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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning, everyone. I'm raup

Wilson And I'm Frank Coletta. This

is Ten's Early News.

Today - without a trace - 228

people feared dead after an Air

France jet vanishes over the

Atlantic Ocean en route to Paris.

And end of an era - auto giant

General Motors files for bankruptcy

protection, becoming the biggest history. industrial failure in American

An Air France jet carrying more

than 200 passengers is believed to

have crashed into the Atlantic

Ocean after suffering an electrical

failure during a storm. The Airbus

A330 was travelling from Rio de Janeiro to Paris, when it

disappeared off the radar. Search

planes are scouring the ocean, but

Air France says it's losing hope of

finding survivors - there are no

reports of any Australians on board.

ANNOUNCER: Passengers waiting for

the Air France flight 447... For

several hours this morning,

relatives on both sides of the

Atlantic clung to the hope the

plane was just experiencing

communication problems. That hope

is now utterly extinguished, and

Air France acknowledges they're

looking at a catastrophe that

played out high over the open ocean

in the dead of night. Relatives who

arrived were quickly taken away for counselling and emotional support.

The head of Air France provided the

first clues as to what may have

gone wrong, saying the plane was

flying through a tropical storm at

contact. around a time the aircraft lost

This is a tragedy that has stunned

both France and Brazil. Air France,

and in particular the A330, has an

excellent safety record. The last

fatal accident involving Air France

was the Concord crash nearly nine

years ago, in which 133 people died.

Inevitably, today's tragedy will

focus on the possibility of

lightning strikes and of severe

turbulence. With the plane lost in

remote waters, finding out

definitively what happened aboard

AF447 will be immensely difficult.

Major news now also in finance,

with Frank Coletta - the end of an

era for GM? That's exactly right,

Ron. Yes, General Motors has become

the biggest industrial failure in

American history after filing for

bankruptcy protection overnight.

President Barack Obama has outlined

a restructure plan and, for more on

this, I'm joined by our US bureau

chief Nicole Strahan in LA. Good

morning, Nicole. What happens now

that GM has filed for bankruptcy?

Good morning, Frank. The General

Motors, as the US public have come

to know it, is gone. Under

bankruptcy, General Motors will be

restructured to become a smaller,

leaner and hopefully a profitable

company. At the moment, the company

produces eight brands. That will be

stripped back to four. There's also

been a commitment for the new

company to produce smaller, more

efficient fuel cars, as well as

that, some of the dealerships

throughout the country will be

closed - many plants will be closed.

There's already talk of 20,000 more

job losses under this restructure

plan. Under bankruptcy protection,

it's expected that the new GM will

emerge in anywhere between 60-90

days' time. The American Government

is propping up the company. How

does that work? Well, Frank,

remember that the US taxpayer has

been propping up GM for some time.

It took on tens of billions of

dollars of loans to GM under the

Bush administration, and now under

this restructure plan, the taxpayer

is dipping into its pocket again to

the tune of $38 billion Australian

dollars. President Barack Obama

says that's necessary in order for

bankruptcy to go ahead and for the

restructure plan to go ahead. As a

result, the US taxpayer will take a

60% stake in the new, smaller

General Motors. But Mr Obama made

it very clear in a media conference

earlier today here in the United

States that the government has no

interest whatsoever in running

General Motors, and he expects the

board and the CEO, Fritz Henderson,

to take this on and to make this

company profitable so that GM can

rise again. He's confident that

that will happen.

I am absolutely confident that if

well-managed, a new GM will emerge

that can provide a new generation

of Americans with the chance to

live out their dreams, that can

out-compete auto-makers around the

world, and that can once again be

an integral part of America's

economic future. That's being

played out in the US. The question

is now, what does this all mean for

GM's operations throughout the

world, particularly here in

Australia? Fritz Henderson, the CEO

Barack Obama, mentioned in of General Motors appointed by

particular the overseas interests

that General Motors has, and made

it very clear that they are not

part of this bankruptcy proceeding

- they are not mentioned at all the

in -- at all in the bankruptcy

papers filed earlier today in the

United States. He said there would

be a trickal- down effect to some

of those manufacturers, without

mentioning Australia in particular

- he said that inevitably there

would be a trickle-down effect as

production slowed down. Remember,

of course, as I mentioned before,

the number of brands that GM will

be producing is going to go from

eight to four, and Australia, in

fact, was producing one of those

brands that will go - that was the

Pontiac. Thank you, Nicole. Nicole

Angeles. Strahan there reporting from Los

Of course, Wall Street traded

without GM on the boards this

morning. I'll be back in a moment

news. with the rest of today's business

Fruenk, thank you.

