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Ten Early News -

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(generated from captions) This program is captioned live.

Good morning.

Welcome to Ten's Early News.

First today in the Early news fatal

brawl. A man dies after being King

hit during an alcohol-fuelled fight

on the cold coast.

An inquiry to examine links between

a high profile murder and

allegations of corruption within the NSW Government.

Ferry disaster - up to nine dead

and dozens still missing after a

boat with 1,000 passengers sinks in the Philippines.

And Australia on top at Lords. The

visitors down England by 39 runs in

the second one-day international to

take a 2-0 series lead.

A check of the weather:

First, a man bashed during a wild

brawl on the Gold Coast over the

weekend has died in hospital. Up to

a dozen people were involved in the

fight. A 21-year-old man will front

court this morning.

Witnesses have told police that two

groups of young men came together

outside a Coolangatta hamburger

shop and punches soon followed.

During the fighting, a 22-year-old

man collapsed to the ground,

apparently after he was hit by a

single punch and then began to

convulse violently. He was rushed

to Tweed Heads hospital in a

critical condition with a head

injury, but doctors were unable to

save him. Ten people were detained

by police over the brawl. One of

them a21-year-old man was later

charged with causing grievous

bodily harm. That charge has now

been upgraded to manslaughter.

Locals say street violence is out

of control in the area. In the

evenings, it's not a desirable

place to be out. The alleged

attacker will face court this

morning as police continue their

examination of nearby store

security vision which could lead to

more arrests.

A parliamentary inquiry will be set

up to examine links between the

murder of a Sydney businessman and

alleged corruption within the NSW

Government. Police have reportedly

been handed a tape belonging to

Michale McGurk which, allegedly

implicates senior NSW politicians

in corrupt property deals. The

State Opposition will use its

numbers to look at it. My concern

is that in recent times, ICAC's

inner spring has wound down

particularly with issues of State

and Government corruption. However,

former Labor powerbroker Graham

Richardson who has heard the tapes

say it is is a poor quality tape.

John Howard is recovering at home

after being rush today hospital

following an allergic reaction. He

was having dental surgery on Friday

when he suffered an anaphylactic

reaction to the anaesthetic. He was

rushed to hospital and spent two

nights under observation. Liberal

frontbencher Tony Abbott has spoken

to him and says he is recovering

well. Noild The economy is set to

take centre stage when Parliament

resumes. The Greens believe it is

time the stimulus is reviewed so

taxpayers are not left with

unnecessary debt. To get Ken Henry

back before the Senate Economics

Committee so we can get a

reassessment of Australia's place

in the recession. Bob Brown says

he'll move for a senate inquiry

into the measure this is week.

At least nine people are dead and

more than 30 still unaccounted for

after a passenger ferry sank off

the Philippines coast. More than

920 people were rescued. The vessel

eventually went down carrying its

load of almost 300,000 litres of

that it won't leak. oil. The boat owners are confident

The British Prime Minister is

facing more tough questions today

over the relationship between Libya

and the UK. Libya supplied arms to

the IRA, but Gordon Brown has so

far refused to demand compensation

for their victims. Enis skillen, Warrington,

Manchester, where lives were

destroyed by IRA bombs, bombs most

likely made with semtex supplied by

Libya. And yet, the Prime Minister,

unlike the Americans, has refused

to press Colonel Gaddafi for

compensation. I have to say, I

think it is wrong. It's plainly

wrong. He is dumping us and our

suffering pain because he believes

that to do otherwise will damage

trade relations with Libya. Nobody

is saying - including in the case

of compensation, that trade or oil

or economics was getting in the way

of doing the right thing. But the

right thing must be to co-operate

with a State like Libya if they are

changing. But the victims of IRA

terrorism say they should be given

the same compassion from Libya as

the compassion shown to the Lockerbie bomber.

The Beatles long and winding road

is taking a new twist with the band

final lip entering the digital age.

The Beatles Rock Band is the Fab

Four's first ever video game and is

selling games ever. tip today become one of the best

# I'm back in the USSR.. # It is

becoming a new legitimate medium

for music to be released in. The

Beatles entire back catalogue has

been remastered with fans able to

download or buy CDs of the group's

stereo. first four albums entirely in

Good news. Australia has beaten

England by 39 runs in the second

one-day international at Lords.

With 250 to win, the home side

started well enough and were 0-74

until Shane Watson was brought in.

Ravi Bopara - his first victim

trapped LBW. In the next over,

Watson had Matt Prior caught behind.

