Watch video on Youtube here. Watch video on our video page here. Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that Rodney Hide has let slip at a breakfast function that John Key is the 'do nothing' Prime Minister when it comes to reform. Nothing except the cycleway. This is embarrassing for Hide but says what many privately think inside the government. Meanwhile, NZ unemployment stats will be out at 10.45am. They are likely to show the jobless rate rose to 6.3% from 6% and are on track for a 7% peak, below the government's original predictions of a 8% peak, but also above Australia's expected peak of 6.75%. Also, Reserve Bank of New Zealand Governor Alan Bollard will talk around 1pm today about the differences between the NZ and Australian economies. Meanwhile, gold hit a record US$1,095/oz overnight on a weaker US dollar and on India buying gold. A statement from the US Federal Reserve will also be watched closely for signs it is about to slow or stop its money printing.
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