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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'm Bill Woods. And

I'm Belinda Heggen. Welcome.

Hundreds of people still being

investigated and more arrests are

likely after a global child porn

crackdown. Petrol pain - motorists

warn they could be forking out

$1.70 this weekend for a litre of

petrol. Five men face court in Cuba

accused of plotting the September

11 attacks. In sport, it's official, Trent Barrett is heading home Trent Barrett is heading home to

swim with the Sharks.

Here is the finance details now.

Thank you. Good morning. US stocks

have rallied overnight as retailers,

including Wal-Mart, posted stronger

than expected sales for the month of May.

When I come back, continued

turbulence at Qantas as the carrier

axes more routes. I'll tell you

which ones shortly. Thank you.

Police are still hunting for

hundreds of people suspected of

child pornography offences under a

global crackdown. 90 Australians

have been arrested so far,

including a police officer who will be sentenced today. in AFP history The largest paedophile crackdown of one of its own. uncovered the dirty secret

It uncovered one of their own.

38-year-old Michael Hatch has

pleaded guilty to possessing images

of child sex abuse. He'll be

sentenced today. These images show

young people being brutalized sex

-- young children being brutally and sexually hurt. Children as

young as 12 months were abused in

the pictures. So far 90 have been

arrested across Australia. We've

seen school teachers, police

officers, we've seen people

officers, we've seen people in

positions of trust. In Queensland,

four teachers were caught in the

raids, one has committed suicide,

the other taken to hospital after a

failed attempt to take his life. A

man in Perth, who's a well-known

junior soccer and hockey coach, is

also facing charges. No charges also facing charges. No charges are

likely to be laid against

photographer Bill Henson over

controversial images of naked

children. The country's chief

censor has ruled the photographs

are not pornographic and police are

today set to drop their case

against the artist. The owner of

the gallery that exhibited the

images is also unlikely to be

charged due to lack of evidence.

Last month, officers seized 32 of

Henson's photographs from a Sydney

gallery after they sparked a gallery after they sparked a series

of complaints. A fifth person has

been charged overnight with

plotting underworld figure Tony

Mokbel's escape. 34-year-old Yvonne

Wharfe was granted bail after being

charged with perverting the course

of justice. Her father and another

relative are among four who remain

behind bars. We believe it was

planned very early on. From when Mr

Mokbel failed to appear in court.

Police alledge Tony Mokbel spent

six months hiding at a farmhouse

before he fled on a yacht to Greece.

Drivers are being warned they

could be slugged $1.70 a litre as

the bowser this long weekend.

Petrol prices have soared to a

record high of $1.65 in Sydney and

motorists Perth, while in Melbourne,

motorists are forking out an

average of $1.59. The NRMA is

calling on fuel companies to drop

their prices to help families who

are planning on travelling over the

long weekend. Promising news for Australian women with a Australian women with a new report

showing that deaths prom breast

cancer are continuing to fall. BreastScreen Australia found that screening programs are having screening programs are having a

bigger impact and women are more

vigilant about testing. More than a

million women in their 50s and 60s

have taken advantage of free mammograms from 2004 to 2005. Australia has pledged millions of

dollars in extra food aid to countries led by corrupt dollars in extra food aid to

$9 million will be given to

Pakistan, $8 million to Zimbabwe

and North Korea will receive $2

million after a request from the

United Nations. They're all based

on an urgent humanitarian need and

it reflects again the fact Australia takes its obligations as

a good international citizen very

seriously. Mr Smith has been in seriously. Mr Smith has been in

Rome at an international summit on

this food crisis. The alleged mastermind of the September 11

terror attacks has faced a military

tribunal add Guantanamo Bay. Khaled

Sheikh Mohammed was among five

al-Qa'ida members who have appeared

navy at an arraignment hearing at the

navy base in Cuba. Mohammed sang

versus from the Koran and told the

judge he wished to be a martyr, he judge he wished to be a martyr, he

wanted the death penalty. All five

men face execution if they're

convicted. Barack Obama and John

McCain have hit the campaign trail

in the US general election, in the US general election, and

while that battle is just beginning,

Hillary Clinton is preparing to

throw in the towel. When Hillary

Clinton calls it quits Saturday and endorses her former rival, Barack

Obama will be under more pressure

than ever to pick her as his running mate. running mate. Clinton met again

this morning with supporters at her

Washington DC home, taking a look

at her options. There's a lot of

speculation in Washington about

what role Hillary might want but

for now her supporters are focused

on the number two spot. They say

Clinton can deliver votes Obama

will need to win in November. This

is not, "Let's make a deal." This

is, "We need to make sure we can

figure out how to win for the

Democratic nominee." Obama's

campaign reportedly isn't buying in

just yet. They believe he can unify

the party on his own. Some top

Democrats agree like Jimmy Carter

and a Pennsylvania Governor. Even

if you have 18 million votsz, you

don't bargain. Obama is looking at

possible vice-presidential candidates

candidates but he's keeping quiet

at the moment. Are you sitting

down? One ticket holder as the won

more than $58 million in last

night's Powerball jackpot draw and

that's the biggest lottery win in

Australian history. The winner, as

you'd expect s yet to come forward

but it's believed the ticket was

bought in Victoria. 85 people won a second division prize second

second division prize of $76,000.

