stepped down. >> she apple. that's big. >> they say jobs' approval rating by employees makes him the third most popular ceo of all time after mark zuckerberg and google's eric schmidt. >> he is a beloved leader. he is iconic. he represents the heart and soul of apple. and frankly it will be very hard i think moving on. >> there has been quite an outpouring tonight of admiration of jobs both on-line and on twitter with one person commenting is that perhaps steve job stz thomas edison of our generation. in the newsroom, leslie

tim cook is also a very strong leader, seen by investors as a strong leader of this company. i wanted to take a look right now at shares of apple. they were on hold for a while, candy, and they have just opened up, and apple shares have fallen about 7%, 8% to about $356. so, obviously we expected some investor reaction, but, again, a pretty succinct letter from apple ceo steve jobs asking to step down from that top role. >> our poppy harlow again on the breaking news tonight that steve jobs has resigned as apple's ceo. he does want to stay on and serve as chairman of the board and director. >>> turning now to the man who ran libya for almost 42 years, he is on the run, with a price on his head, the rebels announced a $2.5 million bounty for moammar gadhafi and say intense fighting near tripoli's airport today is linked to the manhunt, pro-gadhafi forces are entrenched in villages just outside ofqaddafi qaddaka k gadhafi's gunmen melted away from the rixos hotel where journalists were being held, including cnn's matthew chance and he joins us tonight. it's very good to see you

tim cook has led apple during two medical leaves by jobs. he brought was brought in to see overseas manufacturing of computers. many see him as a traditional businessman. we posted his resignation letter along with tweets reaction to the news. look under see it on 2 at abc7news.com. >> thousands of evacuees in placer county are back home after they allowed a rail car to burn out. they say there is still propane in the tavern so they will continue to shoot water on the tanker to keep it cool. you can see that water still being shot at the tanker. fire officials say there is no longer a threat of major explosion. it's still unclear how the tanker caught fire tuesday afternoon in the northern propane energy yard. >> former giants slugger barry bonds and his legal team will see if a federal judge will set aside his conviction. the jury deadlocked on three counts of perjury. his lawyers have raised instructions jurors received. they will see if he will retry him on perjury charges. they claim he lied on the investigation into balco lab in 2003. >

now tim cook is the new ceo.ined apple in 1998, rose through the ranks to become the company's chief operating officer. before apple help spent 12 years at ibm and worked at compaq. he said i want you to be comfortable that apple will not change. steve built a company and culture that is unlike any in the world and we are going to stay true to that. it is in our dna. cook does of a lot of challenges going forward. first, he has to maintain the image of apple. will he take over as the face of apple or will the company use a spokesperson. apple customers are loyal. what about investors. some say this is the end of the era and the innovation will not continue at this pace but think the of how many people worried about apple losing market share before it introduced the ipods. and that company changed electronics forever. at ktvu.com, you can find steve jobs' resignation letter in its entirety. the upcoming holiday season will be a big test for apple as people try to get their hands on perhaps the new iphone we've bee

that's what wall street is overreacting to tonight, i have to say. >> tim cook. what can we expect of him and these are awfully big shoes to fill. >> the biggest in the tech industry. the way things are going on the stock market,s biggest in american street. he runs the company, day to day. he revamped their manufacturing for seven years. this is why apple has the best high quality manufacturing. this is the guy who made this happen and high quality on time and surprisingly good on price. h has that nailed. who is going to say no? jobs says no to overfeatured products and initiatives that don't have a clear purpose or work. that's what a lot of companies have the hard time finding guts to do. >> it's a big day in the tech world. >> it is. but they are not totally unexpected. and this has been managed as well as you can with the situation like this although they are relatively nontransparent about what his health has been so that's always frustrated the shareholders. >> it really happened. >> not i can't believe this was coming. we knew that. >> we'll keep an eye

