Anywhere. Get rid of that annoying slice in your golf swing. All of that and more over the next hour. But first, su keenan. Bank of America Governor says his bank could raise Interest Rates earlier than investors expect. And in a speech in london today, he expressed mounting concern over mounting debt in the Housing Market could undermine stability. Have been lowates for five years. Sees demand for corporate pcs. Billion, comparing to an early projection of about 13 billion. Shares rising in afterhours trade. Finally, Phil Mickelson did not shade in shares trading shares of clorox. This after alleged Insider Trading with client and friend, carl icahn. The New York Times said sources it relied on to tie him to the probe now say they were mistaken. Angst very much, su keenan. An old foreignpolicy problem has returned thanks very much, su keenan. An old foreignpolicy problem has returned for president obama. Islam is in iraq threatened to ignite a sectarian civil war. President obama is considering u. S. Airstrikes in order to help the struggling iraqi government. Your cook has more each else peter cook has more details from washington. An emergency situation, in the president s words. What action to take to aid the almaliki government. Whatever the president does, he can expect criticism from someone in congress. Radical sunni forces have swept through northern iraq, taking over the secondbiggest city, mosul, and coming within 100 miles of baghdad. They faced little opposition from the shiite led government. And there are reports that the iranian government has bolstered and willing to bolster the military. In the u. S. Said it is not willing to rule out airstrikes. We have not ruled out anything, because we are making sure that we have a stake in major these jihadist you not get a permanent foothold in either iraq or syria, for that matter. White house spokesman jay carney said the president is not talking about boots on the ground in iraq again. It is cropped drawing criticism from some in congress who do not want to see a return to action militarily in iraq in any way. Criticized theo move, saying that he needs to fire his security team. To replace eric cantor as House Majority leader, down to two lawmakers. That is right. The battle over capitol hill is playing out between kevin mccarthy, number three in majority leadership. He has cantors endorsement. And on the other side, republican Pete Sessions. He is chairman of the rules committee right now. Right now, maccarthy looks like he has the edge, because he is a member of the Leadership Team right now and has cantors endorsement can tour eric cantors endorsement. A spokesman for the Republican Party said conservatives as her a seat at the table. They argue that Pete Sessions is the guy to make the case and to be at that table. Decision in a the vote thursday of next week. The two are busy campaigning. Mccarthy has the early edge. Thanks for your ongoing coverage. Chief correspondent in washington, peter cook. Lets turn to some hunter mercy over some controversy over calling taxis using your mobile phone. Chaos in paris, london, and berlin. Thousands of taxi drivers claim that search this is such as uber are not competing on a level Playing Field. One such app is called get taxi. Rick, thank you for being here. Brooke, thank you for being here. Traffic was snarled in places like london and paris because taxi drivers say this is not a level Playing Field, that there is something amiss with using technology to hail a taxi using these kinds of apps. What is your take . You have to be disrupting the way things are done to be innovative stop innovative. Hail a cab, but we are working with the existing players. When you say working with the existing players, you mean the app connects with those taxis that are already licensed in these various cities . Exactly. In london, we work with the metered cab drivers. In new york city, the union cap drivers. The existing drivers and were giving them our technology to help them leverage their business and to do more business. What is your reaction when gethear critics of uber and taxi say, theres a safety issue involved because you never know who is going to show up based on your call. I would be careful not to lump all of the players into that bucket. We are very concerned about safety and we make sure that all of our drivers are safe. We will make sure you have a safe and good driver. Make isare you doing to operating in multiple cities . Usually, there is a dispatcher. You would call a Central Location and the dispatcher would dole out of the various calls to the various drivers. Is that going to disappear and have people connect directly with the drivers . Change. That will finding a taxi based on where you are. It is making that process smoother and the driver for the driver and better for the user. Does that mean that the driver will make more money . Absolutely. And there is another form of payment, so you can pay through your phone and not have to make change. All of the players. When you see these protests, what do you think of this . Is it because they are misinformed, or because they are more or less part of a monopoly situation and a field and they feel