NRL news and the Cronulla Sharks

have signed former international

Trent Barrett to a 2-year deal. He

returns to Australia after two

seasons with English side Wigan. to a Saint Trent Barrett went from a Steeler over his 11 seasons in the NRL. captain's return to Australia But the former St George Illawarra will not be in the big red V.

I could've went to There were a few clubs and the decision to join Cronulla all the pieces for me. was one that sort of fits the best five-eighth in the world He's probably been at the moment. Lockyer's been injured, having him in the team and so it's going to be great

and I'll quite happily play in the forwards with him there.

Barrett's former team, the Dragons, face Brisbane tomorrow night. make a comeback to the NRL with the Dragons. The man who developed him, tight-lipped on how he would handle him. Wendell, his big comeback this week? Hello, Wayne. Looking forward to Ask the boys, mate, they'll tell you - they've got to play against him, not me. Winger Denan Kemp handed the task of marking big Wendell Sailor

in his return to Rugby League. He's Wendell Sailor, you know. I think a lot of people are underestimating him - he's naturally so good. If only I had half his talent, I'd be stoked.

The St Kilda football club has

elevated Alan Jeans to legend

status in its Hall of Fame. He was bestowed the honour add an bestowed the honour add an event in

Melbourne last night. 10 former players

players were inducted in to the

Hall of Fame including Nathan Burke,

Barry Lawrence, Lance Oswald and

Darryl Griffiths. Shane Warne

insists he's still retired from

Test cricket but he won't rule out

a comeback either. He was part of a

BMX Bandits Challenge in St BMX Bandits Challenge in St Kilda.

I said if Stuart MacGill broke his

leg and there wasn't another

spinner in Australia and Ricky rang

me, I'd consider it. If that's

coming out of retirement, I've got

to read a new dictionary I think.

Warne has already committed to next

year's Indian Premier League

tornment. Let's talk about finance

again. More cost-cutting at Qantas?

That's right. Qantas has announced

it will axe flights it will axe flights to Japan and

South-East Asia to cope with the

rising cost of jet fuel. JetStar

services will replace other flights

and some jobs will also be axed.

Last week's shake-up of Qantas's

domestic services has been followed by

by this. BHP Billiton is on a

collision course with the European Competition Commission, Competition Commission, over its

bid for rival Rio Tinto. bid for rival Rio Tinto. It follows comments from boss Marius Kloppers

that the mining giant won't need to

make any concessions on the offer.

That's despite protests That's despite protests from

European companies fear agRio-BHP

tie-up would dominate the markets.

The European Commission is reviewing the offer and must give

it the green light for the bid to

proceed. Here is proceed. Here is the national

forecast for Friday:

Now let's have a look at what's

making the newspapers this morning.

The 'Courier Mail' says Queensland

police fear dozens of child pornography suspects may escape prosecution due to prosecution due to blunders by their

their AFP counterparts. Gold Coast

financial group Octaviar is facing

liquidation for failing to repay

its debt. And how public transport its debt. And how public transport

has been given a boost in the South

Australian budget. The fashion

world farewells one of its great

icons. Details when the Early News returns.

With just 18 months training, you too can become a leader on the world stage.

This is Ten's Early News. A police

officer to be sentenced today after

a global

a global crackdown on child

pornography. Police charge a fifth

person with plotting Tony Mokbel's

escape by sea. The fashion world farewells

farewells one of its icons at a

funeral in Paris. And the new world

number 1 in women's tennis in to

another French Open final. Finance now,

now, Belinda. A strong session on Wall

Wall Street? It has been thanks to

stronger than expected retail sales

for the month of May.

When I come back, we'll cross live

to Wall Street. Thank you. Hundreds of

of people are still being

investigated after a global crackdown on child pornography.

Police have arrested 90 Australians,

including four teachers, a

policeman and a sports

administrator. More arrests are

expected. News Limited papers

report one of the teachers has

committed suicide, while another is

recovering from an attempt.

Policeman Michael Hatch has pleaded

guilty to possessing child pornography and will be sentenced

in Canberra today. A fifth person

has been charged overnight with plotting Tony Mokbel's great escape.

