US GDP, Nine eats Fairfax, Investment fees, new Macquarie CEO, AMP, Trade Truce, and more

This morning Alan starts by looking at the formidable US GDP figure that came out: 4.1%! What a result! But while Trump called the pace "very sustainable," Wall Street fell. Just where is the US economy headed? Back on the home front and the Nine-Fairfax deal starts us off. Alan has spent 26 years working for Fairfax, including six as editor of two newspapers, and has a few thoughts on what happens now after Nine's acquisition, but a spoiler: Alan doesn't think Nine is worth owning. Alan has followed up Darren McShane's ASIC report on financial advisor fees, starting by wondering how he didn't interview a single participant who is a consumer. More on that inside. Alan also have some thoughts on Macquarie's new CEO, the continuing mire that AMP finds it in, and is the Trump-Juncker trade truce really a sign of things to come for the US and Europe, and a zero-tariff existence together. Can peace break out?

Last Night's Markets
US GDP
Nine eats Fairfax
Investment fees
Macquarie and Shemara Wikramanayake
AMP
Trade Truce
Listed Investment Companies
Research and Diversions
Facebook Live
Next Week
Last Week

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