Brett Lee, Nathan Brackan and

Mitchell Johnson dismissing England

for 210 with more than three overs

to go. The Australians are up 2-0

in the series.

Carlton's Chris Judd admits he was

stupid to make contact with Michael

Rischitelli's face during his

team's loss to Brisbane on Saturday

night. The Blues skipper could be

cited for eye gouging after the cited for eye gouging after the

incident in the second quarter. I

was pushing my thumb into a

pressure point behind the ear, and

look, it is a pretty stupid thing

to do. It was a dirty night for

Judd with his team blowing a

commanding lead against the Lions

to bow out of the AFL.

To NRL and Brisbane has booked a

qualifying match-up with local

rivals Gold Coast after notching a

fifth straight win overnight. The

Broncos far from at their best but

they did enough to down Canberra by 12 points. 12 points. they did enough to down Canberra by

It took 20 minutes to break the

deadlock. Corey Parker opening the

scoring, but there was only two

points in it at the break. The

Raiders were putting everything on

the line. Up three tries in a row

kept Brisbane safe, wrapping up

sixth spot in the qualifying final sixth spot in the qualifying final

against the Titans. If we can

defend like that going into next

week, and obviously, attack well,

who knows what can happen with us.

That meant Newcastle finished

seventh after they crushed Penrith.

Gets it back on the inside. Here is Gets it back on the inside. Here is

a try for the home team and Kurt

Gidley scores a beauty. We certain

ly don't want to make the semis and

be out the following week.

The Knights fine tuning for their

date with the Bulldogs, running in

six tries and ending the Panther's six tries and ending the Panther's

season. I thought we were going to season. I thought we were going to

play semis. That's shattering.

While a terrible second half from

the Roosters gifted them the wooden spoon.

Raise raise Let's check finance now Raise raise Let's check finance now

with Richard, and there are some

promising jobs figures out. with Richard, and there are some promising jobs figures out.

Signs of a recovery with a surge in

the number of employment ads. The

job index grew 2.43%, the first

real growth since May last year.

The graduate job index rose to 30%.

The G20 summit has wrapped up in

London, but not without some

division. Leaders have failed to

agree on ways to curb massive bank executive bonuses, instead

deferring a decision on the issue

until the next meeting later this

year. However, they did agree on

measures to stimulate the economy

were working. We believe that

substantial progress is now being

made. G20 leaders said that stim

lulls measures should continue for

some time. While the outlook for

jobs and growth remains weak.

Let's look at some of the numbers

in detail and the US markets closed

better than expected with good job figures.

Our markets are expected to open

stronger with the SPI up around 38 points. To business in brief:

And receivers of the failed Great

Southern Group will begin formally

selling off the group's assets.

Checking today's newspapers for you:

Allegations in the 'Sydney Morning Allegations in the 'Sydney Morning

Herald' that Socceroos captain

LucasNeill and Minister Nolls could

have been caught up in the Michael McGurk industry.

The 'Financial Review' says that The 'Financial Review' says that

Asian rivals freeze steel makers.

And 'The Age' reports a medical

device and implant companies are

spending millions in secret deals with doctors.

Business Day says the banks funding

guarantee on a way out.

Coming up in the early news, a

burst water main wreaks havoc in

downtown LA. All of details next. (CAR WON'T START) MAN: Hi, you've reached Chris. Please leave a message. (GROANS) (HORN HONKS) (TRAFFIC NOISE) A breakdown can leave you feeling uneasy and alone, no matter where you are. But with NRMA Roadside Assistance, you're never on your own. Join us now. (GENTLE MUSIC) (EASYGOING MUSIC) What about... CHILD: Oh, cool cat! Beautiful boy. Keep your cat happy and healthy with the delicious taste and natural nutrition of Supercoat for cats.

I never told many people this, but I've always had the dream of flying to London to see the Royal Ballet. (LAUGHS) Hey, Tinkerbell, get a load of this! Uh...go back to work! (SINGS) You! Pas de deux... Hey, we don't choose the dreams, but with Lotto's massive $20 million Saturday Superdraw, we can make yours come true. That's right - $20 million. So get your entry in by Saturday, September 12, and you could... # Live

This program is captioned live.

The headlines for you every 15 minutes.

A man to fails court today over an

alcohol-fuelled brawl on the Gold

Coast that has left one man dead.

The Opposition increases the The Opposition increases the

pressure on the Government over a

stimulus exit strategy when

Parliament resumes this week.

In sport, third seed Rafael Nadal

forced to work hard for the round

three win at the US tennis Open by Nicholas Amadro.