threatened . I think they do feel threatened. Uber has not always existed nicely in the same space and followed regulations. The technology is here to stay. Teach governments and businesses how to work best with it. What is next for get taxi . Where are you currently available and what do you want to do in the next six months . Things are great for us. We are the secondbiggest player internationally after uber. We are doing 109 in revenue and we are profitable in the 22 out of the 24 cities we are in. It is great for us. And it is still early days in the industry. What is required in order to establish a presence in an urban environment for something might get taxi . A certaine to have number of cars and dense population . With 10we are partnered different fleets and we have over 3000 drivers as part of those fleets. That get taxi will be going public . That is certainly a possibility. We want to thank you for sharing your time with us. Brooke moreland is the head of marketing for the app called get taxi. For more on transportation, we at theg for business of in style luxury jets. The founder of talon air joins us. But first, my next guest says the way we are working is just not working. His assessment, next. This is taking stock on bloomberg. Im pimm fox. Think for a moment, how satisfied are you at work doing your job . A recent Energy Project survey of more than 12,000 workers found that 70 of workers say they lack regular time for creative or Strategic Thinking. 56 said that they did not have the 66 said they did not have the ability to focus on one thing at a time. Says the way we are working is not working. He is also the author of the best selling book the excellent he joins me now. Thanks for coming in. Thanks for having me. You made this survey. Are you depressed or disillusioned by the workplace . I have spent 15 years looking at the workplace and ive always known it is not a very satisfying place for people to be, but even i was surprised. I was ridiculously surprised by i did an article about all of this, as you said, in the New York Times and there were 500 comments and we finally cut them off. The depths of despair and unhappiness was one step beyond what i imagined it was. Lets talk about the kind of creative and Strategic Thinking for just a moment. Nearly three quarters say they do not have time to do it. I think it is really 95 . I see it with ceos and i interact with them all the time. Number oneaps, the thing they are telling me. The urgent so overwhelms the important. The constant influx of information, we are surrounded by it here at bloomberg. It makes it incredibly hard to do the very things that would have the most value. How do you combat this . You have to take back control of your boundaries at this point. There are no stopping points. We are on all the time. If you do not establish boundaries, on times and ofttimes, consciously and intentionally, and rigorously in a sack percent sacrosanct way, its not going to happen. You have to make sure you are 100 are sent engaged. One way to do that is 100 engaged. One way to do that is to turn off the devices that are so pavlovian. Turn off the devices. Maybe go outside and do something that is not related to work and let your brain work in a different way. A lot of this is, will the employer support this . Until now, the idea of renewal and recovery has been that is not something you do at work. It is for slackers. The people who get the for this are the people who push the hardest for the longest until they drop. But in reality, we found that each additional break at 90 minute intervals, which is the human rhythm going from alert to tired, each additional break increases your capacity to focus , increases your capacity to think creatively dramatically. Get more done in less time at a higher level of quality by intermittently building renewal into the day. What do employees need in order to make this happen . Employers have to do some environment of trust. What do employees need . They need the recognition that discipline is wildly overrated. You have to build very personal precise rituals. If youre going to take a break, it is a break at a certain time. It is built into your schedule as a meeting would be. To recognize that unless you take control of your life, the Digital World is going to control you, and millions are suffering from that. In your own business, the Energy Project, have you implemented all of these things . We absolutely have. You get four weeks of vacation in your first year, five weeks in your second year. We have a napping room and encourage people to do it. I took a nap in there this afternoon. Toencourage people not respond to email after we close at 6 00 in the evening. We do not have them respond to email on the weekends. In every way, we are trying to build an environment that invests in people, meets their needs, instead of trying to get more out of them. That is the fundamental paradigm shift. Are you able to measure the performance as a result of taking on some of these actions . I can only tell you that we have a relatively small staff, a Pretty Big Company in terms of our revenues come an Amazing Company in terms of the level at which we are doing our