Pirates are on board. Today is a big day in the history of business. The mac computer turns 30 years old. Steve jobs unveiled the first macintosh computer on this day in 1984. It essentially began the modern era of the pc, which is going through a bit of a crisis right now. It is knows the price apples growth comes mostly from mobile devices. It is worth a few seconds of your time to look back at our old friend mac. Time, i, for the first would like to show you macintosh in person. Hello. I am macintosh. [applause] that is what a computer is to meet, the equivalent of a bicycle for our minds. Sell the first sales drop in 10 years for the mac. 10 years ago, it made it made up nearly 60 of apple revenue. Today, 12 . That might play as much to the fact that a lot of people by iphones and ipads as much as it does to fewer people buying pcs. Global pc shipments fell 10 last year. Reason why lenovo decided to buy the ibm server unit to expand into other businesses. From a commercial perspective, we are number one in commercial. A lot of our customers have asked us to expand our portfolio. We areves the customers targeting the opportunity to have a bigger portfolio. No string to the shifting computer market. He just took his Company Private to get away from the scrutinizing eye of the investor. The hardware part is still an important part. Value is shifting to new areas Like Services and software. These are areas where we have invested tremendously. We have done 30 acquisitions in five years. We have built a 21 billion Enterprise Business in these areas. As a private company, we are intending to focus more on those areas. Says therprising, dell death of the pc has been greatly exaggerated. The death of the pc has been talked about a lot. It turns out there are still one million of these devices sold every day. Are you kidding . This has been hugely successful in india. Differentiate . What is the distinction of this product versus a more highend apple or microsoft . Powered tablet business is taking off in 2013. It doubled from the second to third quarter. It doubled again second and third, third to fourth tripled. There is differentiation in product and services. How tol issue is integrate this securely into a companys operations. Make it work. Not just about the product. It is about software and services and understanding how it works within a company to make people more productive. Part of being private, you will try to shift the lions share of your revenue to Software Services or will you still be thought of primarily as a Hardware Company in five years . To see our love other businesses grow that fast. We still have a substantial business in hardware. I will tell you, it is a Good Business for us. It is a Great Foundation for us to build relationships with customers. Entree into systems management and security. We are entering the data economy. Microsoft appears to be doing something right. It posted record sales in the final quarter of 2013. Onele are scooping up xbox and cloud software. Windows for the pc is used on most Office Computers on the planet. The cfo says the pc market is stabilizing. Apple is still cranking out mac pros. The Company Released this cool video to showcase its production in the usa. Times have changed a lot since 1984. Steve jobs and apple are a big reason why. We will be right back. Forum World Economic annual meeting is all about business, especially when it involves booze an strobe lights. This was the rage are at the epicenter of partying. Mckenzie holds the party every year. People look like they are having a lot of fun. Last night, jon stewart called ist happens at davos congratulatory excess. If anyone got skewered the most, it is the banks. People blame the big Financial Institutions for the financial crisis. The people in charge know that. Here is their side of the story. We will be in the penalty box. Why not . It was a big trauma. There were a lot of causes. One has to be poor risk banks. Ts made by certain to the extent banks were getting a lot of benefits from their good risk management, and it turned out to be flawed, it is fair you pay some price and reputation when it does not go well. This is the most damaging financial crisis since the depression and maybe before that. With all the home foreclosures, bank failures, and the impact it had on the global economy, it was devastating. It will take a long time to recover their trust. It is not surprising. It is a slow recovery. Consumption is in low gear. It would be hard to expect this recovery to look like any other. It will be more slow. The purpose of a Financial Institution is to help customers and clients live their lives. We have done everything we can to narrow the framework of the business. As we continue the compliance and risk infrastructure we have been building on, a think you will not find those things repeat. We are still in the process of cleaning it up. We can make all the technocratic changes you like, but we have to change the culture in banking institutions. That is what we are very focused on at barclays. Culture change takes a long time. What i require of the organization is steady progress in building the right culture and rebuilding trust in the institution. We have gone three significant transformation of our company taking it back to its roots of being a global bank and the things that come with that and what we can do on behalf of our customers and clients. The exit of the Asset Management business, a lot of things we should as part of shed of Citi Holdings