And in finance, our market heading

for a strong week. We'll be live to Commsec.

But first, a man will face a Gold

Coast court this morning charged

over a weekend brawl. Witnesses say

about 10 men were involved in the

fight outside a shop when a 22-

year-old was King hit and collapsed

to the ground. He was rushed to

hospital where he died later. A 21-

year-old man was initially charged

with assault, but that charge has

now been upgraded to manslaughter.

He's due to face the south port

court this morning.

A parliamentary inquiry will be set

up to examine possible links

between the murder of a Sydney

businessman and alleged corruption

within the NSW Government. Police

have reportedly been handed a tape

belonging to Michael McGurk, which

allegedly implicates senior NSW

politicians in corrupt property

deals. The State Opposition will

try to us its numbers to establish

the inquiry, accusing the

corruption watchdog of losing its

bite. ICAC has wound down,

particularly with issues of State

and Government corruption. It's

claimed Mr McGurk, who was killed

last week, was using the tape to

blackmail a Sydney property developer.

The Opposition is expected to The Opposition is expected to

continue the pressure on the

Government over the economy when

Parliament resumes this week.

Malcolm Turnbull wants the

Government to name its stimulus

exit strategy, despite G20 leaders

endorsing efforts to boost local growth.

The G20 finance ministers class of

2009, and the report card is good.

We believe that substantial

progress is now being made. But not

on ways to limit massive executive

payouts. Ministers put off a

decision to cap banker bonuses

until leaders meet later this year.

They're really under the thumb at

the big end of town. The Greens

believes it is time to take stock

of Australia's billion dollar of Australia's billion dollar

stimulus package. Get Ken Henry

back before the Senate economics

committee so that we can get a

reassessment of Australia's's

position in the recession. But the

Government's commitment to stay the

course was bolstered by the London

meeting's decision to wait for

signs of recovery. Ministers

believe the global economy is still

fragile. The situation is other economies is completely different

from Australia. The economy will

take centre stage when Parliament

returns today and the Opposition

resumes pressure on the Government

to name its stimulus exit stratdge edgy.

Tens of thousands of women could be

denied free mammograms because the

breast screening program is

overloaded. News Limited papers

report a review of Breast Screen

Australia has found that the

program is too overstretched and

fails to reach its screening target.

It's now recommended that women

under 45 or over 75 be restricted

from free mammograms so it can

focus on the age group that is most

at risk.

A Sydney-based bikie will face

court today accused of blackmail

and assault. The gang member was

arrested while visiting two bikies

at an Adelaide prison yesterday.

The 34-year-old and the two men are

accused of dragging a man from his

home in May and bashing him.

They're also charged with

threatening to kill the victim and

his family and stealing a Mercedes.

He'll face those charges in Adelaide today.

An Irish tourist is feared drowned

after falling from a party boat on

the Brisbane boat. He was believed

to have been kissing a girl when

they felt over board on Saturday

night. She was rescued but he has

not been seen since. It's a slim

hope, but we certainly have grave hope, but we certainly have grave

fears for his safety, but we will

continue to search for the man.

It's believed that the cruise was

to celebrate a birthday, and the

man had been drinking.

A rescue operation has begun in the

Philippines after a super ferry Philippines after a super ferry

carrying 1,000 passengers sank.

Nine bodies have been recovered

with the number of casualties

expected to climb.

After jumping from the sinking ship, After jumping from the sinking ship,

panicked passengers cling to life

rafts. The super ferry with 968

passengers onboard was travelling

off the southern Philippines coast

when it began listing in the early

hours of the morning, tilting at a

35 degree angle. It took the crew

an hour to issue a distress signal. an hour to issue a distress signal.

The ship was tipping so there was

obviously something wrong, but obviously something wrong, but

there wasn't the safety factor or

the lights in there, communication.

Stuff like that. Eventually

passengers were ordered to abandon

ship and nearby vessels rushed to

the ferry's aid. Nine bodies have

been found, but more than 930

people have been rescued. Dozens

are still missing. It's the rescue

and the proper account kthing of and the proper account kthing of

the survivors. That is the primary

objective at the moment. It's not

sure what caused the ship to sink,

but the crew had reported problems

with the generator.

A massive water main has burst in

downtown Los Angeles sending

thousands of litres of water

cascading through the streets. The

famous Ventura Boulevard

disappeared during the deluge. Some

houses and businesses were damaged,

but no-one has been injured. The

riptured main was fixed after four hours.

St Kilda has secured a spot in the

preliminary final with a 28-point

win over Collingwood at the MCG.