work, and a growth rate of about 50 . I think most companies would be thrilled to have what we have, and we are putting in fewer hours to get it. Tell people about the Energy Product hargett. The Energy Project. It is built around meeting the employees needs rather than them. To get more out of meeting therefore core needs, which is renewal physically, feeling valued emotionally, focus mentally, and purpose spiritually. When you meet those four people those four core needs, it is a doubling effect. Increases every single performance indicator. A little goes a long way. If you provide the opportunity to renew, people perform radically better. If you provide the opportunity to renew and you make people feel valued, you appreciate and recognize them, it improves even more. If you meet all four of these needs, you get the biggest improvement of all. In the interest of employees, the self interest of employers, to do this for their employees. Thank you for joining me, Energy Project founder and chief executive, tony schwartz. Coming up, we will take a look inside a business that favors Luxury Travel and can take you short notice. E on i will talk to the chief executive of talon air. That is next. This is taking stock on bloomberg. Im pimm fox. Many evil are heading to the beach this weekend and will spend hours on the many people are heading to the beach this weekend and will spend hours on the highway. And the idea of gridlock that can build up in just minutes is the appeal of a company like talon air. Transportation. We fly the small low smallest turbo air prop lane to the gulf and then to any destination. Providean obligation to the flight whenever they want the flight. Ive been a pilot since i was 18 years old. And openedo fly talon air in 2000. Talon air started and we did not have an office. We had firstyear sales of 25,000. Charter is difficult, because the clientele for charter is a narrow end of people. It is not enough to just look at the charter market, because the competition for the few client is very fierce. I would spend endless houses of hours trying to figure out what i could do, what i could offer. It occurred to me that charter clients who convert by one or two airplanes or multiple airplanes do not want to pay five five figures or six figures a month to maintain that a plane just to fly when they want to. This aspect ofd airplane ownership, and no one else does it. Give me the airplane. I take care of all of the bills. They fly for the price of gas and are not otherwise response before for the cost of maintenance. I take the risk. I keep it moving and it is a success and i cover my costs. If i dont charter the airplane, i lose money. Itont know if i thought would do one lane dollars in sales let alone 60 million in sales. And going on 120 million in sales. Million dollars more than i thought i would have. Joining me now for more in the studio, some insight into the private jet industry, talon air chief executive adam katz. Great to have you here. Lets start by talking about you building the operation literally from the ground up. Tell us about what you did. It is the personification of a dream. It was nothing. Local,lic airport is halfway out to montauk. I started flying in 1978. It occurred to me that my passion for aviation might be valuable to someone else. I could create a service that was valuable. Talon air is basically a personification of my passion for aviation come and for being fair to clients. Without revealing any of the names of your clients, why dont some give us the examples of the kind of lastminute calls you have received that have said, i need to go from a to b, and get there immediately. It is one of the specific reasons people turn to private aviation, flexibility. The airline system, as wonderful as it is, and with as much as much as it does, it cannot move people to off locations around major cities at the spur of a moments notice, or no notice. Sportingper bowl events, kentucky derby, movies, premieres. Anyone going to the world cup in brazil . Many. It is hard to get in there with so many people going down there. Derby,these events, the the super bowl, world cup, world series all different kinds. And locations that are not easy to reach that airlines do not reach, or with no notice. People have to get to different locations, bentonville, arkansas, or places in the country where you cannot get to, like long island or the hamptons. Tell me about your favorites. You want to start with the falcon or the gulfstream, or the twin area provides all my airplanes are my favorite or the twin air . All my airplanes are my favorites. Its like not having a favorite child. King air is an amazing airplane. And at a price that is easy to get around in. I am a purist, and gulfstream is pure aviation. I own the gulfstream and there is really Nothing Better for me than gulfstream. 