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

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money

radio show. I'm Chris Hell and joining me in studio this week for Million Dollar Portfolio

Jason Moser and Matt Argus Singer and for Motley Fool Deep Value Mr. Ron Gross. Good

to see you gentlemen. Hey, we have got the latest on energy travel restaurants and more.

We'll find out what makes entrepreneurs extraordinary with our guest Amy Wilkinson and as always

we're giving inside look at the stocks on our radar. But we begin this week with the world's

biggest retailer Wal-Mart's fourth quarter profits rose 12 percent but that was overshadowed

by the news that Wal-Mart is raising its minimum wage for starting employees to $9 an hour

and run higher wages. That's a good thing. Also means higher cost.

I think the best thing I could say about the quarter was for Wal-Mart not too bad. Doesn't

mean that was great. It was the best quarter in nearly two years.

Right and after you make some adjustments net income was actually up 18 percent. You had

improving customer traffic, lower gas certainly helps Wal-Mart. Holiday season was solid.

Same store sales were up which for Wal-Mart is not necessarily a given so it's really

nice to see that. But guidance for this year below expectations partly because of what

you just said. They're going to $9 per hour then to $10 per hour by February 2016 that

will add about a billion dollars worth of costs not inconsequential. Obviously Wal-Mart

can handle that but it does cause net income to come down a bit. But they're doing it

for an important reason not just because they're nice people because I quite frankly don't

know if they are. They're doing it to improve morale to improve service. It's desperately

needed in those stores and so we'll see if this bears fruit. I'm not convinced because

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