Captain Nick Riewoldt leading the

way with five goals.

After an ordinary month of football,

St Kilda looking to prove the

doubters wrong, and their coach

thinks they've achieved that with yesterday's qualifying final win

over Collingwood. This is a game we

wanted to be in. I mean, this is

what the footy clubs exist for, for

these games. It's about taking the

opportunity, and really, at the end

of the day, that's two hours of

footy and it is in the competition,

which is the aim. The Saints were

led by the inspirational skipper,

who also eraised any queries over

his ability to shine in September.

COMMENTATOR: The captain, he can

put it in. The minor premiers are

in shape to take a week off. On the other hand, Collingwood are not.

Scott Pendlebury has a suspected

broken leg. Anthony Rocca has a

broken Adelaide and they now have a

six-day break. Tell me what's fair

in life? Is life fair? I wake up

tomorrow morning and have breakfast.

Half of Africa won't. Is that fair?

So this will get caught up with the

days off that we've got.

The NRL finals schedule has been

sorted after the final round of the

regular season concluded overnight.

Melbourne will play Manly on Friday.

On Saturday night, the Gold Coast

will host Brisbane and the Bulldogs

take on Newcastle, while minor

premiers St George Illawarra will

meet the Ease. Last night Brisbane

completed the home and away season,

notching their fifth straight win.

22-10 over the Canberra Raiders.

Third seed Rafael Nadal is through

to round four of the US tennis Open,

but he was forced to work hard.

Nicholas Samadro pushing the third

seed all the way. COMMENTATOR:

Flashes of brilliance from the back

side there. Nadal took time out in

the third set suffering abdominal

problems. But the Spaniard

recovered and closed out the set

and the match.

Valentino Rossi has extended his

lead in the MotoGP standings,

taking out his home race. The 8-

time world champ started from pole

and easily took the chequored flag

ahead of team-mate Jorge Lorenzo

and Dani Pedrosa. Superb victory

for Valentino Rossi. Here's Dani

Pedrosa. Pedrosa's podium moves him

into third, replacing casy Stoner

who missed the race after a mipsery illness.

-- mystery illness. -- mystery illness.

And there were signs of a turn

around in the jobs market with a

surge in the number of employment

ads in August. The job index grew

2.43% last month. The first real

growth since May last year. The

graduate job index rose by 30%,

offering hope for students about to

enter the workforce.

The G20 summit has wrapped up in

London, but not without some

division. Leaders have failed to

agree on ways to curb massive bank executive bonuses. Instead,

deferring a decision on the issue

until its next meeting later this

year. However, they did agree

measures to stimulate the economy

were working. We believe that

substantial progress is now being

made. G20 leaders said that

stimulus measures should continue

for some time. While the outlook

from jobs and growth remains weak.

Alarming new figures reveal a third

of the country is at high risk of

financial distress. Research

reveals that 33% of Australian post

codes are in the high risk category

for defaulting on debts. Victorian

suburbs are the most under pressure,

while consumer debt in NSW has

surged 400% since the last recession.

To business in brief, and BHP

Billiton and Rio Tinto are

reportedly considering a $1 billion

merger of their diamond mining

operations in Canada.

And the weather for you now:

The Beatles get a generation Y

make-over. That's next.

And all of the finance news when

the early news returns. Hey, we don't choose the dreams, but with Lotto's massive $20 million Superdraw,

we could make plenty come true. That's right - $20 million. So get your entry in by Saturday, September 12, and you could...

A breakdown can leave you feeling uneasy and alone, no matter where you are. But as an NRMA member, you're protected by the reliable service that has earned an Australian Business Award for Excellence. Join us now.

Headlines every 15 minutes on Ten's Early News.

Fatal brawl - a man dies after

being King hit during an alcohol-

fuelled fight on the Gold Coast.

An inquiry to examine links between

a high profile murder and

allegations of corruption within

the NSW Government.

Ferry disaster - up to nine dead

and dozens still missing after a

boat with 1,000 passengers sinks in the Philippines.

And Australia on top at Lord's. The

visitors down England by 39 runs in

the second one-day international to

take a 2-0 series lead.

Checking the weather for you:

First, a man bashed during a wild

brawl on the goltd coast over the

weekend has died in hospital. Up to

a dozen people were involved in the

fight. A 21-year-old man will front

court this morning.

Witnesses have told police that two

groups of young men came together

outside a Coolangatta hamburger

shop and punches soon followed.

