Good thursday morning, happ new year jon fortt with Morgan Brennan and mike santoli live at the new york stock exchange. Carl has the morning off it is the first trading day of the month and the year stocks are rallying to kickoff 2020 fresh record highs for all major indexes. Bob pisani is with us to breakdown what could push the markets higher. What a different january 2nd makes. Remember this time last year, a year, what a difference. January 1st, last year, look whats going on, the market was pricing in earnings recession. Remember that phrase stocks were cheap. Fast forward a year. The opposite is happening. The recession didnt happen, earnings recession didnt happen, the economy is strong, stocks have gotten on the expensive side so the issue is whether we can finally return to Earnings Growth after an essentially flat year in 2019 most strategists are expecting mid Single Digits Earnings Growth which would take pressure off the higher multiple the market has now early reports fr
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
Where there is a real difference between perception and reality. That are managed by strong management teams, driven by strong purpose, where my investment, whether it is time or money, can make a real difference. I want to unpack that for a second. Really, whats misunderstood about goodwill is our mission. When i talked to most people out there, people really dont seem to understand what we stand for and why were doing what we are doing. So i think that really the best way to understand is the old story about if you catch a man of fish, he will eat for a day. If you teach them and how to fish, you will eat for life. That is what we are all about. We are all about providing Second Chances by providing jobs and training for those who have barriers to employment. Whether it is formerly incarcerated, recovering addicts , people who struggle with english as a second language, veterans, and a whole bunch of other people that really need a Second Chance. I am really proud to be part of this
This store is opening tomorrow and it is going to be beautiful. They did a great job. I want to give special thanks to the honorable mayor breed. Thank you so much for being here [cheers and applause] to the honorable willie brown. [cheers and applause] supervisor peskin, we moved from your district to your district. [laughter] i want to thank the p. U. C. , because without the p. U. C. , we would never have gotten into the building on time. Thank you to the p. U. C. [applause] i also want to thank, i will call her shelley b. B. Who is the former president of the planning commission, and aaron peskin introduced me to her and she came up to me and she said, mr. Rogers, so nice to meet you. I am 100 against your project but i have a open mind. [laughter] i said all right. And we spent three hours together. After that three hour period, she looked at me she says, i hate you and i said wise that . And she said because i am 100 for your project. [applause] i also want to thank tidewater who
March, we dont yet have a date set. We typically sap set it six weeks out. The way to volunteer is to follow our newsletter, follow us on social media, or just visit our website. We always announce it right away, and you can register very easily online. A lot of people see folks experience a homelessness in the city, and they dont know how they can help, and defence like this gives a whole bunch of people a lot of good opportunities to give back and be supported. [ ] good morning, everyone. I am william rogers, i am the president and c. E. O. Of goodwill San Francisco san mateo. [cheers and applause] [laughter] i want to welcome all of you, our friends, our supporters, our partners. We are here today to celebrate together the grand opening of goodwills stateoftheart training and career center. [cheers and applause] i wanted to take a moment to do a couple of things. Lets show a little bit of love to the retail team. [cheers and applause] this store is opening tomorrow and it is going t