Travel soars, ANZ falters, Magellan sinks. Scott Phillips on Nine's Late News

Travel shares were the big winners on Monday, but it was a day of disappointment for ANZ and Magellan shareholders.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine's Late News on Monday night to discuss the big jump in travel industry shares on the back of the Prime Minister's announcement, the Australia and New Zealand Banking Group Ltd (ASX: ANZ) profit squeeze, and more pain for shareholders of Magellan Financial Group Ltd (ASX: MFG).

Motley Fool contributor Scott Phillips owns Corporate Travel Management Limited and Webjet Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended Helloworld Limited. The Motley Fool Australia owns and has recommended Helloworld Limited. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. 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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