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

From full global headquarters, this is Motley Full Money.

Welcome to Motley Full Money. Thanks for being here.

I'm your host, Crisell, joining me in studio this week for Motley Full Asset Management.

Tim Hansen and for Million Dollar Portfolio, Charlie Travers and Ron Gross.

Good to see you, Gents. How you doing, Chris?

We're going to talk retail, smartphones and two billionaires having a slap fight that we just can't look away from.

We've also got bestselling author and radio host Clark Howard.

And as always, we've got a few stocks on our radar.

But let's start with the retail. Tough quarterly results this week from big names like Macy's and Nordstrom and Charlie,

even the biggest retailer of them all, Walmart.

How bad is it out there? If you just look at this week, it's looking pretty bad for retail.

It looks soft but not horrible.

Yeah. And across the board, as you mentioned,

Coles, Macy's, Nordstrom, Walmart all pulled down their full-year guidance due to soft retail spending,

at least in the kind of products. These guys are all selling, which is clothes and staples kind of stuff.

But it's not really catastrophic. Walmart's comms were down 0.3%.

That's slightly worse than what they thought they would do at the end of Q1.

But let's take a step back here. They're still going to earn over $5 a share this year.

That's pretty good, a very high cash flow business.

We're not talking about some of the drags of retail like JC Penney or Sears.

These are all companies that, for the most part, are doing well, even though things are a little weak.

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