During the fighting, a 22-year-old

man collapsed to the ground,

apparently after he was hit by a

single punch and then began to

convulse violently. He was rushed

to Tweed Heads hospital in a

critical condition with a head

injury, but doctors were unable to

save him. Ten people were detained

by police over the brawl. One of

them - a 21-year-old man - was

later charged with causing grievous

bodily harm. That charge has now

been upgraded to manslaughter.

Locals say street violence is out

of control in the area. In the

evenings, you know, it's not really

a desirable place to be out. The

alleged attacker will face south

port court this morning as police

continue their examination of

nearby store security camera vision,

that could lead to more arrests.

A parliamentary inquiry will be set

up to examine links between the

murder of a Sydney businessman and

alleged corruption within the NSW

Government. Police have reportedly

been handed a tape belonging to

Michael McGurk, which allegedly

implicates senior NSW politicians

in corrupt property deals. The

State Opposition will try to use

its numbers to establish the

inquiry, accusing the corruption

watchdog of losing its bite. My

concern is that in recent times,

ICAC's inner spring has wound down,

particularly when it comes to

tackling issues of State Government

corruption. But former powerbroker

Graham Richardson who has heard the

tape, says it is of poor quality

understood. and much of it can not be

John Howard is recovering at home

after being rushed to hospital

following an allergic reaction. The

former PM was having dental surgery

on Friday when he suffered an anaphylactic reaction to

anaesthetic. He was rushed to

hospital and spent two nights under

observation. Liberal frontbencher

Tony Abbott has spoken to Mr Howard

and said that he's recovering well.

The economy is said to take centre

stage when Parliament resumes this

week. The Greens believe that it is

time the stimulus is reviewed so

taxpayers are not left with

unnecessary debt. Get Ken Henry unnecessary debt. Get Ken Henry

back before the Senate Economics

Committee, so that we can get a

reassessment of Australia's

position in the recession. Bob

Brown also says he'll move for a

senate inquiry into the measures this week.

At least nine people are dead and

30 unaccounted for after a

passenger ferry sank off the

southern Philippines coast. The

call to apand on ship went out when

it started listing badly. Other

boats in the area coming to its aid,

and more than 920 people were

rescued. The vessel eventually went

down carrying its load of 320

litres of oil. The boat owners are

confident that it won't leak. confident that it won't leak.

The British Prime Minister is

facing more tough questions today

over the relationship between Libya

and the UK. Libya supplied arms to

the IRA, but Gordon Brown has so

far refused to demand compensation

tore victims.

Enniskillen, Warrington, Manchester,

where lives were destroyed by IRA

bombs. Bombs most likely made with

semtex made in Libya. And yet, the

Prime Minister, unlike the

Americans, has refused to press

Colonel Gaddafi for compensation. I Colonel Gaddafi for compensation. I

have to say, I think it's wrong.

It's mainly wrong. He is dumping us

and our suffering and main because

he believes that to do otherwise

will damage trade relations with

Libya. Nobody is saying, including

in the case of compensation, that

trade or oil or economics was

getting in the way of doing the

right thing. But the right thing

must be to co-operate with the

State like Libya if they are

changing. But the victims of IRA

terrorism say they should be given

the same compassion from Libya as

the compassion shown to the Lockerbie bomber.

The Beatles long and winding road

is taking a new twist, with the

band finally entering the digital

audio age.

The Beatles Rock Band is the Fab

Four's first video game and is

tipped to become one of the best

selling games, ever. It definitely

is becoming a new legitimate medium

for music to be released in. The

Beatles' entire back catalogue has

been remastered with fans able to

download or buy CDs of the group's

stereo. first four albums entirely in

We start off with good news.

Australia has beaten England by 39

runs in their second one-day

international at lord's. At 250 to

win, the home side started well

enough. They were 0-774 until Shane

Watson struck. -- 0-74.

Ravi Bopara, his first victim

trapped for LBW. In the next over,

Watson had Matt Prior caught behind.

Brett Lee, Nathan Brackan and

Mitchell Johnson also claimed two

wickets each to dismiss England

with three overs to go. The

Australians are 2-0 up in the Australians are 2-0 up in the

seven-match series.

Carlton's Chris Judd admits he was

stupid to make contact with Michael

Rischitelli's face on Saturday

night. The Blues skipper could even

be cited for eye gouging after an

ugly incident in the second quarter.

I was pushing my thumb into a

pressure point behind the ear. And

look, it was a stupid thing to do.

It was a dirty night for Judd with

his team blowing a commanding lead

against the Lions to bow out of the

AFL finals.