. >> tim cook has been handling the job since january. he is not nearly as recognizable as steve jobs, cook has worked of the z 00 of the company for 13 years. apple stock was down $20 a share in after-hours trading but has bounced back. now at 3 and $69.68 a share. >> i have been talking about this with our viewers all morning long on our facebook fan page. i asked viewers, with ample ceo steve jobs stepping down will apple lose ground in the tech world? take a look at the various responses that have come in. >> an arraignment today for two men accused of stealing and i felt a prototype. the men are suspected of selling the phototype the after finding impact in redwood city bar. the sect was uncovered last april. here is a video of that review. the prototype has been returned. >> another developing story, part of board members say that they agreed that the agency should only cut off so phone service during drastic circumstances. here is video of the protest that followed the board's decision to restrict cellphone service. bob franklin es

. >> suarez: that task now falls to the current chief operating officer tim cook hand-picked as jobs'cessor. cook has been holding down the fort since jobs took medical leave. jobs is not leaving the company. he will stay on as chairman of the board, according to >> suarez: more now about the impact steve jobs has made and what his resignation means from two who watch this field. walter mossberg is the long-time personal technology columnist for the "wall street journal." and charles golvin is a principal analyst for forrester research. walter mossberg, whether it's consumer electronics, entertainment, even computing-- which is where it all started -- this has been a big impact player, hasn't it? >> well, you know, ray, i think steve jobs is a historic figure. he's not only a historic figure in business but really in america. he has not only disrupted and innovated in computers and consumer electronics for all those products we saw just now listed, but he has in the process shaken up and revolutionized the music industry, the movie industry, publishing industry, even the retail indust

this is a profile of tim cook. you can find it online.eed to know about this guy. it is fascinating. >> just to go back to steve jobs a second. he was trying all of these new treatments, best treatments out there to get better. and -- i don't know. you are right. it is really sad to think about that. he has everything going for him. but not his health. >> he does. you know, very little is known about exactly what the problem is. it is -- apple has been very secretive about the problems. you know. only in the past, you know, year or two, admitting there was -- a reason to take a medical leave. that's something that apple had been criticized for in terms of what does a company owe its shareholders. regardless we all know now that -- you know, the -- this is very, very serious. >> people are fascinated by steve jobs, whether you cover business or not, whether you like computers or not. really, the -- most common question i have been getting on twitter and from people is buy, sell or hold, the stock. let's take a look at the stock. $376 right

he has been elected chairman and tim cook will serve as ceo. jobs said he could no longer, quote meet my duties and expectations as apple's ceo. >>> earlier a big jump in july durable goods orders, twice as much as expected eased double dip recession worries. many still holding out hope, chairman ben bernanke will announce it in a speech tomorrow. >>> gold, one of the steepest falls ever. after hitting a two and a half year low tuesday, bank of america shot up 11% calling speculation of a merger with rival j.p. morgan chase baseless. >>> home builder toll brothers rose 4%. else where, google will pay half a billion to settle a criminal probe into pharmacies that led to inlegal imports. >>> collective brands, the parent of payless shoe source an stride rite is closing almost 500 stores and looking to sell. >>> finally, at 500 tweets per second, tuesday's east coast earthquake traffic set a twitter record, beating out news of osama bin laden's death. hard to imagine there. >>> a wild pitch, wild catches and wild walkoff winners. plus, a baseball

. >> tim cook handled the balance sheets, overshah the supply chain making sure apple had all the components to make the devices. >> he is one of the people that made sure they had, you know, high profit marge made sure their product supply chain was running really well, so apple has been able to get parts for the iphone, ipad and at lower prices. that gave them an advantage. >> he joined the company in 1998. brought on after the company was teetering on bankruptcy. >> real test will come 4-5 years down the road when the question of his design and his attention to detail will start to, you know, new products will come out that may not have had as much as it had in the past. >> reporter: cook has been known as a workaholic. >> all of apple is very, very excited to bring the iphone to verizon's 93 million customers. >> reporter: he has been more visible in recent months though it's not clear if he will fill steve jobs' shoes for product introductions on stage which is important to the apple brand. apple's chief marketing officer. cook is a hard nosed executive whose strength lies behind the sc