did not fit with who we are and who we want to be. Outside the corporate world, there is a parade of political leaders. Christine lagarde sat down with francine lacqua. She had advice for ceos. Ring women to the table and celebrate them and encourage them. Mentor and help them. You will do good to your companys. Wherever you can incentivize innovation and create jobs, go for it is there something in our dna that has changed because of the crisis . For the better. Being im thinking of the old greek principles of balance, measure, fighting against excesses, illuminating abuses eliminating abuses. If we have not learned that on the occasion of the crisis, it is a pity. Have we learned something . The future will tell. We had better have. I think we have. British Prime MinisterDavid Cameron also making the rounds. He is there for the same reason irans leader is there. It is because he wants people to give him money. It is hugely important. In the first six month of last year, britain was the most popular destination for Foreign Investment anywhere in the world. One of britains great advantages is we are not embarrassed we have chinese investment. We are not embarrassed indian capital is building up the company. Were proud of that. I have been meeting with Business Leaders looking at written and bringing jobs and investment and will to our country. Having a country that says we welcome your investment into our infrastructure gives britain a great competitive advantage. After business is done, it is time to unplug. Hans nichols spent the cocktail hour with a network or to learn the finer points of working a room. Im david jones, the cofounder of one young world. Up until two weeks ago, i was the only british ceo. The main reason i come here is you can see in one day more people you would love to get to see a cross a year. Nobody feels like we have to do half an hour of polite conversation. About the apologies fact that in a 15minute meeting you can both get what you want. You can spend half of your life ues. Ue do not bother checking your coat. I can tweak it and she will not be phased by that. Other people are less comfortable. It is about knowing people. It is nonstop events and parties. A lot of work during the day. Everyone stays up too late, has too much to drink, and has to get up early the following morning. It is not all partying in davos. Goldie hawn invites you to take time out. Classes foring yoga stressed executives. We asked executives for the best tips on managing stress. Foro you have any tips stressed managers . Just having fun. You are engaged with great people. There is opportunity. It is interesting. It is stimulating. It is worth the slight stress for the positive experience of having the privilege of running these large businesses. Do what you like. If you do what you like, you will do fine. Spend time with the family and people you love. Sometimes i feel stressed. It seems a bit of an indulgence when you realize how lucky you are. You have got to have things outside of work. The work cannot consume every minute of your life. You see it when you come to work with a healthy attitude, when you have other interests, when you get exercise, it clears your head. Back at home, we are tapping ceos for wisdom. Like what surprised them when they made it to the top. Richard shermans agent tells us how he is handling a viral and lucrative situation next in sports. Before break, it is the worlds best chess player versus the worlds richest man. In this clip comes to us from television. At nrk the match did not take long. Here it is in the raw. [laughter] [laughter] [laughter] [laughter] that was quick. [applause] leadership. Cused on betty liu is out with a new book on what ceos say you need to know on what how to get ahead. This week, the biggest names in business answer different question each day. Today, what surprised the most when they became ceo. How muched time wasted time there is being a public company. It is easier when you are private. How many constituents you have got. To differentdapt levels of sophistication and at , present Morgan Stanley so each constituency understands our role in what we are doing to help our clients. Every move is scrutinized. You have to be on all the time. Another ceo transformed a hotdog cart into a global fast food chain. What surprised him about becoming a ceo . I think the Biggest Surprise is it started with a hotdog cart in Madison Square garden with no intention of being more than that. The fact that we opened our 41st restaurant in boston a few weeks ago, the scale we have been able to achieve, the way people associate with it has been a blessing and surprise. The biggest thing you have learned . Stay true to what started this thing. The bigger we get, the smaller we need to act as a company. That means looking back and saying, would we make the same decision today we had when we had one . If we do, that will guarantee our success. The biggest mistake you made and how did you recover . One of the biggest is early on, we started to grow fast and go to some communities before we were ready. York, we went to a community and learned that community was not ready for the lines and big building of shake shack to be there. We pulled out of the deal. It was an early mistake that weght us about the way connect with our communities through charitable efforts. You can watch all of betty lius interviews with Global Leaders on how to get ahead on bloomberg. Com tv. House Speaker John Boehner gets a few laughs on latenight t. V. We will hear what is so funny about partisan politics next. Bay for getting michael the new pirate show. We will will hear about what makes content cell. It is 26 past the hour. Markets are continuing to deteriorate as we continue. Off by 120 points. The s p is trading around the lows of the session. The nasdaq is the biggest loser down almost 1. 