And Victorian detebgtdives say another

another six people to be --

detectives say another six people

to be arrested. Yvonne Wharfe to be arrested. Yvonne Wharfe is

the fifth person charged with

helping Tony Mokbel to escape but

the only one granted bail. Her

father was arrested early yesterday.

His sister-in-law also taken in.

Detectives revealing how the

gangland figure gave them the slip.

We believe it was planned very

early on from when Mr Mokbel failed

to appear in court. It's claimed

the luxury 57-foot yacht was bought

in Sydney and trucked across the

Nullabor. Police alledge Tony

Mokbel boarded it on November 11

2006. A crew of Greek sailors set a

course across the Indian Ocean and

eventually reached Greece on

Christmas Eve. Police said Mokbel

had spent six months hiding at a

rural Victorian farmhouse protected

by friends. It sends a clear

message to criminals, the extent we

will pursue them. The NSW Police

Investigator charged over a global

drug ring allegedly stood to make a

million dollars from his involvement. It's also been

revealed Mark Standen was charged

30 years ago with corruption

offences but that charge was

dropped. In a move to restore

public faith in the crime

commission, the Police Integrity

Commission will now watch over all

activities of this law enforcement

agency. Fire has caused extensive

damage to an historic building in

Melbourne. Flames ripped through

the 2-storey office block around 8

o'clock last night, causing the

roof to cave in. Fire fighting

retreated from that particular area

of the roof. And took some 40

minutes to bring the fire under

control. Dozens of people from

nearby apartments and a restaurant

had to be evacuated. The cause of

the fire - not yet known. Two former Labor PMs have warned former Labor PMs have warned Kevin

Rudd that a broad Asia Pacific

community may not be suitable. Mr

Rudd has announced plans for a

regional body like the EU and

appointed an envoy to look tine the

idea while Paul Keating and Bob

Hawke led their support to Kevin Hawke led their support to Kevin

Rudd's focus on the region, Rudd's focus on the region, they

say a model based on the EU say a model based on the EU might not be achievable. The Government's

green credentials have taken a

battering in Parliament over its

decision to means test the solar

panel rebate and the PM's plan for an Australian hybrid vehicle

industry has been questioned by one

of his own economic agencies. The

Treasurer drives one and the PM

wants to see more Australians

wants to see more Australians

behind the wheel of environmentally friendly hybrids. He's called on the Australian automotive industry to reinvent itself and turn out fuel-efficient 'green cars'. This is not about demonising cars and motorists, it's about unsuring the car remains a viable transport option. The Government has set up a green car innovation fund worth $500 million. But one of the Government's own economic agencies, the Productivity Commission, has pulled on the handbrake

warning against the policy of industry assistance. The commission's latest report states: It doesn't believe industry incentives will result in higher green car sales. Kevin Rudd also faces a challenge to the means testing of the solar panel rebate. The guy says if you earn $100,000 a year as a family, you're rich

and shouldn't get any support to put solar panels on your roof. The Opposition will attempt to overturn the means test, despite Government claims the rebate was unsustainable in its original form.

Murray McCloskey, Ten News.

A group of US and brist diplomats

has been attacked in Zimbabwe as

they tried to investigate political violence in violence in that country. The

officials were stopped at a road block

block by Robert Mugabe's security

forces and held there for several hours. There are reports hours. There are reports that car

tyres were slashed and one of the

drivers beaten up. President Mugabe

is accused of orchestrating

violence and intimidation before a June

June 27 run-off election. On the

subject of elections, Barack Obama

has hit the campaign has hit the campaign trail as the

Democratic presidential nominee. He's still deciding who will be

his running mate and is expected to

be under pressure to pick Hillary

Clinton but Obama is now focused on

November's general election. We've

still got work to do. Just winning

a nomination is not the end point.

The end point isn't even winning the

general election, the end point is

making your lives better. Hillary

Clinton is expected to officially

throw in the towel on Saturday.

Legendary fashion designer Yves

Saint Laurent has been farewelled

at a funeral service in Paris.

Hundreds gathered outside the church. Yves Saint Laurent's work

was shown on a wide screen. Among

those paying tribute was Catherine

Deneuve, fellow designer Jean Paul

Gaulthier and Valentino and Gaulthier and Valentino and the French President, Nicolas

Yves Saint Laurent died at the age

of 71. Serbian Ana Ivanovic is one

match away from being officially

the new world number one in women's

tennis, a straight sets win over

Jelena Jankovic at the French Open.

The second seed winning through to her

her second successive Roland Garros

final. The deciding set, she took 6-4.