4000, the largest supersized jet. I want to thank you, adam katz, the founder and chief executive of talon air. Coming up next, you will meet the chief executive of the pga tour superstore. This is taking stock on bloomberg. Im pimm fox. For the headlines, sue keenan. Su keenan. Disappointing jobs data played a role in todays stock slide. An implement claims rose to 317,000 last week. It is more than economists forecast. And up, up, and away. That is what is happening to your rent if you live here in manhattan. For may,nthly rent 3300. That is up more than three percent from last year. Finally, twitter shares rallied on word that rowghani resigned as chief operating officer. A person close to the matter says he left after it power struggle over mobility. Those are the top headlines. Back to you. But the u. S. The u. S. Open Golf Tournament got underway today in pinehurst, north carolina. But the sport has not had a lot to celebrate recently. It has lost thousands of lawyers in the wake of the tiger woods scandal, and one company that is trying to get golfers back in tourwing of things is pga superstore. Joining me now is the chief executive, sullivan. Hank you for being here what exactly is the superstore graco superstore . It is a very large store. If you think of home depot and many of us come from the home depot background. The owner of a large Football Team was the owner of home depot. But the atlanta falcons. Dexia. Yes. Our stories about 50,000 square feet. We have this giant hitting base to help you with your game and fit you better. That is the big difference between us and everybody else. Was there a catalyst that made you realize, weve got to go be here . Because weve got to give people an opportunity to try out the clubs and do all these things and not just when they get home, but instore with salespeople. If you think back to the home depot days, we had to continually reinvent ourselves. And again, i think those that are the winners in any sector are those that are technologically advanced. And that is us, first of all. And secondly, the little level of Customer Service that we provide, our pros are so far greater than anyone else in the industry. We believe if you have the giant ,ssortment and the technology youll win. And you have 19 locations now. You want to bring that to how many . We basically have 20 locations. Nextan to double over the several years. We plan to grow at 20 and double at every three years. Industry has been challenged. The game is difficult. But we are trying to bring more value to the consumer and make it easier to play at the same time. I was looking at the number of golf stores in the u. S. And about half of them closed over the last decade. Is there Something Else going on in the works . Is it just because they are independent and cannot compete . That is exactly what it is. There has been consolidation. The big oxley taylor this is known the bigbox retailer, no surprise, in every market we go to, we are the dominant one. We may not be popular in some cases, but we are trying to open up markets where there is the majority of golfers and golf courses. We just opened up one in california last year, chicago the year before that, and three more stores in the next few months. What does this do to the relationship with the manufacturers of golf equipment . Ostensibly, this will help you to negotiate for better prices on the merchandise. Our relationship with them is the biggest factor. Without the manufacturers, without them creating new Technology Every year, at the end of the day, that is the cracks of our business. We have to sell new equipment every year. Go ahead. I know you brought some along. And not just the clubs themselves. The game itself. Now, there are watches you can walk down the fairway and you know how far you are from the back of the green, the front of the green, the middle of the green. There are gps trackers. Everything to try to make the game faster and easier. There is a system map where you can put a pin inside your golf club and it will tell you how far you hit the ball out there. Grady mcdowell is leading the u. S. Open today. He is one of the biggest investors. As far as trying to get people to be better golfers, youve got instructional videos and Instructional Technology that is designed to up everybodys game. I think people do not realize the importance of fitting. In our stores come as i said, we have large simulators. 14 simulators. When you come in, it is a private experience for you. But everybody swings differently. We even fit for golf balls. It may sound bizarre, but everybody hit the balls hits the ball differently. The ball can be fitted for your needs. I think some people are playing with the wrong equipment. In our case, we give you the equipment that works for your game and it will improve significantly. As far as the popularity of concerned, i mentioned tiger woods. Have you seen a change in your business based on who is the top offer golfer at any one time . Obviously, tiger has a big influence. But the average golfer is still going to play whether he is playing or not. Our customer continues to want to play. The weather is always a factor, but in our chase, we are trying to bring more juniors and women into the game. Right now, there are about 1500 golf courses out there that have created 3000 yard courses, not 6000 or 7000 yard courses. There is a national an initiative out there to bring more juniors into the game. Thank you for sharing all of this. Executives the chief of the pga superstore. Coming up, i will speak to a company that is partnered with Ryan Seacrest and they want to connect to the world through food. Also, yes, fathers day is just four days away. My guest is going to help millions find the perfect gift for their father. If you were not keeping track of fathers day, im going to tell you. It is just four days away here in the united states, and while getting a gift for dad may be tricky, gift cards can provide a foolproof solution. In fact, this fathers day, get this, more than 1. 