. >> reporter: the quake moved for kiwis when a 7.2 magnitude quake struck. but then they were dealing with the aftershock that their country moved closer to australia. >> that's a bit too close. you want to go further away. i wouldn't trust those australians. >> reporter: the quake was the largest to hit new zealand in almost 80 years. scientists say the tremors twisted the south island and shove the country's most wistfully fought point 40 centimeters nearer to australia. >> there's a lot of excitement about the fact that we're getting closer to australia. but we have been getting closer to australia for a long time. >> reporter: new zealand usually only moves about 3 1/2 centimeters in a year but in a matter of seconds, this quake has shoved this tiny town 10 centimeters towards australia. the bluff down the south island moved 3 centimeters and down east on the east coast, has been knowledged a september meter. scientists say the tremor affected the alpine fault, which lies 50 kilometers offshore and another big quake could occur at any time. >> at some pa

the kiwi is very tenacious. it looks absolutely awful when it's sitting on support, yet in the next day, it's down two or three cents. at the moment, i have to say a likelihood is we'll see 0.6194 probably will hold and on the top side, it seems to struggle at 0.65, which it's not far away from at the moment. >> it's tenacious, like you said yourself, sam. look, you could probably look at any currency pair at the moment and the charts would all look the same, right?t? they'll just be in these ranges. how long could we -- i mean, how long conceivably can you trade at these ranges? >> what they do general lead to is a major breakout. and we've seen that. we've seen where the market shoots up and trades sideways. as it starts falling on the downside, then it flips the scenario more over back to where we were. >> there is some point and there is coming, and we don't know when, but sometime in the next few months, there will be a major change somewhere and a lot of people get on the bandwagon, right? >> i would be su

. >> >> it's interesting given there's strength and weakness about the kiwi dollar.hey've very much relied on ex ports and primary ex ports.s. there's a point about the soft commodities which they produce. it tends to get bundled in with the aussie dollar. so the new zealand dollar has gone through the roof based on the back of the aussie dollar. justification simply isn't near. the yield is less than australia, as well. so i think there's a clear indication to the market he's not happy with the kiwi at these levels and if the kiwi continues to be strong, they will cut interest rates in new zealand to push it lower.r. >> sam, this is christine. do you think that new zealand might cut its interest rates, over in australia, it seems inflation is stronger. do you think the rba australia will be the first in the world to get rates up? >> personally, i don't, no. i don't think they will hike rates in australia for a while. i see that obviously the data coming out of australia is quite phenomenal. retail sales, the figures coming out, are very, very encouraging. however, w

they didn't become a banana republic they became a kiwi republic because kiwis were in short supply.hey created a completely sealed off federal bank and a group of advisors who were tasked with one job only which is to keep the rate of inflations within certain targets and the head of the central bank was rewarded financially if he met those targets and he was penalized if he failed to meet those targets. a simple, simple mission, a simple set of rules and a simple set of inflations to put those in place in and new zealand has procespered as well. i'm not saying it's a monster but what are you going to replace it with. now, ronald reagan who was a follower of the austrian school of economics had some interesting debates when he was in the white house with his private advisors about the fed and he always would end these discussions with, well, show me how to get from here to there and we can talk about it. until then, i think we should recognize that while the fed creates uncertainty, having a debate about abolishing the fed without having a clear idea of what's going to replace it cr

some kiwis are excited abt beingearer to their neighbors. >> i'm not bhered by that. they're n thatbad. reporter: so those more concernedake comfo in the fact there's ill more than 2,000 kilometers of sea sepating the two countries kerri richie, abc new auklan >> a uly movng story. >>> tt's "worldfocus" for this thursday. a reminder to visitur webte at worldfocus.g. you can weig in on the topics for tomorr's rondtable. dan rather, by the way, will be joining us for that. i'martin savidge in new york. aalways, thank you for joining us. will look for y back he again tomorw and any time on theweb. in the meante, have a good ght. martha je friedrich values her independence. i always wted to be my own boss. so i started two home businees which enable me to stahome and take care of aunt rginia. who's almost 9years old. martha jane'generosity extends beyond her family. fe is more than work. life a value. and i think 's important for me to ve to the generations th come after me. anthat's why a gift to public television is so important. and if i can do a small ing to perpetuat