. >> tim cook, the coo has been in place for some time. they expect a relatively smooth transition all though stock is down this morning. >> if you talk to tech analysts about this, it's insurgent. the question is aulsz been what happens post jobs. there's a plan in place, but never forget steve jobs was the top of the pyramid and all major divisions flowed through him. i'm not saying there's going to be a wild disruption in terms of apples day-to-day, but it's different. >> we are going to check the markets in a minute. i want to get you in on the 2012 poll. the gallup poll, since announcing his bid two weeks ago, perry passed romney and bachmann. he leads all candidates with 29% among republicans and republican independents. romney, 12 points back at 17 followed by ron paul and bachmann. it's before huntsman's new strategy. he's at 1%. 29% for rick perry. what does that tell you? >> the field was unsettled before he entered. romney was the front-runner. if you talk to anyone who's participated in the republican primary, they were never s

tim cook who has been running the company on and off while jobs has been out. he's very experienced. he's jobs' favorite guy. he is brilliant. they feel like they can keep the momentum going even without steve jobs there day-to-day. >> as you said steve jobs defines apple. neal karlinsky, thanks very much. >>> breaking news out of libya. a group of rebels are reportedly surrounding gadhafi's compound where they believe he is hiding. we go to abc's jeffrey kofman. jeffrey? >> reporter: the source is reuters. they arereaying gadhafi and several of his sons are in that apartment building. we are watching closely. and we will keep you posted. that gadhafi compound that was liberated this week. who's on top that have building? it is controlled not by rebels. but by snipers. >> there is some militia of gadhafi from the building. >> reporter: some gadhafi soldiers just won't give up. this route is -- >> not safe. this is not safe. [ gunfire ] >> reporter: all right. yeah. come on. we're as far as we can go inside the gadhafi compound. let's go this way, please. come o

tim cook it not that person. he's a dollars and cents guy.as a great product chief and he is the best in the world at what he does when it comes to design. you missed that at the top someone who can veto and make sure the features are recorded. it will be interesting for everybody who has been touched to see what happens next. it may be one of the most powerful cities in the world.  >> it's one of the most powerful cities in the world, but in the case of a mass hurricane like irene, new york city could be in serious trouble. mary snow is working this part of the story. mary? >> joe, hurricanes are not common here in new york. that's what worries some who follow hurricanes closely. it won't take a major hurricane to cause serious flooding in some parts of the city. if anyone is worried about a hurricane hitting new york, it's coastal geology professor nicholas koch. to understand why, he took us to south hampton, new york. >> this is actually where the 1938 hurricane broke through and made the bay a branch of the ocean. >> koch said most new

involved in apple but not with the intensity that he used to be. >> tim cook is definitely not the next steve jobs. he is the guy who has steve jobs' playbook and he will do exactly what is in the playbook for the short-term. >> many see cook as more of a traditional businessman who will appeal to wall street. glass door.com says jobs approval rating by employees makes him the third top employer of all time. >> he is iconic and represents the heart and soul of apple and frankly it will be hard i think moving on. >> reporter: there has been an outpouring of admiration for jobs both online and on twitter with one person commenting that steve jobs is perhaps the thomas edison of our generation. in the newsroom, leslie brinkley, abc 7 news. >>> the news about jobs is not going over well on wall street initially here. since the announcement apple stock has fallen 5%. that is $19 a share or $18 billion in value in afterhours trading. $18 billion is roughly the same as the gross domestic product of paraguay as an example. >>> a police officer and security guard were wounded in a bank robbery a