On to NRL, and Brisbane has booked On to NRL, and Brisbane has booked

a qualifying match-up with local

rivals Gold Coast after notching a

fifth straight win overnight. The

Broncos far from at their best but

they did enough to down Canberra by 12 points.

It took 20 minutes to break the

deadlock. Corey Parker opening the deadlock. Corey Parker opening the scoring.

scoring. But there was only two

points in it at the break. The

Raiders were putting everything on

the line. COMMENTATOR: My goodness.

But three tries in a row kept

Brisbane safe, wrapping up sixth

spot in the qualifying final

against the Titans. If we can

defend like that going into next defend like that going into next

week, and obviously, attack well,

who knows what can happen with us.

That meant Newcastle finished That meant Newcastle finished

seventh after they crushed Penrith.

Kurt Gidley scores a beauty. We

certainly don't want to make the

semis and be out the following week.

best. We want to be there, and do our

The Knights fine tuning for their

date with the Bulldogs running in

six tries and ending the Panther's

season. I thought we were going to

play semis this year, and it is

shattering for another year to miss

out. While a terrible second half

from the Roosters gifted them the wooden spoon. wooden spoon. from the Roosters gifted them the

Five time World Champion Sebastian

Loeb has been stripped of his Rally

Australia title. It would have

closed the gap to within just one

point, but officials slapped a 1

minute penalty on his citron team

because their anti-roll bars did not comply with the rules.

A strong open is expected on our

market this morning after Wall

Street rallied on Friday. For more,

I'm joined live by Juliana Roadley

from Commsec. What sort of gains

can we expect this morning? Well,

Friday in the US, moving higher.

And some way is was just a pre-

holiday rally in the US ahead of

the close on the markets for the

Labor Day holiday. The NASDAQ up by

35. Our markets set to open up 38

points higher. It can be a quiet

trading day with the US on holiday

tonight, but hopefully the miners

will do well. Gold, even though it

lost $1, still up at $976 an ounce.

That should excite the markets.

What sort of other economic news

should we look out for this week? I

think this week will be all about think this week will be all about

the economic data backing up the

RBA and the Government's view on

the positive economy. We've had

great numbers out from the online

ad service. We've also got the ANZ

job ads out today. Hopefully more

proof that businesses are starting

to rehire. The business survey out

on Tuesday. Wednesday, housing

finance for the month of July. A

bit backwards but still important

for the markets, and we've also got

retail trade with an increase of

0.5%. The first time we're going to

see the sales going it alone

without the Government's stim lulls

and the end of financial year boost

from small bills. Thursday we have

the job ads. We're looking for

around 15,000 people to have lost

their jobs in the last month, but

on the good side, we're hoping that

the unemployment rate will stay at

5.8%. So, a busy week ahead. 5.8%. So, a busy week ahead.

Juliana Roadley from Commsec, thank you for the update.

The G20 summit has wrapped up in

London, but not without some

division. Leaders have failed to

agree on ways to curb massive bank executive bonuses, instead

deferring a decision on the issue

until its next meeting later this

year. However, they did agree

measures to stimulate the economy

were working. We believe that

substantial progress is now being

made. G20 leaders said that

stimulus measures should continue

for some time, while the outlook

for jobs and growth remains weak.

To business in brief, and BHP

Billiton and Rio Tinto are

reportedly considering a $1 billion

merger of the diamond mining

operations in Canada.

Taking a look at the screens for today's weather details:

Checking news websites from around the world:

And the New Zealand Herald says six And the New Zealand Herald says six

teachers at an Auckland school have

been caught with pornography on their computers.

Coming up on the early news, a

burst water main wreaks havoc in downtown LA.

This program is captioned live.

Headlines every 15 minutes on Ten's

Early News. Calls for an inquiry

into links between a high profile

murder and allegations of

corruption within the NSW Government.

A man to face court today over an

alcohol-fuelled brawl on the Gold

Coast that left one man dead.

In sport - third seed Rafael Nadal

forced to work hard for his round

three win at the US Open by his

compat riate.

In finance, our market heading for

a strong start to the week. We'll

cross back to Commsec for all the details.

A parliamentary inquiry will be set

up to examine possible links

between the murder of a Sydney

businessman and alleged corruption

within the NSW Government. Police

have reportedly been handed a tape

belonging to Michael McGurk, which

allegedly implicates senior NSW

politicians in corrupt property

deals. The State Opposition will

try to use its numbers to establish

the inquiry, accusing the

Corruption Watchdog of losing its

bite. My concern is that in recent

times, ICAC's inner spring is wound

down, particularly with issues of

State Government corruption. It's

claimed Mr McGurk, who was killed

last week, was using the tape to

developer. blackmail a Sydney property

A man will face a Gold Coast court

charged over a fatal weekend brawl.