5 . The equity strategist said this appears to be the correction we have been waiting for. He is expecting perhaps a drop of up to 7 . We are back on the markets in 30 minutes. This is lunch money. On Bloomberg Television, streaming on your phone, your tablet, and bloomberg. Com. You can also see is on your tablet and smartphone area i am matt miller. The video is the story a break in the lufthansa heist more than 30 years after a hooded gunman pulled 6 million airport heist dramatized in the movie good fellas. An elderly man was arrested at his home in connection with the crimes. Entry of theo defendants were charged with murder, robbery, extortion, arson and other crimes from this late 1960s through late last year. They were famous mobsters to begin with. Antigovernment protesters stormed a key government building in the city of turhiphill ukraine. Protesters in ukraine have occupied the offices of key government buildings in five western cities. The demonstrations began two months ago after yanukovich ditch and Association Agreement with the eu in favor of a bailout loan from russia. Adal beats roger fedor in the Australian Open to advance to the final. He will face another swiss surprise finalist and number eight seed. In sundays final. D in politics, lets go back toavos where majority leader eric cantor discussed what leaders there are expecting from washington, d. C. Can america get its fiscal situation straight . We know weve got to do something about the fiscal situation. The democrats six days the demographics on the Health Care Structure is you have to change the entitlements. Is it realistic to do that . Administration demonstrated that a want to do that. What is your game plan . We all want to grow the economy. We grow it and that means more jobs and upward mobility. There are things that we have in common with the president like skills. He has talked about the need to close the opportunity gap. We passed the skills act. That is something he should embrace. There are plenty of things we can work on together like regulatory relief. We are asking for some cost benefit analysis and the way that washington promulgates regulations. That is a good thing for growth. House speakerjohn behner talked bipartisanship. Speaker of the house, john boehner. [applause] this gop infighting, is this the worst you have ever seen it . No, maybe it is. [laughter] its bad. The funny thing about the so called infighting is that we agree on all the goals. We think obama care is bad for the country, we think we should not spend more than what we bring in, we think the president is ignoring the loss. Its all a fight over tactics, its not over what our goals are. Mitt romney, the documentary mitt premieres on netflix tonight. It follows him and his family from his primary bid to his 2012 residential loss. What would you say in a concession speech . I will read what i have here. I wish all of them well. Thanks to the first lady and her daughters. I hope they will be successful in guiding the nation. Should i slice that . Viewers are likely to learn a lot about the otherwise private mr. Romeny. Heres what else can this documentary you saw this more human side of him. You also saw a little bit of his reticence in terms of his wanting to be a candidate. Because the staff was eliminated from this documentary film, you got to see the candidate and his family. I think you got to like him a little bit more but im not sure he really felt he wanted this. It look like this is something he was driving for or has pushed. You are running the Opposition Campaign at the time did you know there was a different met romney out there that you might have been afraid of had he been able to committee k to the public that personality . I think it was his positions that cost him the presidency and middleclass voters thought president obama was more in line with their thinking. You are in a political war fighting to the death to win. You have respect for the other side because a president ial campaign is a grueling thing. That moment you just showed is what you driven a campaign, calling your opponent to concede. Your hat to him because you know what they went through. There are obstacle courses and you feel for them because these are tough things, tough on your family. I will watch it with great interest. I doubt there will be a mitt 16 bandwagon. The 20 16th republican contenders were handicapped and mitt romney was listed as number 10. He says the movie could provide a catalyst. There is a sense he could turn some key states he narrowly lost last time around. He can raise a lot of money very quickly. We get swept up in these moments. A few months from now, i dont think anyone will be talking about mitt romney. He has said himself he has run his last race and i think he means it. These things are hard to do twice in a row. The documentary is now available for streaming on netflix. Video, theviral Richard Sherman manager tells us about his future. The super bowl of squash is being played in Grand Central terminal. The number one ranked player tells us about committing competing of that iconic building next in sports. Holthreis wonria the world cup in italy. She was overall champion in 2011 at sets the pace for the blistering time of one minute, 17. 