COMMENTATOR: Her first match point.Ive ifrb meets Dinara Safina

in the final. Safina beat another Russian, Svetlena Kuznetsova, Russian, Svetlena Kuznetsova, in

straight sets. Bitter-sweet

selection news tonight. Two Kangaroos are sidelined, Kangaroos are sidelined, two premiership players return for the

The Kangaroos, who were thrashed by the Cats last time are desperate to impress

but will have to do so without their top goal kickers. it's Friday night, the big show, close to 2 million people watching, there'll be a huge crowd there - we've put the acid on our blokes to measure up. Corey Jones was ruled out with an ankle injury, as Nathan Thompson grimaced through a fitness test before pulling the pin and watching on from the gym. From what I've seen of him, he's got some chronic soreness that may impede his progress. On the other hand, Geelong has regained two premiership players in Cameron Mooney and Paul Chapman for Taylor and Hawkins. is the big in after suspension, At Carlton, Jarrad Waite Brett Ratten adding some spice to his team's Port Adelaide clash after refuting comments made by Chad Cornes

that he was relieved to be over a tough early-season draw. If Chad thinks we're a team they can go downhill skiing on, then they might have a challenge on their hands. Ian Cohen, Ten News.

Now we know NSW five-eighth Greg

Bird can take a lot of punishment

in a game of rugby league but this

is ridiculous. He's asked for a

return for the parade past the

Caxton Hotel. The blurz used to

pass this watering hole when they

were abused by Queensland fans but

Bird wants the experience. We want

to do the stuff the old guys did

and the thing that was the norm

back then, I suppose. But it's back then, I suppose. But it's a

shame. But I suppose for everyone's

safety, I don't think they do it

anymore. That's right. The

tradition ceased in recent years

through fears for player safety. I

don't think the Queensland fans are

that bad. Anyway, let's talk some

finance now. It's dangerous. Not so

dangerous is this. Time for our

weekly check of what's making news

on Wall Street and joining us now

live from New York is Claire.

Record jet fuel prices have sparked drastic

drastic cost cutting in the airline

industry? Good morning to you,

Belinda. The airline industry is

facing a $60 billion fuel bill this

year. The major carriers are being

forced to slash costs as a result,

they will stop flying more than 350

planes and lay-off more than 4,000

employees by the end of 2009. That

will reduce serves to travellers

this year and next. Continental was

the latest airline today to hand

out pink slips. It will be laying out pink slips. It will be laying

off around 3,000 workers and take

67 gas guzzling planes out of

service. And the Fed Reserve says

inflation is still a major concern?

Yes, it is. Federal Reserve

Chairman Ben Bernanke says overall

inflation is significantly higher

than he would like but less than

the double-digit rates that

inflation reached back in the mid-1970s. Bernanke says he doesn't

expect to see those long gas lines

as we saw here in the US back as we saw here in the US back in

the '70 said, but he did

acknowledge that the high gas

prices are have agbig burden on

many households here. The Fed

signalled they would pause on

interest rates at their next

meeting, after lowering them 3 and a quarter percentage points since

last September. I don't last September. I don't have

first-hand knowledge of this but

apparently Porsche is still the

best quality car brand? Yes.

Porsche tops in quality for the

third straight year. The survey

puts the German maker of the 911

iconic sports car at the top of the heap.

heap. It only had 87 problems per

100 vehicles followed by Toyota's

Lexus. We would all love to drive a

Porsche. Wouldn't we? Thank you.

Yes.

I can think of one Powerball winner

who just might be very soon.

Now, what motorists could be paying

at the pump this long weekend? Big

question, is coming up. And the CommSec finance report when the Early News returns.

If I had my way, my daughter would listen to me.

THOMAS! My son would listen to me. And ACTION would give us the bus service we really want.

The improvements you've asked for? You've got 'em. The new ACTION. We're going your way.

This is Ten's Early News. Hundreds

of people still being investigated after a global child pornography

crackdown. Petrol pain - crackdown. Petrol pain - motorists

warned they could be forking out

$1.70 a litre this long $1.70 a litre this long weekend.

The alleged master mind of the September 11 attacks faces court in Cuba.

Cuba. And in sport, it's official Cuba. And in sport, it's official -

Trent Barrett is heading home to

swim with sharks.

Now for another look at the markets. A

A strong session on Wall Street? It

has been. US stocks have closed the

session firmly in the black thanks

to stronger than expected

retailsies for the month of May. --

sales for the month of Maier. -- May.

When I come back, we'll cross live

to CommSec for a detailed look at

our market today. Thank you. Police

are still hunting for hundreds of people suspected of child

pornography offences, under a global investigation. 90

Australians have been arrested so

far, including a police officer who

will be sentenced today. It's the

largest crackdown in AFP history

with 1500 Australians accessing

sordid pictures of babies and

teenagers. And it uncovered one of

their own. 38-year-old Michael

Hatch has pleaded guilty to

possessing images of child sex

abuse. He'll be sentenced today.

