90 at 9: NZ$ weaker on economic fears, while Dow rally biggest since 1938

Bernard Hickey details the key news from over the weekend in 90 seconds at 9am, including news the New Zealand dollar has slipped towards 56 USc on fears about the length of our recession, while the Dow rose again on Friday to extend its 6 week rally to the biggest since 1938. Also, US President Barack Obama is talking about putting more taxpayer money into failing banks as details emerge from stress tests. Also, a report by academic Frank Wolak shows New Zealand's big power companies are gouging profits from the wholesale electricity market.