84 seconds. This is lunch money, on Bloomberg Television, streaming on your phone, your tablet, and bloomberg. Com. And available on your tablet and smartphone. In sports, after the Seattle Seahawks beat the San Francisco advance to the super bowl, sunday, the seahawks cornerback Richard Sherman went on a fiery rant about his rivalry with the 49ers wide receivable wide receiver michael crabtree. [inaudible] result youre going to get. Dont you ever talk about me. How is this being received and will it impact the potential sponsorships . We asked his marketing manager. The perception immediately following the game was that there is was a bad there was a lot of outcry from the public. People have to understand the switch that it takes a lot of these players to play at such a high level. It is a championship level to put your team the super bowl is not something that is a late blips on and off. There is a reason why the league usually has a 1530 minute cool off. Before there is an immediate interview. When you look at the timeline if crabtree does advance to ther not shove him in the face, do we get that reaction . That set him off more. It led to emotions taking over. How do you market an athlete in the middle of a storm like this . We have been telling that story all season long. You look at richards body of work it is a Great Success story . Its amazing what he has been able to a compass from a diversity standpoint. You look at some of the greatest athletes to play this game like ray lewis for it he was a beast on the field but off the field, he is an incredible guide. There is a switch that goes on and off for these players to play. Brands are loving this right now. The feedback im getting i have a couple of brands that were questionable they have come that hend are realizing is trending in poland, come on. What about in the case of a tiger woods where people are not responding so positively . Deal after hise scandal. Dennis rodman always seems to have a challenge getting sponsors and now he is in rehab. Scandal and at least does not necessarily work well together in terms of ad dollars,. Everyone of those contracts is language that allows them to get out of an agreement. The most common conversation among brand managers is that they will put millions of dollars behind this athlete and i dont know if they will cheat on their wife or raped some girl or killed dogs and that is real talk. Thats also the biggest tie knot i have ever seen. To the superon bowl of squash where people dress more conservatively. The jpmorgan turman of champions, it brings the best squash players together to compete in the Grand Central terminal in new york and we sat down with a threetime world champion, nick matthew, who spoke about how he got bigname sponsors. I think the venue speaks for itself. You see squash tournament around the world that have grass courts in front of the pier mids in cairo or on the harbor in hong kong or Grand Central station in new york and they are iconic venues. Amazing theing jpmorgan is getting behind it. You can also make some money. I have seen you working out. You know how tough it is, the training behind the scenes. It is top so its a privilege to play in these venues on that sort of stage and at the platform. When did you start . I started at eight years old and im now 33 years old. You got a few more years. You did discrete squash, a program where you take it to the inner city and give them tutors and teach them how to play squash and get them to college. Its a great program. Theyve got street squash, city squash an amazing open programs around the country. America is leading the world in terms of getting underprivileged kids into sports and squash is amazing. The kids are so inspired to see the game. What do you tell these kids . I tell him get to Grand Central and be inspired and hopefully they can go on that court themselves. Street squash is an Amazing Program in harlem. Definitely check it out. Nick was knocked out of the turman at out of the turman on tuesday. The final round is held tonight at Grand Central right here in new york city. Starz is set to start a new program this weekend and a bigwig movie maker, michael bay, maybe he will do well here. We will get a behind the scenes look at the new show black sales next. A big weekend coming up for your television screen. Thing,ics is not your i, frankenstein comes out tonight. Eckhart plays frankenstein. Starz is premiering a new show called black sails. Michael bay is behind that in the two top actors stop by us to talk about it. It feels more like a western. We are looking at the Historical Context in getting back to what the reallife pirate lifestyle would have been like. Also, the economic mechanism. Once you attack a merchant ship, you get the booty and what do you do to make money out of that . Thats where you come in. Tell us about the overall story. Prequel to treasure island. We are looking at the island and the town of nassau. Takes and pirate goods and sells it back to merchant ships. It looks at the way in which piracy worked as an economy and looking at how colonialization and piracy were running alongside each other. Hbo and amc are changing the way we watch stuff with interviewing and stories told over eight onehour episodes. Enacting terms it is fantastic because you get to take a character and go on this enormous journey with them. In movies, you have a short. Of time to tell a story. You have very stereotypical