These images show young children

being brutalized sexually,

physically and psychologically. In

just 76 hours, a website with

images were viewed by 12 million

people in 170 countries. Children

as young as 12 months were abused

in the pictures. So far 90 have

been arrested across Australia.

We've seen school teachers, police

officers, people in positions of trust. In Queensland, four trust. In Queensland, four teachers were

were caught in the raids, one has

committed suicide, the other taken to hospital after a failed attempt

to take his life. A man in Perth,

who's a well-known junior soccer

and hockey coach is also facing

charges. No charges are likely to

be laid against photographer Bill

Henson over controversial images of

naked children. The country's chief

censor has ruled the photographs

are not pornographic and police are

today set to drop their case

against the artist. The owner of

the gallery that exhibited the images is also unlikely to be

charged, due to lack of evidence.

Last month, officers seized 32 of

Henson's photographs from a Sydney

gallery, after they sparked a series of complaints. A series of complaints. A fifth

person has been charged overnight

with plotting underworld figure

Tony Mokbel's escape. 34-year-old

Yvonne Wharfe was granted bail

after being charged with

perverting the course of justice.

Her father and another relative are

among four who remained behind bars. We believe it was planned very

early on from when Mr Mokbel failed

to appear in court. Police alledge

Tony Mokbel spent six months hiding

at a farmhouse before he fled on a

yacht to Greece. Drivers are being

warned they could be slugged $1.70

a litre at the bowser this long

weekend. Petrol prices weekend. Petrol prices have soared

again. A record high, $1.65 in

Sydney. Perth, for unleaded, the

same. While in Melbourne, motorists

are forking out an average of $1.59.

The NRMA is calling on fuel companies to drop their prices to

help families who are planning on travelling over the long weekend.

Sydney commuters should be slugged

an extra 30% on their train tickets,

that's according to an independent

review. The pricing watchdog has

recommended that fares rise over

the next four years to pay for

improved CityRail services. 1700

staff should also be sacked and

operating costs slashed by nearly

$500 million to lift standards.

These are the recommendations and they follow a year-long

investigation in to CityRail

services. Barack Obama and John

McCain have hit the campaign trail

in the US general election. And in the US general election. And

while that battle is just beginning,

Hillary Clinton is preparing to

throw in the towel. When Hillary

Clinton calls it quits Saturday,

and endorses her former rival,

Barack Obama will be under more

pressure than ever to pick her as his running mate. Clinton met again

this morning with supporters at her

Washington DC home, taking a look

add her options. There's a lot of speculation in Washington about

what role Hillary might want but what role Hillary might want but

for now her supporters are focused

on that number two spot. They say

Clinton can deliver votes Obama

will need to win in November. This

is not, "Let's make a deal." This

is, "We ned to make sure we figure

out how we can win the presidency

for the demcatdic nominee." But

Obama's campaign reportedly isn't

buying in just yet. They believe he

can unify the party on his own. Some top Democrats Some top Democrats agree, like

former President Jimmy Carter and the Pennsylvania Governor. Even if

you're Hillary Clinton, with 18

million votes, you don't bargain.

Obama is looking at possible vice-presidential candidates but he

is staying quiet as he campaigns in

Virginia. The alleged mastermind of

the September 11 terror attacks the September 11 terror attacks has

faced a military tribunal at

Guantanamo Bay. Khaled Sheikh

Mohammed was among five al-Qa'ida

members who have appeared at an

arraignment hearing in Cuba. Mohammed told the judge he wished

to be a martyr and wanted the death

penalty. Archeologists have

discovered part of a pyramid in

Egypt. A burial chamber and

Egypt. A burial chamber and the lid

of a sucough gs have been

discovered. The discovered. The aurbgiologists say

it's believed to belong to the

Fifth Dynasty King who ruled around 2000 BC.

NRL and the Cronulla Sharks have

signed former international Trent

Barrett to a 2-year deal. He

returns to Australia after returns to Australia after two

seasons with the English side Wigan. Trent Barrett went from a Steeler to a Saint over his 11 seasons in the NRL. But the former St George Illawarra captain's return to Australia

will not be in the big red V. There were a few clubs I could've went to and the decision to join Cronulla was one that sort of fits all the pieces for me. He is now a Shark and his 2009 team-mates could not be happier. the best five-eighth in the world He's probably been

at the moment. Lockyer's been injured, having him in the team and so it's going to be great in the forwards with him there. and I'll quite happily play face Brisbane tomorrow night. Barrett's former team, the Dragons, Wendell Sailor The game sees former Bronco with the Dragons. make a comeback to the NRL The man who developed him, on how he would handle him. tight-lipped Wendell, his big comeback this week? Hello, Wayne. Looking forward to they'll tell you - Ask the boys, mate, not me. they've got to play against him, of marking big Wendell Sailor Winger Denan Kemp handed the task in his return to Rugby League. He's Wendell Sailor, you know. are underestimating him - I think a lot of people he's naturally so good. I'd be stoked. If only I had half his talent, Adam Thompson, Ten News.

