Schwab Goes Free

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4.7 • 1.7K Ratings

🗓️ 1 October 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Charles Schwab tumble after the brokerage announces that it’s eliminating online trading commissions for U.S. stocks, ETFs, and options. And shares of McCormick rise after the spice maker delivers some spicy earnings. Analysts Andy Cross and Emily Flippen talk about what those stories means for investors and dip into the Fool Mailbag to talk about the future of U.S. exchange-listed Chinese companies.

Transcript

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0:00.0	It's Tuesday, October 1st.
0:03.6	Welcome to Market Foolery.
0:05.0	I'm Matt Greer, and I am joined in studio by Motley Full analyst Andy Cross and Emily Flipping.
0:10.6	How are we doing today?
0:11.8	Happy Tuesday. Happy Tuesday. doing today? Happy Tuesday.
0:13.0	Start of the new quarter.
0:15.0	Start of the new quarter and quite a start for McCormick.
0:19.0	Spicy, spicy earnings.
0:21.0	Andy, why didn't I buy this stock a long time ago?
0:24.4	I don't know.
0:25.4	You could have bought it many years over the last years.
0:27.8	I know and I still don't own it.
0:29.3	Very good money.
0:30.1	We'll talk about that.
0:31.9	We're also going to talk some China, but let's kick things off with Charles Schwab. Schwab announcing that it is eliminating online trading commissions for U.S. stocks, E.T.F. and options.
0:43.0	Now previously, trades were $4.95.
0:45.3	Starting October 7th, trades will be zero, as in free.
0:51.6	Shares of Schwab down around 9% at the time of our taping.
0:55.8	Andy, the ripple effect here, E-Trade down around 16%
1:00.4	and TD Ameritrade trade down 23%.
1:04.0	What does it all mean?
1:05.1	I will say first of all, if for all the individual investors
	...

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