Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Full Money.

It's the Motley Full Money radio show. I'm Chris Hill joining me in studio this week.

Senior analyst Jason Moser, Emily Flippin and Andy Cros. Good to see you as always.

Hey, hey, hey, hey, hey. When you get up the latest headlines from Wall Street,

we will dip into the full mail bag and as always we'll give an inside look at the stocks on our radar.

But we begin with a big shake up in the brokerage industry.

This week Schwab announced it is cutting trading commissions for US stocks and ETFs to zero.

TD Ameritrade and E-trade followed suit later in the week and Andy worth pointing out all three stocks fell double digits.

Yeah, tough week for shareholders. Great week for clients though.

If you are an investor that uses one of those services, trading costs will dramatically lower.

Don't over trade. Don't use that as an excuse to over trade through Motley Full Principles.

But clearly impactful to some of these companies Schwab, only about three or four percent of their revenues are tied to commissions.

Chris, but when you look at E-trade and TD Ameritrade, much more significant, 17 to 25 percent of their revenues tied to commissions.

So much more impactful there and that's why the stocks really took a hit this year.

I think that we've been seeing this. We've been seeing commission costs over the last two decades.

I think my first stock that I bought the trading costs were somewhere like in the 50 to 60 bucks or something.

Ridiculous. Emily looks at me like, oh my god.

I take your image right. Any shoe.

I remember the $50 commission.

So you had to pay, call your broker all that. So clearly removing in the right direction, interactive brokers,

which was really driving the commission, cause so much lower. And last week announced that they were going even lower through their interactive broker light initiative.

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