The St Kilda football club has

elevated Alan Jeans to legend

status add its Hall of Fame. The

Saints only premiership coach was

bestowed the honour add an event in Melbourne last night. 10 former

players were inducted, including

Oswald Nathan Burke, Barry Lawrence, Lance

Oswald and Darryl Griffiths. lifeline for the struggling Oswald and Darryl Griffiths. A

lifeline for the struggling Sydney

Kings with the man who founded them

2000 years ago buying back the

franchise. Mike Wrubleski has

secured the licence from the

elusive Tim Johnston but doesn't

include the club's troubles such as

debtss and player payment disputes.

The move needs to be ratified by

the rest of the NBL's club

Australia's monthly trade deficit

has dropped to its lowest level

since early 2007. For a closer look

at the figures, jiem joined now by Savanth.

Savanth. That's a better result

than expected? It certainly was.

The higher coal prices which kicked

in from the start of April have had a strong a strong impact. We've seen the

definite fall from around $2.5

million and that's a 14-month low.

If you take out the oil dependency

that we have, it's likely we see a

surplus. The expectation is smaller

and smaller deficits. And the New

Zealand dollar has taken a Zealand dollar has taken a dive.

What's behind that fall? seen the New Zealand dollar fall by

as much as 1.5% against the major currencies overnight and it's

really on the back of slower growth

forecast for New Zealand. And the

expectation that we may see a rate easing

easing cycle begin by the New

Zealand Government. So expectations

for, growing expectations over the

possibility of rate cuts is likely

to see the New Zealand dollar fall to see the New Zealand dollar fall

even further. The Dow even further. The Dow finished up

significantly. What can we expect

on our markets today? It's

certainly looking like a positive

start if we take our lead from the

US. Gains of around 70 points at

the moment, over 1%. And the

strength should be across the board.

We've seen the oil price has

rebounded. The energy sector may

see some gains after the sharp

losses yesterday, likewise the resources

resources sector and the retailer

should

should see some gains. Thank you for

for the update. Thank you.

Now the national Friday forecast:

Now, another look at the newspaper

headlines. The 'Sydney Morning Herald'

Herald' has more on a review of

Sydney's train system. That's a

fair increase of 30% recommended.

Tens of millions of dollarsopes Prime director Anthony Blumberg

siphoned out of the company before

it collapsed. And a Crime

Commission officer currently under investigation for trying to import

close to a million dollars in

drug-making chemicals. A fashion

icon laid to rest in Paris. The

details when the Early News returns. Police will be targeting A-C-T and New South Wales drivers, heading to the speeding and fatigued weekend. snowy mountains this long place along the FEDERAL and Extra patrols will be in sure the opening weekend of MONARO Highways, to make without tragedy. the ski season goes off also in force until MONDAY Double demerit points are night. RICHARD WALLACE has Meantime Snowy River Mayor passenger air service to conceded hopes for a appear dashed. the Snowy's this winter, earlier this week, who Wallace met with QANTASLINK to fly into the region for warned they will be unable ongoing staff dispute. some time, due to an Flights between COOMA and SYDNEY were dumped by Rex Airlines in November due to pilot shortages arrested at the recent One of several protestors BELCONNEN is due to face Kangaroo cull near Court today. the A-C-T Magistrate's

Police allege the FIFTY-THREE year old woman threw rocks at security staff to try and stop the cull OLD ADAMINABY has been added to the New South Wales Heritage register. The State Government says being on the register will ensure the protection of the former town and its relics, which re-surfaced from LAKE EUCUMBENE last year. TO SPORT Three Canberra A-F-L players will line up for the New South Wales A-C-T Rams under eighteens side, against Victoria Country tomorrow. The Rams need overcome a last round loss to W-A TO THE WEATHER NOW Fine conditions are forecast for most of the state over the weekend, until an upper level disturbance brings scattered showers next week. Nationally... fine and partly cloudy in Canberra today... a few showers still around Sydney's coastline... morning drizzle clearing in Melbourne Locally...a mostly fine day in Dubbo and Wagga today with some partly cloudy skies... a few showers for Wollongong though Mostly fine around Bathurst today... a possible shower for Goulburn... wet for Perisher Valley and Thredbo Fine for Mudgee and Parkes Looking ahead: A few clouds about the region today and across the weekend. We could see some mostly sunny skies in Canberra at times today as well though ... forecasters say the chance of showers is about 20 per cent. (that's the latest from Southern Cross Ten ...

