And lillian, one sillicon valley power housemaid a move that helped the rebound . Reporter thats right, as bad as it was, it could have been a lot worse, if not for an email from apple ceo, tom cook. Moments later, stocks rebounded, thanks in large part to steve cook. Saying that his company is doing just fine in china, despite the slumping economy. Here was the fundamental assumption that china was impacting their business, when in fact t wasnt. But theeect of the email only lasted so long. The dow down about 3. 5 . The white house asserted calm. I would say the on going strength and resilience of the u. S. Economy. Reporter there doesnt seem to be panic here just yet. Just a wait and see attitude. Dont do anything foolish. So, for the moment, i dont do plan to do anything. Reporter but how much more can people stomach. A figure has most people hoping that sell off is coming to an end. And we will bring you the latest when trading resumes tomorrow on wall street. On abc 7 morning news
Volunteers to assist with Recovery Efforts in at least 50 counties across texas. Safehouses. As the water starts to receipt, recede, this is where rs need to volunteer. To get people act in their homes the very baseline level. And sustained them there. The administrators is the number of people seeking shelter will continue to grow and the work will continue for two years. The Texas Governor says catastrophic rains have moved east from the houston area, to the region around beaumont, texas. He warns that the worst is not yet over for the southeastern part of the state. Governor abbott added 14 more counties are now under a federal declaration. He says the number of National Guard troops aiding in the disaster has it been increased from 12,000 to 14,000. Sunshine is in the forecast for the houston area today, but the worst is far from over. Straight days of rain brought more than 50 inches of water to the area, at least 20 people have died, 15,000 have been rescued come and 70,000 are s
Reason to spend four digits on this phone. Wait toe continue to release the presentation of the iphone 10 or iphone x. David kirkpatrick, lets ask about the architecture of these phones. Phil shiller the head of marketing at apple talking about abiotic infrastructure in this phone. The glass background, the sleekness. Does this Company Think about we care about such things . There aretrick things we care about. The a 11 chips that what we care about as long as they were great. We do care about if its ifing late in getting it is an organic light emitting diode, it will always be on without using battery. Matters tof change consumerist, it makes the phone easier to use. They havent had many things like that in recent years. I think this rain on the highend phone is going to be a game changer for them. David cory johnson, as we look at the iphone 8, iphone 8 plus showing off the look of those new phones, loop is similar question to you. How radical is the fact that we are getting new proc
Apple releases its anniversary iphone. It has better cameras, can do augmented reality and it recognises your face. But is it worth the wait . And is it worth the cost . And were at the frankfurt auto motor show, where more weird and wonderful cars are unveiled as the worlds leading makers race to plug in. Welcome to World Business report, im sally bundock. Also in the programme toshiba shares dive again in tokyo. Well be live to the region to find out why. But first. This year is the tenth anniversary of the iphone and the latest version has a new screen, new camera, no home button, and a big price tag of 1000. But will it be enough to drive growth at the worlds biggest listed company . The firms share price has soared over the past few months. Since december last year its climbed more than 50 and is nowjust over 160 a share. But not everything is well at the tech giant. Its been struggling in china, where its losing market share to competitors. In the last quarter its revenue in the
Comes to cal in two days. And tonight prot now at 11 00, this conservative commentator comes to cal in two days. Tonight protesters have a very good reason to keep the peace. Good evening im elizabeth cook. Im ken bastida. Tonight police in berkeley have a new tool to reign in the rioters. Joe vazquez reports. The city just gave their officers the power to pepper spray. We have those on the left and the right who agree. It was a heated contentious emergency meeting of the berkeley city council. Please do not walk down this path of unintended consequences. Reporter as the mayor proposed changing the police use of force policy. We need to solve this problem and it needs to be solved in a way that prevents those to gain a stronghold. Reporter to allow police to use pepper spray on a crowd. This will be the right thing. Preventing people from getting physically hit. Reporter so far this year there has been one violent crash after another in berkeley. The mayor and police chief say they nee