Witnesses say about 10 men were

involved in the fight outside a

shop when a 22-year-old was King

hit and collapsed to the ground. He

was rushed to hospital where he

later died. A 21-year-old man was

initially charged with assault, but

the charge has now been upgraded to

manslaughter. He's due to face the Southport Court this morning.

John Howard is recovering at home

after being rush today hospital

suffering an allege yirk reaction.

The former PM was having mental

surgery when he suffered an

anaphylactic reaction to

anaesthetic. Tony Abbott has spoken

to him and says he's recovering well.

The Opposition is expected to

continue the pressure on the

Government over the economy when

Parliament resumes this week.

Malcolm Turnbull wants the

Government to name its stimulus

exit strategy, despite G20 leaders

endorsing efforts to boost global growth.

The G20 finance ministers class of

2009, and the report card is good.

We believe that substantial

progress is being made. But not on

ways to limit massive executive

payouts. Ministers put off a

decision to cap bonuses until

leaders meet this year. They're

under the thumb at the big end of

town. The Greens believe it is time

to take stock of Australia's

billion dollar stimulus package.

Get Ken Henry back before the

Senate economics committee so we

can get a reassessment of Australia's commitment in the

recession. But the Government's

commitment to stave the course was

bolstered by the London meeting's

decision to wait for signs of

recovering. Ministers believe that

the global economy is fragile. The

situation in other economies is

completely different from Australia.

The economy will take centre stage

when Parliament returns today, and

the Opposition resumes pressure on

the Government to name its stimulus exit strategy.

Tens of thousands of women could be

denied free mammograms because the

breast screening program is now

overloaded. News Limited papers

report a review of Breast Screen

Australia has found that the

program is too overstretched and

fails to reach its screening target.

It is now recommended that women

under 4 or over 75 be restricted

from free -- under 45 or over 75 be

restricted from free mamograms.

A Sydney-based biker will face

court today accused of assault. He

was arrested while visiting two

bikies at an Adelaide prison

yesterday. The 34-year-old and two

men are accused of dragging a man

from his home in May and bashing

him. They're charged with

threatening to kill the victim and

his family and stealing a

certificate saidiless. He'll face

those charges in Adelaide today.

An Irish tourist is feared drowned

after falling from a party boat on

the Brisbane river. The 23-year-old,

who can't swim, was believed to

have been kissing a girl when they

both fell overboard at 10:30 on

Saturday night. She was rescued,

but he hasn't been seen since. It's

a slim hope, but we certainly have

grave fears for his safety, but we

will continue to search for the man.

It's believed that the cruise was

to celebrate a birthday and the man

had been drinking.

A rescue operation has begun in the

Philippines after a super ferry

sank. Nine bodies have so far been

recovered with the number of

casualties expected to climb.

After jumping from the sinking ship,

panicked passengers cling to life

rafts desperate to be rescued. The

super firy with 968 passengers

onboard was travelling off the

southern Philippines coast when it

began listing in of the early hours

of the morning, tilting at a 35

degree angle. It took the crew an

hour to issue a distress signal.

The ship was tipping, so there was

obviously something wrong. There

wasn't a safety factor or the

factor with the lights in there.

Communication, stuff like that.

Eventually, passengers were ordered

to aban on ship and nearby vessels

rushed to the ferry's aid. Nine

bodies have been found, but more

than 930 people have been rescued.

Dozens are still missing. The

rescue and the proper accounting of

the survivors, that is absolutely

the primary objective we have at

the moment. It's not sure what

caused the ship to sink, but the

crew had reported problems with the generator.

Still overseas and a massive water

main has burst into downtown LA

sending thousands of litres of

water cascading through the streets.

The famous boulevard disappearing

under the deluge which forced many people to evacuate their homes.

Some hows and businesses were

damaged, but no-one has been

injured. The ruptured main was

eventually fixed after four hours.

Australia has beaten England by 39

runs in the second one-day

international at Lord's. At 250 to

win, they started well enough. They

were 0-74 until Shane Watson was brought in.

A much-needed breakthrough for

Australia. Ravi Bopara trapped LBW

for 27. In the next over, Watson

had Matt Prior caught behind. Brett

Lee, Nathan Brackan and Mitchell

Johnson also claimed two wickets

each to dismiss England for 20210.

The Australians now up 2-0 in the 7-match series.