This is Ten's Early News. A police

officer to be sentenced today after

a global crackdown on child

pornography. Police charge a fifth

person with plotting Tony Mokbel's

escape by sea. The fashion world

farewells one of its icons at a

funeral in Paris. And a new world

number one in women's tennis in oo

another French Open final. For a final check of the markets this

week. Good morning. US stocks have

ended the session firmly in the black thanks largely to stronger

than expected retail sales for the

month of May.

When I come back, Virgin Blue

dismisses claims it's on the brink

of collapse. Hundreds of people are still being investigated after a

global crackdown on child

pornography. Police have arrested

90 Australians, including 90 Australians, including four teachers, a

teachers, a policeman, and a sports

administrator. More arrests are

expected. News Limited papers

report one of the teachers has

committed suicide, while another is

recovering from an attempt.

Policeman Michael Hatch has pleaded

guilty to possessing child

pornography and will be sentenced

in Canberra today. A fifth person

has been charged overnight with

plotting underworld figure Tony

Mokbel's great escape. And Mokbel's great escape. And

Victoriaden tectives say another

six people -- detectives say

another six people will be arrested.

34-year-old Yvonne Wharfe is 34-year-old Yvonne Wharfe is the

fifth person charged with helping

Tony Mokbel to escape but the only

one granted bail. Her father was

arrested early yesterday. His

sister in law also taken in. Detectives revealing Detectives revealing how the

gangland figure gave them the slip.

We believe it was planned very early on from when Mr Mokbel failed

to appear in court. It's claimed

the luxury yacht was bought in

Sydney and trucked across the

Nullabor. Police alledge Tony

Mokbel boarded it in Geraldton on

November 11 2006. A crew of Greek

sailors set a course across the

Indian Ocean and eventually reached Greece

Greece on Christmas Eve. Police say

Mokbel had spent six months hiding

at a rural Victorian farmhouse protected by friends. I think it sends sends a clear message to criminals

the extent we will pursue them. The

NSW police investigator charged

over a global drug ring allegedly

stood to make a million dollars

from his involvement. It's also from his involvement. It's also been revealed Mark Standen was

charged 30 years ago with cupz

offences but that charge was

dropped in a move -- corruption offences but that charge was

dropped in a move to restore faith

in the Corruption Commission.

Drivers are being warned they could Drivers are being warned they could be slugged $1.70 a litre for

unleaded petrol at the bowser this

long weekend. Petrol prices have hit

hit a record high, $1.65 for

unleaded in Sydney and Perth. In Melbourne motorists are forking out

an average of $1.59. The NRMA is an average of $1.59. The NRMA is

calling on fuel companies to drop

their prices too, help families who

are planning on travelling this long weekend.

weekend. Two former Labor PMs have

warned Kevin Rudd a broad Asia Pacific community may not be suitable. Mr Rudd suitable. Mr Rudd has announced

plans for regional body much like

the European Union. While Paul

Keating and Bob Hawke lepbtd their

support to Kevin Rudd's focus on

the region, they said it might not

be achievable. Barack Obama has

thit campaign trail as the

Democratic presidential nominee.

He's still deciding who will be

his running mate and is expected to

be under a little pressure to choose Hillary choose Hillary Clinton. But Obama

is now focused on November's

general election. We've still got

work to do. Just winning a nomination

nomination is not the end point.

The end point isn't even winning

the general election. The end point

is making your lives better.

Hillary Clinton is expected Hillary Clinton is expected to officially throw in the towel on Saturday. Legendary fashion Saturday. Legendary fashion

designer Yves Saint Laurent has been

been farewelled at a funeral

service in Paris. Hundreds gathered

outside the church as celebrities

and designers made their way inside.

Yves Saint Laurent's work was shown

on a wide screen and among those

paying tribute was French paying tribute was French actress Catherine Deneuve, fellow designers

Jean Paul Gaulthier and Valentino

and the French President, Nicolas

Sarkozy. Yves Saint Laurent died on

Sunday at the age of 71.

Sunday at the age of 71. Serbian

Ana Ivanovic is a match away from

being officially the new world

number one of women's tennis. She

had a straight sets win over Jelena

Jankovic. The second seed through

to her second successive Roland

Garros final. She won the deciding set 6-4.

COMMENTATOR: Her first match COMMENTATOR: Her first match point!

Ivanovic meets Dinara Safina in the

final. Safina meet another Russian,

Svetlena Kuznetsova, in Svetlena Kuznetsova, in straight sets. Bitter-sweet selection news

ahead of tonight's Round 11 opener

between Geelong and North Melbourne.