we start with a look at long distance runner who's competed in races without a kiwi sized part of herek, she's run at an elevation gain of 33,000 feet. >> iove this sty. if you're looking for e fountain of youth, yoshou look at monkeys. new study found that wh givenewer calories, ag ower. me to cut back on those calories. >> wonder if it will make my gray hair go aw? >> probably not. >> keep those away from new rk city in the future. the city's donut wars are about to heat up. dunkin' donuts is facing competitionfrom crispy cream and now, 13 ofts stores will be converted ito ti horton's which has bought them. >> i think it's going to be weirsince people here in the u. areot familiar with that name, tim horton's. i don't know why they uld change the name. i'm not a big donut e myself how about you? >> you're tooealthy for that, irealize that, rah. >>> we hear about forecled homes, but rarely about e people who live in them. >> we learned about tis house sold for$270,000. good deal, right? well, the owner nows every inch of the place because he built it himsf with his wife and four chil

. >>> okay, australia, don't look now but the kiwis are coming.now literally and we are going to find out why. >>> there has always been a lot of competition between the aussies and the kiwis and our correspondents, like michael ware and michael holmes. an quake is aemt it go to bring them closer. >> a 7.7 earthquake on the western tip of new zealand brought it 30 centimeters closer. >> let's put that in perspective. >> let's put a 3 and a 0 right there. >> valley butlerie butler went the local antique store and got this ruler from when she was in the second grade. >> i remember this. a smack in the hand is what i got with the foot-long ruler. really, put it in perspective. >> they are not lowering the airfare, because it is 30 centimeters closer. there was a big quake right there and the whole southern island shifted 30 centimeters closer to the big island. >> that's pretty cool stuff. it only took, what, a few seconds for the island to move. >> big shake. eight days ago. >> cool stuff. you want the ruler? >> sure. >> you might give that to your

in this picture she's holding apparently a kiwi bird.at's a prairie dog. >> i goohe t tnk zoo like once week. >> that's actually yesterday's picture. we'll have to do -- maybe on monday we'll show you a picture of kathy brader. if you know someone like her, send a picture to morning perp at nbcwashington.com. apologize to kathy for that. >>kiwi. >>> good looking weather for today. watch out for afternoon thunderstorms. if you're head together the beach, a good week end at ocean city and ro robe both. >> that's news4 today. thanks for starting your day with us. >>> throughout the day stay during times like these it seems like the world will never be the same. but there is a light beginning to shine again. the spark began where it always begins. at a restaurant downtown. in a shop on main street. a factory around the corner. entrepreneurs like these are the most powerful foe in the economy. they drive change and they'll relentless push their businesses to innovate and connect. as we look to the future, they'll be there ahead of us, lights

kiwi strawberry, rasberry tea, citrus punch and cherry pomegranate.hat's always in good taste. a better you from the inside out. that's the beauty of benefiber. jennifer's got her list. she shops target. she saves money. but she also expects her multigrain sunchips to unite the family. she expects her viva paper towels to save face. her odor fighting tidy cats to make her lover a cat lover. and her market pantry juice to create peace on earth. and her favorite store to give back to her favorite causes. so she shops target. where she can expect more and pay less. ♪ i'm starting with the man in the mirror ♪ ♪ i'm asking him to change his ways ♪ ♪ >> when he died elvis presley was worth less than $5 million. not long ago the rights to his estate sold for 20 times that. what will michael jackson's estate be worth? one thing is certain, dying young is the fastest way to turn a superstar into a legend and his heirs into millionaires. here's dennis murphy. >> he may well have been the king of pop, thriller, the best selling album of all time, but he was also

. >> we have kiwi. >> daisy and frosty are in doggy heaven with thumper. >> she likes to ride with hert the window? >> she likes to ride in the lap. >> okay. well, this is daisy dog. sorry to confuse you. let's show her. she loves to do this on the nice days outside. there she goes. >> we lost one that way. >> we had pudding who went flying out the window in new orleans. >> oh, goodness. we have to be careful with our pets everybody. >> she was fine but it was funny. >> we are looking at the allergy count and how the pollen is doing. grass in the moderate category but i'm happy to tell you weed and mold are in the low category. if you are sneezing it could be that grass pollen in the air. good morning. i'm weather kim. temperatures 71 patuxent river. 66 inside the beltway. clear skies. it is gorgeous on the weather terrace. i hope you are heading out and ready for a beautiful day. let me step out of the way and show you the game plan. 82 at noon and 85 at 5:00. the air quality is the yellow category which is moderate. maybe not the best air but not unhealthy at least quitette. we have

