Fortescue’s big fall, job ad numbers disappoint and rates in focus. Scott Phillips on Nine’s Late News

Fortescue shareholders, including Twiggy Forrest, are to enjoy a massive payday which explained the fall in the Fortescue share price on Monday.

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Motley Fool Chief Investment Officer Scott Phillips on nine news

Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss the big fall in the Fortescue Metals Group Limited (ASX: FMG) share price, the disappointing job ads figures, a market update from Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and a look ahead to Tuesday’s interest rates decision.

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Motley Fool contributor Scott Phillips owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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