characters like good guys and bad guys and Love Interest where in this come you can tell these incredibly complex stories through complex characters. Know when is a hero and no one is a villain, everyone is in a gray area. Fall in love of the character and you realize they have to be despicable to survive. Its an interesting story and i think it will challenge viewers. You will be able to watch is announcing lebron james and curtis jackson. Ceo on thearz collaboration. It was an idea of his that he developed. It with an african woman writer, the first black female writer for Mainstream Television that came with a great idea. We have been edited and something in that world but it is a universal story in the sense that it is about be careful what you wish for, you create a life for yourself and you get what you think what you want and you realize it is not what you want and you try to re create yourself as Something Else and its not so easy. The people you think of the right ones for you to be totally the wrong ones for you. It is a starcrossed love story. There is a lot of action. Jamest about lebron getting into comedy . You guys are working on a show. He partnered himself with some pretty impressive people. I thought i was not that interested in comedy but i would sit down and made this guy. I listen to the idea and i thought we will do this. We developed it and its based on loosely based on their own experience of coming out of the ghborhood the projects and finding success and at the same time feeling like you want to give back and having a lot of people who are trying to come along and hitch themselves to your wagon. Yet, realizing your Worst Nightmare is to find yourself falling back there and knowing you have to protect your future. Watchyoure not going to frankenstein or black sails, at least you got the super bowl coming up. At least one point 25 billion chicken wings 1. 20 5 billion chicken wings will be consumed super bowl weekend. It is 56 past the hour in a means Bloomberg Television is on the markets lets talk about what stocks are doing because we are seeing a big drop for the second straight day. Not go seen the market much anywhere thus far in 2014. This is the first time we have seen this magnitude of a pullback especially on two consecutive ways and it has to do with overseas. It emerging markets are plunging around the globe and their currencies are troubled. We are talking about devaluation of the argentine peso and all of that is feeding back to u. S. Stocks. Kansasecline as well for city southern, shares of the rail operator fallen the most in 14 years but its fourthquarter profit fell sure of analyst estimates. Net income gamble fell 16 in the Second Quarter but it topped analyst estimates as the worlds Larger Consumer goods maker. Emerging markets sales rose. You may not have realized it but it is over a week away to the super bowl and the big game is about the broncos, the seahawks, and chicken wings. Americans are expected to eat 12. 60 5 billion chicken wings on game day and they can eat more for less this year. Here is our queen of wings. I dont even like wings. I know a lot about them. This is the 15th anniversary of the first ever this is the 50th anniversary of the first ever buffalo wing. For restaurants, 75 of the wings you eat on super bowl sunday, and restaurants. If you look at Buffalo Wild Wings, they dont disclose the revenue but quarter on quarter, sales rise five percent from the Fourth Quarter to the first quarter. They estimate that each Buffalo Wild Wings store does 9000 dollars in sales per day and on the big game day, you can double that or more. I guess people are taking those wings home . I dont know the information but i would think they take them home. If you are in a restaurant or bar, you are staying there. There is competition this year because the tristate area, mcdonalds will be selling off a low wings. Buffalo wings. They have 10 Million Pounds of wings to offload. How about wing pricing . Pretty cheap for good they are the lowest price since 2011. That has created a lot of Margin Health for Companies LikeBuffalo Wild Wings. They pay 1. 20 per pound right now versus over two dollars last year during the super bowl. Wings make up about 20 of their food will of their total food costs. You are an expert not only on wings but on wing size. This is important. What do you dip your wings in . The National CouncilAssociation Says that ranch is the number one side for wild wings in the country. But intwo is barbecue the northeast, its actually blue cheese. Maybe the wings in the northeast are of the buffalo variety, the traditional ones. As you see these chicken wing prices go down, the restaurants that wind up selling them can do more fun stuff with them. They can add on things like peppers, bacon, they can do at odds because the wings are so cheap. We have heard of stores perhaps offering wings for free if you buy a bucket of beer. They can offer those promotions because they can afford to. Thats where the big take away from the super bowl, it costs about five percent less this year. It sounds like it would be messy with bacon and peppers. I dont know about it but im not the person to ask. Thank you so much, so delicious. On the markets we will be backon the markets in 30 minutes bloomberg west is next. He live from pier three in San Francisco, welcome to the Early Edition of bloomberg west, where we cover the companies shaping our world. Im emily chang. At t is the death star. That is tmobiles latest jab at the competition