they didn't become a banana republic, they became a key week republic because even kiwis were in short supply. what did they do in response? they created a sealed off bank, they appointed a board of governors tasked with one job only and that was to keep the rate of inflation within certain targets and the head of the central bank was rewarded financially if he meant those targets and he was penalized if he failed to meet those targets a simple mission, a simple set of clear rules and a simple set of incentives to put those in place, and new england has prospered ever since. now i'm not saying this is either but neither is sleeping the monster without an idea where you're going to replace it with. now, ronald reagan, who was a follower of the school of economics, how interesting debates when he was in the white house with his advisers about the fed and he always look into these discussions with well, show me how to get from their to hear and we can talk about it and until then we should recognize why the fed creates uncertainty having a debate about abolishing fed without an idea what'

euro, sterling and another curren currency, especially the aussi dollar and kiwi dollar. >> this is christine. where do you see the japanese currency trading given where risk appetite is right now. >> i think dollar-yen will move higher over the next week or so. based on risk sentiment. i think these profit results will continue to be good as well over this week and beyond. and i think we may make a convincing break of 95. beyond there, there's a few stocks. we could go on towards 97. i think dollar-yen will be really sort of less volatile than other yen crosses. for example, the big carriage rates. i think they will be very volatile. i think we'll see a big exaggeration against the high yielding currency. and sterling and euro as well. >> we'll have to leave it there. alex edwards, senior corporate dealer, u.k.forex. coming up next, we will speak with indonesia's trade minister about how the country will deal with the aftermath of the hotel bombings. you can catch that in 15 minutes. >>> plus, it was exactly 40 years ago today that the world watched as neil armstrong became the first human t

be a huge challenge for policy makers when they have a trend of weakening currencies as a result of kiwi, as a result of fiscal deficits. so i think it's going to be a real issue and i am worried about it.. you know, longer term expectations for oil, alejandro, do you see it back to where we saw it last year? >> well, increasingly, we're hearing less and less about the the supply crunch that took -- you know, the expectations that took supply crunch to $150 a the barrel. so even the most bullish analysts in the market are not foreseeing a return to 95 or $100 a barrel until 2011. so it is very difficult to see that where the market is going to take from for that dil distillate, demand would have to recover. it's the industrial part of the economy that needs to start absorbing and turning out the amounts of oil that we're turning out a year ago for that surplus to be absorbed and for the market to take off again. otherwise, just with a lead of gasoline, it's going go to be very difficult. >> okay. we will leave it there, alejandro barbajosa with argus media and stephen gallo with snyder f

is focussing on rate spread, especially out of japan we see some interest to invest in aussie and kiwi in the dollar. >> okay. good to see you. have a good week, hilko kalberlah, from do you have ya bank. >>> still to come in the next hour of "worldwide exchange," jean-claude trichet has urged banks to stand lending. >>> plus, obama is touching down in moscow shortly for talks with putin and medvedev. so, ka kicked off the conference call... but missed the first half tryi to download the docs. which turned out to be the old-new docs... raer than the new-new docs. then bob dialed in from home and his... dog starts barking. jen jumped in with her "twcents"... which katy missed becaus she was buying shoes onlin and then i hit mute... to talk timelines with my team. getting lots of diy looks through the phone in the process. - overall... a great call. - great call introducina better way. learn more at cisco.com/newways [ dobarks ] speak one financial language. the language of changing. together, we're helping toshap. nyse eurext. powering the exchanging wo. >>> i'm christine tan. in india,

in this photo she's olding a kiwi bird that are honorary mammals of newaland.aland. enjoys reading and gardening and bird watching. that person's story was e-mailed to us at morningperson@nbcwashington.com. >>> college students are notorious for partying. penn state university came out on top of the annual review survey of the nation's top party schools. at the other end of the spectrum, several local schools made lists. university of maryland came in first for best athletic facilities. george washington university ranked first for politically active >> congratulationses to all of them. thank you for joining us at "news4 today." >> stay connected with us. we're on facebook and twitter. wake up with us in the morning. we'll be here at 4:55 a.m. have a great day. try e new subway big chipotle cheesesteak. an updated all-time favorite: juicy steak layered with zesty chipotle sauce, melted cheese, piled high with only... the toppings you love on freshly baked bread. only at subway. subway. eat fresh. so it's no surprise that we're now serving up... iced tea that's fresh-