8 billion dollars is going to be spent on gift cards. Jason wolfe is the chief executive and creator of gift cards. Com. Giftcards. Com. Into the details of fathers day and what to get and what not to get, tell us the story of giftcards. Com and how jason wolfe managed to create this. In the mid1990s, i was recovering from some surgeries and i was not able to work. I created the first coupon site. I was able to build that in 2000 and sold it. During that time, i created a gift card business. Right around 2002, i bought the giftcards. Com and i has been my company ever since. To go on as people bike gift cards for a variety of retailers. Gifton and by gift cards from a variety of retailers. Give us an idea of the purchases they go on. Going to the to Grocery Store, you can get a personalized gift card for fathers day. You can get a matching greeting card. That is our biggest product. Givecards. Com is trying to be ifcards. Com is trying to be like hotels. Com. More people go to the Grocery Store and buy the brand off the shelves rather than online, however that trend is changing. Really echo why is that really, why is that . Run and wantn the to think a different times of the day. If you can buy online, it feels are the lastds product out there that have not been dominated by online for juicing. You are doing over 100 million in revenue per year . About 110r we did million and this year, we want to do 150 million. We want to continue to grow the business. Next few years, people will be buying more and more online. Bye of the estimates are 106, there will be about billion gift cards purchase in a 100 billion market. We feel position to take a bandage of that. You did use the word smile stop explain that for people who may not be able who may not know that if connected to the world of gift cards. Smile. Ry to make people we are looking at it in terms of making people happy, as opposed to just slinging plastic. Thate creating a product people are happy about and keep in their wallet. As a matter of, people keep our cards for a long time, because they can pull it out and see the photo that remind them of the gift they got. What are some of the most popular retailers . In general, the most popular retailer, as you can imagine, would be walmart, just in terms of gift cards. Best buy, target also. There are a large a lot of large, national merchants. Youre also trying to gear it towards local. A lot of people are used to whereg grocery gift cards they can get 50 to 100, but where do you go to get a local one . And how do you level the Playing Field for local merchants . We have a whole site geared toward local merchants. And do people get to propose various gift card merchants that are local . We have thousands that you can buy a web a gift card from on our website. Any local merchants that you want to buy from, if they are in our system, upload a photo to the card and you can go in and use that card at the merchant location. Thank you for joining me, jason wolfe, the chief executive and creator of giftcards. Com. To theup, i will speak founder and cto of jersey mikes. This is taking stock on bloomberg. Im pimm fox will summer just her im pimm fox. With summer just run the corner, you will want to improve your barbecue skills to impress your friends. A network of online video channels can help you cannot aimed at increasing your prowess. I am joined now by the cofounder stephen kidd. Explain how you came up with the idea of case made. About two years ago, my partners and i got excited about some big trends we were seeing in the media space, video, mobile, and social. Create a Media Company based on that, but we were also all food lovers. First World Food Network for digital platforms. And you applied some skills you pick up along the way, at yahoo for example. Tell me how that fit in. The three of us have all been working in Digital Media for 15 or more years. We have been in this space for a long time trying to find a solution for high quality creation of content for digital platforms. I was with yahoo and my partners and i were also the founders of a publicly traded yet traded Media Company called demand media. We publicly traded that in 2006. All focused on one vertical, and that was food. You have raised 15 million. Backers include red point, as well as rain ventures. What do you want to do with the money . We have set out to build this global food network, and we have found that mobile devices we have Just Launched the mobile app that allows anyone to create their own show about destinations and foods that they love directly from the app. We are investing in engineers and Building Communities of people to bring new storytellers and Leverage New Technology to create amazing video