In today’s edition of The Mayne Report, Stephen Mayne looks at the Nine-Fairfax merger, James Packer’s investment record and family battles, the passing of Jack Tilburn, Gerry Harvey’s capital raising scale back decision, the latest in the gambling space and some upcoming AGM action.

Last night Wall Street indexes stabilised and actually recovered a bit. Alan Kohler points out that at this juncture it was only half a correction – a fall of about 5% versus the standard definition of a correction, which is 10%. But it was a brutal couple of days, and market corrections usually go for weeks, not days, so it might not be over.

Markets were flashing red this week as James Kirby and Alan Kohler sat down to record at The Money Cafe. There was plenty to discuss about where things may be headed, as well as a bumper crop of IPOs, a potential bill for the banking royal commission, and stacks of listener questions.

This week in Talking Finance it’s all about the big sell off on Wall Street last night. To find out what happened, Alan Kohler turned to Kyle Rodda, Market Analyst at IG and Gerard Minack from Minack Advisors. There’s also economic news with Stephen Koukoulas, Managing Director of Market Economics; politics with Mark Kenny, national affairs editor for the Sydney Morning Herald and The Age; and technology with Steve Sammartino, Author & Futurist.