. >> reporter: jobs will stay on as chairman but tim cook will take his place right now. many say cook had been running the show any way since job had health problems. in 2004 he had surgery for pan pancreatic problems. we will have more on the impact of jobs departure next month when apple is rumored to release its iphone 5. >> we have posted steve jobs resignation letter on our website. you can find it at ktvu.com under the steve jobs tab. >>> oakland police immediate your help to identify a man shot to death early tuesday morning. he's described as an african- american man between 20 and 30 years old. the first photo shows a tattoo on his forearm that says teresa. anyone with information is asked to call oakland police. >>> barry bonds is said to return to a federal courtroom 678 last night he made a rare appearance where he watched the giants meet the padres. >>> the threat of a major explosion from the propane fire is over. they allowed the fire to burn itself out this morning. crews reignited it to allow vapors caught in the tank to burn away. firefighters now say t

tim cook is taking over as ceo. >>> just hours from now former giants slugger barry bonds and his defense team will return to court to try to convince a federal court to set aside his conviction for obstruction of justice. bonds' lawyers have raised concerns about the instructions jurors got before determining his fate. they say bonds was really guilty of giving a rambling answer. prosecutors may also reveal today if they plan to retry bonds on the perjury charges. they claimed he committed perjury when he was telephoning before a federal grand jury. >>> to the battle of libya, a spokesperson for moammar khadafy he says he is leading the fight against the rebels. khadafy is safe and his morale is high. this file video of khadafy. he called on libyans to destroy the rebels. in a statement and brief audiotape that aired that appeal came as intense fighting has erupted in the capital city. this video inside the compound in tripoli, you can see it has been covered in graffiti it was ransacked and they are offering a nearly $2 million reward for his capture. the u.s. military says they are not

tim cook will replace the jobs as apple's a new ceo he joined in 1998, he was named coo in 2007 and served as temporary when jobs took a leave of absence. >> house the resignation news affecting the stock market? >> we will not know the impact until the market opens tomorrow morning. but so far is shows that apple shares are down more than 18 points and it could dip even more when the stock market opens tomorrow. the >> everyone will have to absorb this news. now on the phone to talk with us further about steve jobs announcement and the future of apple is scott, the editor and chief of see that. and for joining us and your reaction? >> it is not unexpected but it is still shocking. when it comes to silicon valley and the history of the pc revolution he is right there at the top. it is shocking and frankly sad. >> i do not know a company whose image is tied as much to a ceo as much as apples is. do you suspect that his health is deteriorating in light of this announcement? >> i cannot really speculate. he said before that he would step down when he could no longer perform the duties to what

tim cook is laying awake a bit at night right now i'm sure even that this is not new to him. but the reality of it, now it's really on. the game's on now. >> it will be very interesting to watch brian cooley, thank you. >> thanks, guys. >>> all right. military veterans looking for a job got a big boost today. a special job event was held in san jose just for veterans and their spouses. as len ramirez shows us, dozens of employers were looking to hire. >> reporter: with the mill true draw downs the soldiers are coming home but marching straight into one of the worst employment situation in decades and for many vets finding a job is tougher than for many civilians and that's why fade there was a special recruit military job fair held in downtown san jose. about 30 employers were participating, everything from home deno verizon wireless, military contractors like lockheed martin and governmental agencies like the irs and the cia. one vet had a job at nummi but lost it when the plant closed. he says it has been tough finding the right fit. >> i was some marine corps experience in

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." >> he recommends that tim cook become the ceo. steve jobs himself would become a chairman of the board of directors. his hands-on role on a daily basis appears to be over. >> what we know about him cook? >> he is the man who will be most likely filling the shoes and what a very big shoes they are indeed that stock -- steve jobs has created. these are the people that created the macintosh computer, the ipod, the iphone. they're looking to assuage market fears and the new iphone may well be released next month. this is very much business as usual. there will be questions about what apple's future will be given that the big innovator, the man who founded the company, is out of the picture. >> hurricane irene had strength into a category 3 storm. it brought torrential rain to the dominican republic. forecasters say it could be a category four hurricane by the end of the week. to tell us more is a meteorologist at the u.s. national hurricane center and he joins as on the line from miami. this hurricane continues to strengthen, with a t