and cover the world with something that everyone is passionate about, which is food. Do you have a particular passion in the world of culinary arts . Is there some recipe that you, regular, turn to on a basis . I grew up in maine, and my parents live on a small island in maine. For me, lobster is something near and dear to my heart. Im also married to my british wife, and she brings many european, and especially british with the means to our family. There is not one. Unfortunately in our line of work and fortunately, in our line of work, you get to experience amazing culinary dishes from around the world. It is exciting and fun. Tell us about the involvement of right Ryan Seacrest. Here and ryan about a a half ago. He did a segment about us on the today show. We have gone into a Development Deal with him to think about get as made on television. He is an entrepreneur and has spent a lifetime discovering new talent. We are excited to see what we can do with him and his team. Tell us about the operating system, android and ios. Do you notice any difference among the users . We are not on android yet. That is coming very soon. But the taste made app is available on ios today. But what we are seeing that is very exciting is these new Technology Platforms are really allowing us to reach new types highorytellers that are quality. For example, we were testing some samsung devices and the quality is stunning. Toallows average people create something quite stunning, all shot in hd. In theirs them to star own show. We see creativity from every corner of the world. Thank you for joining me. Is the cofounder of taste made. Check out their new app now. Room one company to another helping to dash from one company to another helping to create the perfect meal, talking about jersey mikes. They sorted in 1976 and they have another 600 stores with another 600 plan. I am 20 by the chief executive cro. Founder peter can you have made a lot of people happy all across this newsroom with yourselves and sandwiches. How did you begin this journey . In 1956 oninal open the jersey shore. I got involved in 71 at my first job. When i was 17 and a senior in high school i was going to you were going to play college football. My dad was a banker and i thought i said i could do something, and we did. 35 years later, an overnight success. That for example, in 1987 this was not overnight or flipping a switch. You change the name, for example. And then use it to my want to go into a franchise business. We started franchising in 1987 and a lot of upanddown times through the years. 1991 was our worst recession. Today, almost closing on 800 stores. The neat thing is, we are just earning to grow with another 800 Stores Coming in the next four years. What makes jersey mikes subs different from other subs . You will have to ask the crew and the staff here. Coldt is fresh sliced stuff and fresh grilled hot stuff using highend meats and cheeses. What about the cost of all of these ingredients . Example, that beef prices have increased. Does that affect what you have to charge . Have been good. We have so many different varieties of meat. If one goes up, and we do not compromise. We have a nifty top round. We have angus beef top round. If the price goes up and we have to raise our price, people understand. What kind of money are we talking about . We started with momandpop owners like myself and those who have been in the business now and want to get their own store. But a lot of them are Restaurant Owners who are already established in the region and have different franchises, but now can not expand with that particular franchise, so they buy ours. It gives an opportunity to so more of their team. Have you heard anything more from the franchisees about the minimum wage and a debate over the increase . Let them keep debating. In different states its different. Always been ahead of that. We pay employees usually more than minimum wage to start, and actually more if they prove themselves out. The 14, 15,to hurt 16yearold kid. Employers will not look to hire the younger people, maybe senior citizens. Hopefully they will come in with something to level that out. What about geographically . Are you looking at different regions of the country echo we are expanding of the country . We are expanding nationwide. We have stores in l. A. , chicago, dallas. We are in most markets around the country. And youve got to have the favorite special sub. Roast beef, provolone, pepperoni. It did not make a main menu because it was not selling enough. It did not make the main menu . Any chance it could return . Maybe. I dont know. Thank you for joining us. , the chiefo executive and founder of jersey mikes subs. Think you for joining us. Thank you force taking stock. Im pimm fox. Live from pier 3, welcome to bloomberg west, where we cover innovation in the future of business. Intel now says that annual sales will rise for the year for the First Time Since 2011. The chipmaker also boosting not only fullyear forecast but Current Quarter revenue to 13. 7 billion. Demand for pcs has been stronger than expected. One of the reason more businesses are replacing pcs is now that microsoft has phased out support for windows xp