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 Ellin joining me in studio this week for Million Dollar Portfolio

Jason Moser from Motley Fool Pro and Options Jeff Fisher and from Motley Fool Deep Value

Ron Gross. Good to see you as always gentlemen. Hey, how you do? We have got the latest

earnings from Wall Street and we will dip into the full mail bag. Best selling author,

Jason Zweig from the Wall Street Journal is our guest this week and as always we'll

give you an inside look at the stocks on our radar. But we begin this week with the big

picture for retail and it is not pretty guys. The latest quarterly results from Macy's

Nordstrom and JC Penny were a collective disappointment on Wall Street. Shares falling

across the board and he's throwing coals run and that's more than 3,000 stores across

the consumer value spectrum. I'm not trying to be nervous here but I am.

It is somewhat concerning and Macy said they all have different explanations for what's

going on but Macy's I like what they said they said listen this happens every five to

seven years in the retail industry and let's not forget retail is tough. I mean even the

best have struggles and some of them even go bankrupt and reorganize. I love what Nordstrom

had to say they said listen this wasn't about the weather it wasn't about macro it was just

there was no traffic in our stores it wasn't a merchandise thing it wasn't a seasonality

thing there was just no traffic and it happens. I think Nordstrom is probably the best suited

to whether this but they're not immune to those macro conditions. JC Penny is interestingly

probably had the best relative report because people's expectations were so low but that

didn't matter stock got sold off amongst the carnage as well.

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