To the AFL finals and St Kilda has

scored a commanding 28-point win

over Collingwood at the MCG.

Captain Nick Riewoldt leading the

way with five goals.

After an ordinary month of football,

St Kilda looking to prove the

doubters wrong, and their coach

thinks they've achieved that with yesterday's qualifying final win

over Collingwood. This is a game we

wanted to be in. I mean, that's

what footy clubs exist for, to get

these sorts of games. It's about

taking the opportunity, and at the

end of the day, that's two hours of

footy and it is furthering us in

the competition. The Saints were

led by the inspirational skipper

who eraised any queries about his

inability to shine in September.

The minor premiers get a week off

and are in great shape to take on

the winner of the Bulldogs semi. On

the other hand, Collingwood are not.

An thony Rocca has re-injured his

ankle. Tell me what's fair in loif?

Is life fair? I wake up tomorrow

morning and have breakfast. Half of

Africa won't. Is that fair? So

let's not get caught up in how many

days off we have.

Meantime, the NRL schedule final

has been sorted after the final

round of the regular season concluded overnight:

Last night Brisbane completed the

home and away season, notching a

5th straight win. 22-10 over the

Canberra Raiders.

Spain's Rafael Nadal is through to

round four of the US tennis Open,

but he was forced to work hard to

progress. He was pushed all the way.

COMMENTATOR: Flashes of brilliance COMMENTATOR: Flashes of brilliance

from the back hand side.

Nadal had to take some time out in

the third set with stomach problems,

but he recovered and closed out the set.

Valentino Rossi has extended his

lead in the Live Remote Captioning

Service standings taking out the

late -- the MotoGP standings. He

easily took the chequored flag over

Jorge Lorenzo and Dani Pedrosa.

Superb victory for Valentino Rossi.

Pedrosa's podium moves him into

third, replacing Australian star

Casy Stoner who has missed the last

three rounds with a mystery ill nls.

Strong are expected western the

markets open in a few hours. For a

final preview, let's go to Juliana

Roadley at Commsec. A bumper

session on Wall Street should give

us a boost? Yes, we saw the US

markets moving higher. Some traders

saying that this was a pre-holiday

rally because we had the US Labor

day close in the markets. The DOW

was up by 96 and the NASDAQ up by

35. Our market set to open up 38

points higher. Could be a quiet one

with the US on holiday, but

hopefully the miners will put on a

good show. The Gold Coast, even

though it lost $1, still around

$997 an ounce. And it looks like a

big week of economic news. What

should we be looking out for? This

week I think it is all about the

economic data catching up or

backing up the RBA and the

Government's views about strong Government's views about strong

economies here in Australia. We've

already had some great numbers

coming out from Oliver, the

Internet search add company saying

that they saw growth of 2% in the

last month. ANZ jobs out today. The

print and the online ads, and we're

looking to see that business is

starting to rehire. Wednesday we

have housing finance for the month

of July. And we've also got retail

trade. This is the first time we've

seen the trade figures without the

stimulus. The money coming through

from the Government and also the

boost from the end of financial

year rebates of the small business year rebates of the small business

sector where we're still expecting

to seep an increase of 0.5%. Then

on Thursday, the big one. The job

data. We are still expecting to see

15,000 people to have lost their

jobs in the last month, but

hopefully unemployment will stay

steady at 5.8%.

Something to keep an eye on.

Alarming new figures reveal a third

of the country is at high risk of

financial distress. Research

reveals that 33% of Australian post

codes are in the high risk category

for defaulting on debts. Victorian

suburbs are the most under pressure,

while consumer debt in NSW has

surged 400% since the last recession.

To business in brief, and BHP

Billiton and Rio Tinto are

reportedly considering a $1 billion

merger of the diamond mining

operations in Canada.

And that's the latest from finance

for the day.

Thank you. And speaking of money

matters and money being what people

want, the Beatles long and winding

road is taking a new twist with the

band finally entering the digital age.

The Beatles Rock Band is the Fab The Beatles Rock Band is the Fab

Four's first video game and is

tipped to become one of the best selling games ever.

It definitely is becoming a new

legitimate medium for music to be

released. But wait, there's more.

The Beatles entire back catalogue

is being remastered with fans able

to download the group's first four

albums entirely in stereo.

A check of the weather for you:

That's it for Ten's irly news. The

first 15 minutes of the bulletin first 15 minutes of the bulletin

are available for download from the

Ten News website. I'm Frank

Colletta, join us again tomorrow.

Have a great day. Have a great day.

Supertext Captions by Red Bee Media Australia www.redbeemedia.com.au