THE DISTILLERY: Qantas thrill

The jotters get excited about a near deal between Qantas and Emirates, and discussions about Macquarie Group's future abound.

The big news this morning is the revelation in The Australian Financial Review that Qantas is in late-stage talks with Emirates about a potential joint venture. Jotters there got the jump, of course, and they're keen to draw attention to the significance of the scoop – one commentator thinks its going to completely transform the airline. Elsewhere, there are discussions about Macquarie Group's future, and disagreement about the significance of Australia's latest inflation data.

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