Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with BNZ, including news the oil price fell overnight to US$75/bbl after signs that US inventories are rising because of the slowing economy.
Wall Street stocks were flat, although futures prices fell sharply after the close.
The New Zealand dollar was steady around 71.3 USc.
Meanwhile, General Motors has filed papers for its Initial Public Offering or stock market float in another sign the formerly bankrupt car maker is recovering.
Once the world's biggest, it has trimmed down under government ownership and is now looking to get back into private hands.
Also overseas, Goldman Sachs has forecast China's economy could be bigger than the US economy by 2027, much earlier than expected, as long as it continues growing at its breakneck pace.
Its shares fell more than 30%.