you $342. today with the splits and everything, it is worth $37,900. some guy told me on twitter he is upset he decided to buy that 1997 mustang. that s obviously that s one of the things with the money. the other blind blowing number under steve jobs in 1997, chris, apple did $7.1 billion in sales. today over $108 billion. they were the number 456th company on the s&p and now they are the number two company. so obviously under steve jobs leadership this company grew and made a lot of people money. steve jobs as well. according to forbes he was worth $7 billion, you know, when he passed. darren ravel, thank you so much. to the mega-tv hit in the 07s with former the partridge family star david cassidy who
but i can not. are you ready? states of hnemergency are in if effect from north carolina all the way to connecticut. it could be a very rough weekend. so let s head right to atlanta and check in with jackqui jeras. once again it s a little later than usual, so i m scrambling to get it all out to you. hurricane watches now posted from the north carolina/virginia border to sandy hook, new jersey. so that includes delaware bay, chesapeake bay. we also have hurricane warnings in effect from little river inlet north carolina northward to sandy hook including delaware way, chesapeake bay, south of smith point. so that includes basically everybody from long island on southward. so this is a developing situation. of course. second thing that s new here that just came in, the intensity of the storm. category 2. look at that number. 110-mile-an-hour winds. the threshold between the two is between 110 and 111. 111 makes it a major hurricane, 110 makes it a think not major hurricane, b
jake tapper reports the obama administration is now preparing for the worst. reporter: next door to the white house, on the third floor conference room at the treasury department, secretary tim geithner and a dozen others have been preparing a secret plan for doomsday. for months they ve been planning a world where congress has instructed the federal government to continue to pay its bills. but as of next tuesday has not given it a way to pay them. what happens then is that we no longer have the ability to borrow money. reporter: tax revenue will continue to flow into the treasury but not nearly enough. $178 billion in august to cover $308 billion worth of bills. so tough choices will have to be made. who gets paid? who does not? abc news has learned a top priority will be paying the interest on the existing debt. that s at least $38 billion this month. so that the u.s. government does not for the first time in its history default. perhaps causing markets to plummet. that leaves
dollar, the japanese yen that been gaining today. pauline? nina, here in asia, japanese markets failed to maintain the gains from tuesday. in fact, it s quit a different story. a profit-taking sent tokyo s main index lower as investors reacted to new radiation warnings, this time in the tap water in tokyo. after the markets close, japan s golf. said that the economic cost from the earthquake and tsunami could total $308 billion. meanwhile, around the rest of the region, let s look at how they fared. shares of cole companies dragged the market down in hong kong. banking and energy stocks gave sydney just a slight boost. there the shanghai composite is up more than 1%. a bombshell for britain the day before the government unveils its austerity budget. coming up after the break, how will new inflation numbers effect britain s ability to meet its deficit-slashing goals?
vote slated today. that issue likely to dominate in the eu summit tomorrow. markets suffering, adding to yesterday s losses albeit not as much. pauline? i m afraid the asian markets did not give you a good lead-in today. here in asia, japan led the losses. profit taking sent tokyo s main index lower as investors reacted to new radiation warnings, this time in tokyo s tap water. we heard an update from my colleague a colleague about that. after the markets closed j pan s government said the cost of the economy of the earthquake and the tsunami could total $308 billion. meanwhile, around the rest of the region, shares of cole companies dragged down the market, the hang seng here in hong kong. and banking and energy stocks gave sydney a slight boost.