Two Kangaroos have been Two Kangaroos have been sidelined,

but two premiership players return

for the Cats. The Kangaroos, who were thrashed by the Cats last time are desperate to impress but will have to do so without their top goal kickers. We do need to make a statement - it's Friday night, the big show, close to 2 million people watching, there'll be a huge crowd there - we've put the acid on our blokes to measure up. with an ankle injury, Corey Jones was ruled out as Nathan Thompson grimaced through a fitness test before pulling the pin and watching on from the gym. From what I've seen of him, he's got some chronic soreness that may impede his progress. On the other hand, Geelong has regained two premiership players in Cameron Mooney and Paul Chapman for Taylor and Hawkins. At Carlton, Jarrad Waite is the big in after suspension, Brett Ratten adding some spice to his team's Port Adelaide clash

after refuting comments made by Chad Cornes that he was relieved to be over a tough early-season draw. If Chad thinks we're a team they can go downhill skiing on, then they might have a challenge on their hands.

Ian Cohen, Ten News.

Australian wicket keeper Australian wicket keeper Brad

Haddin is in doubt for the third

Test against the Windies. He's

broken a finger. Meantime, Shane

Warne insists he is still retired

from Test cricket but he won't rule

out a comeback. He was part of a BMX Bandits challenge in St Kilda

yesterday and there could be yesterday and there could be more spin when spin when he meets with Ricky Ponting next months. Whenever

gets back I'll have a chat with him.

As I said, I'm very happily retired

F. Stuart MacGill broke his leg and

there wasn't one other spinner in

Australia and Ricky rang me for the

Ashes, I'd consider it. If that's

coming out of retirement, I've got

to read a new dictionary I think.

Warne has already commited to next year's Indian year's Indian Premier League

tournament. Greg Bird has called for

for the return to the Blues pre-game parade past the infamous

kabsten Hotel. The Blues used --

Caxton Hotel. The Blues used to

pass there where they were roundly

abused by Queensland abused by Queensland fans. You

always want to do the stuff the old

guys did and the thing that was the norm back then, I suppose. But it's

a shame. But I a shame. But I suppose for everyone's safety, I don't think

they do it anymore. That's right,

Greg. The tradition has ceased in recent recent years through fears for player

player safety. Let's talk finance

now. Those Virgin Blue rumours are

just not true? According to its

boss, low-cost carrier Virgin Blue

has dismissed reports it could collapse because of the high price

of fuel. JP Morgan analysts warn

the airline needs to increase itsd fares by 10% in

fares by 10% in order to avoid

insolvency if oil remains high. But

Brendan Goddard has slammed that -- Brett Godfrey has warned and

slammed the report. Octaviar's days

could be numbered with the

embattled Gold Coast property

company facing liquidation over its

$350 million debt. The public

trustee of Queensland has called on

the courts to appoint the courts to appoint liquidators

after Octaviar failed to repay the

debt by last night's deadline.

Sinosteel has lifted its stake in

iron ore minor Midwest for the

second time in as -- miner Midwest

for the second time in as many days.

Sinosteel has also flagged a

further on-market share grab at further on-market share grab at a

discount to their current market

price of $six.38. Sinosteel price of $six.38. Sinosteel has

also applied to the takeover's

panel, to stop US firm Harbinger

Capital from buying any Midwest shares. That's finance news for

this morning. Well, yesterday's

little white rhino that we featured

on this program and pandas have one

thing in common, there are sadly

too few of them. As Beijing

prepares for the arival of hundreds

of sporting heroes for the city's

Olympics, some new stars are

stealing the show and that's eight

pandas saved from the earthquake

zone. They are survivors of an

earthquake that killed 70,000 people. But these eight pandas are

seemingly unaware of the terrible

tragedies that happened around them.

They are the Olympic pandas, chosen

to help cheer on this summer's

Games in Beijing and give China a

symbol of hope. They remain symbol of hope. They remain an indaifrpgered species, with around

1500 in the -- endanger 1500 in the -- endanger species,

with around 1500 in the wild. They

had been living at a breeding

centre. It was just 20 miles from

the epicentre of last month's

devastating earthquake. Much of the

centre was destroyed. Five staff

members were killed. But the members were killed. But the panda

whose are being raised there

survived. The pandas will live in their

their new home for the next six

months. They're already popular but

the zoo hopes they'll help attract

six million visitors from around

the world. Many of kwhoom will be

in bagin for the Olympics. The

panda has been chosen as one of the

mascot of the Games and is regarded

weather forecast now.. as a national treasure. OK, the

And that's it for Ten's Early News. I'll catch you hopefully on the weekend with a national bulletin.

Have a safe long weekend.

Australia. Supertext Captions by Red Bee Media

www.redbeemedia.com.au