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 this week for

Million Dollar Portfolio Jason Moser for Motley Full Pro and Options Jeff Fisher

and for Motley Full Deep Value Ron Gross. Good to see you.

Is always gentleman. Hey, ladies.

We are not in studio. We are in front of a live audience here.

A Motley Full Global Headquarters.

We've got the latest earnings from Wall Street. We will dip into the full mail bag

and as always we'll give you an inside look at the stocks on our radar.

But we begin this week with Walmart. The retail giant does not report third quarter earnings for another month.

But CEO Doug McMillan lowered expectations for the rest of this fiscal year

and all of next fiscal year and Walmart's stock suffered its biggest one day drop in 20 years.

Ron Gross, how bad is this? Have you ever had a bad day to the tune of $21 billion?

No.

Because that's the day that Walmart had on Wednesday. And as you said, not even an earnings announcement.

It was at an analyst day where they said, hey, no sales growth this year and our profits will be down 6 to 12% next year.

And we're going to be spending billions and billions of dollars on e-commerce to compete with the likes of folks like Amazon.

We're going to be paying higher wages which I actually applaud to the tune of 1 billion this year and other 1.5 billion next year.

And we're going to also be spending to improve our stores because a lot of them are quite frankly a mess.

So investors didn't like any of that. Shave $21 billion off the company's market cap and company has its work cut out for it.

Jason, it's the largest private employer in the United States. So of course the higher wages are going to hit them.

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