The Hays Advantage Podcast
Kathleen Hays with co-host Vonnie Quinn covers business stories with top-tier guests.
Hosted by Kathleen Hays and Vonnie Quinn
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Miller Tabak’s Maley Says Putin Concern Curbed Stocks (Audio)
May 2, 2014
Matt Maley, equity strategist at Miller Tabak & Co. LLC, says the move higher today in U.S. stocks, after news of a 288,000 rise in April non-farm payrolls, stalled and then reversed on concern that Kiev’s push back against Vladimir Putin could spur the Russian president to send troops into eastern Ukraine. Maley speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Red Bull Academy’s Ameri on Genesis of NYC Festival (Audio)
May 2, 2014
Many Ameri, co-founder of the Red Bull Music Academy, explains the genesis of the Red Bull Music Festival, which kicked off last night in New York City and will now be held here every year in early May. He highlighted several events to be held over the next two weeks, including an exhibit featuring 101 drum machines used by the likes of Blondie and Anthrax in some of their most famous recordings. Ameri speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Barretto Urges SMEs to Attend Small Business Summit (Audio)
May 2, 2014
Hector Barretto, chairman of The Latino Coalition & the former US Small Business Administration Administrator under President George W. Bush, says small businesses need more customers. Barretto says small businesses are reluctant to take on more debt until there’s more certainty about future demand. Barretto says small businesses are also making efforts to lower their costs on energy, taxes and regulations. The Latino Coalition’s Small Business Summit takes place June 11-13, 2014. Barretto speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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RBS’s O’Donnell Says Ukraine Concern Trumped Jobs Rise (Audio)
May 2, 2014
Bill O’Donnell, head of U.S. Treasury Strategy at RBS, says the rise in bond yields that occurred after the release of a larger-than-forecast 288,000 increase in U.S. April non-farm payrolls reversed as traders turned their focus to the latest news out of Ukraine, which fuelled concern Russian president Vladimir Putin will send troops into the nation’s east. O’Donnell does not see signs in the latest jobs report of rising wages and higher inflation which would push bond yields higher now. O’Donnell speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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DOL’s Perez Says More Must Be Done to Aid Unemployed (Audio)
May 2, 2014
U.S. Labor Secretary Thomas Perez says the April employment report, including a larger-than-forecast gain of 288,000 in non-farm payrolls, shows that the steady recovery in the labor market from the depths of the recent recession continues. But he says much more needs to be done to help the long-term unemployed, from supporting the community colleges in developing targeted training programs, to implementing immigration reforms which he says would create more consumer demand and spur companies to hire more workers. Perez speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Silvia, O’Keefe on Young, Unskilled Labor Participation (Audio)
May 2, 2014
John Silvia, managing director and chief economist at Wells Fargo Securities LLC, and Patrick O’Keefe, director of economic research at CohnReznick LLP and a former deputy assistant secretary at the U.S. Department of Labor, offer reasons for the drop in the labor participation rate in April. Silvia says the falling participation rate is not being driven by older workers on the cusp of retirement now but instead by young, unskilled workers who are falling out of the labor force. O’Keefe says the “reservation wage” for young workers, i.e., the wage that is high enough to entice them to take jobs, may not be higher than the value of all the benefits they receive from the government, from unemployment to other kinds of assistance, so that they cannot afford to take available jobs. They speak with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Manpower’s Prising Says Labor Market Yet To Boost Pace (Audio)
May 2, 2014
Jonas Prising, chief executive officer of Milwaukee-based Manpowergroup Inc., says Manpower has been seeing some wage inflation in certain segments of the labor market such as information technology, where it remains difficult to find talent. Prising says the biggest sign of optimism he sees among employers is that the economic recovery is broad based, even if slack in the labor market is holding average wages stagnant. Prising speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Horseplayers’s Rotondo, Davis on Bets, Kentucky Derby (Audio)
May 1, 2014
Peter Rotondo Sr. and Lee Davis, discuss how they came to be stars of the reality show, “Horseplayers” on Esquire TV, where they make up “Team Rotondo” along with Peter’s son, Peter Rotondo Jr.. They recount how and why they went from currency trading to betting successfully on horses. They discuss the Twinspires.com Horse Player’s Derby Duel which pits their ability to pick the winners in the Kentucky Derby and the Kentucky Oaks against “Team Champs” National Handicapping Championship winners, Michael Beychok and John Conte. Rotondo and Davis speak with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Greenwood’s Todd Sees S&P; Reaching 2,000 in 2014 (Audio)
May 1, 2014
Walter Todd, chief investment officer at Greenwood Capital Associates LLC in Greenwood, South Carolina, says churn in the market out of momentum stocks and into value is healthy, but those areas providing leadership, utilities for example, will not take the market to new highs. Todd recommends focusing on economically-sensitive versus defensive stocks. Todd likes industrials, financials, and energy, because of what he sees as an impending significant bounce-back in economic activity through the rest of the year. Todd speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
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Rejuvenan’s Nazem Says Diet Not Drugs Key to Health (Audio)
May 1, 2014
Fred Nazem, founder and managing partner at Nazem and Company, discusses his vision for a new system of healthcare based on preventing the epidemic of chronic diseases like diabetes and heart disease with changes in diet and exercise instead relying mainly on drugs. He says this is the basic model upon which he founded his company, Rejuvenan Global Health, aided by Chief of Nutritional Medicine, Dr. Joel Fuhrmann, author of “The End of Diabetes” and Super Immunity.” Nazem speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.