Victoria is struggling to contain

the swine-flu outbreak, with 306

people across the state now

infected. 13 Victorian schools

remain closed, and more than 3,000

people are in quarantine. The State

Government is expected to upgrade

the threat level from 'contain' to

'sustain' by the end of the week.

It will continue to be assessed

hourly, as well as daily, whether

there are different steps that

should be taken. Meantime, health

officials will this morning issue a

public alert to thousands of fans

travelling to Melbourne for the

rugby league State of Origin. It's

feared the event could trigger the

first general spread of swine flu

when fans return home. The national

swine flu tally now stands at more than 400.

A 39-year-old man has been charged

over the shooting of a policeman

during a siege in Sydney. 52-year-

old Sergeant Stephen de Lorenzo was

shot through the shoulder on Sunday

after responding to reports of an

armed robbery in Rosebery. The

situation escalated with up to five

people taken hostage, and up to

seven shots being fired. The

alleged bandit has faced a bedside

hearing and has been refused bail.

The Government has maintained a

strong lead in the latest opinion

poll, despite attacks from the

Opposition over the May budget.

Supporters of singing sensation

Susan Boyle have rallied around her

amid growing fears she's on the

verge of a nervous breakdown. 48-

year-old Boyle is being treated at

London's Priory clinic after being

behaving strangely at her hotel.

Susan is completely mentally,

physically and emotionally

exhausted. It's as simple as that.

She needs to have a proper rest.

Britain's Prime Minister, Gordon

Brown, has also lent his support -

Boyle finished second in the finale

of 'Britain's Got Talent', but is

expected to sign a multimillion-

dollar record deal in the coming days.

Heading sports news this morning -

Samantha Stosur has become the

first Australian woman to make it

to the French Open quarterfinals in

more than two decades.

Stosur showed the best form,

smashing her French opponent

Razzano 6-1 6-2. In the men's draw,

Roger Federer was pushed to the

limit, coming from two sets down to

beat Tommy Haas. COMMENTATOR:

That's it. Now there's a bit of

emotion... The 5-set thriller keep

Federer's bid for the French Open alive.

Rugby league - the Canberra Raiders

have recorded back-to-back wins

with a victory over Souths in

Sydney last night. The Raiders ran

in six tries to four in the

comprehensive 34-18-point win.

The loss means the Rabbitohs fall

outside the top eight on the NRL ladder.

Back to more finance news with

Frank Coletta. The Reserve Bank is

meeting today? Ron, we won't get

our hopes up, though. The Reserve

Bank board meets in Sydney today

but is expected to hold official

interest rates steady at 3%. Latest

retail figures show Australians are

continuing to spend in the face of

the financial downturn. Sales

rising 0.3% in April. That follows

a 2.2% increase in March.

Recovering in the housing sector is

fuelling the spending, with sales

of furniture, carpets and tiles of furniture, carpets and tiles

jumping nearly 7%. The outcome of

the RBA's meeting will be known at 2:30pm eastern.

Wall Street has advanced on

stronger manufacturing data and

demand from emerging markets for commodities.

Checking the newspapers - 'The

Australian' leads with Hindu

extremists burning effigies of

Kevin Rudd following a series of

attacks on Indian students in Melbourne.

More on that story - 'Business Day'

says BHP and Rio Tinto are headed

for a showdown over iron ore prices

after China rejected proposed cuts

to contract prices. The 'Daily

Telegraph' says a parliamentary

committee has recommended taxpayers

foot the bill for gastric-banding

surge tree fight the obesity epidemic.

The 'Financial Review' reports

there will be unprecedented levels

of scrutiny of company balance

sheets in the lead-up to the annual

reportling season.

Man killed and another seriously

injured in a collision with Taxi.

We made the creamy honey oats on Tuesday. Yeah. Baked apple on Wednesday. Mmm. Love that one. Yesterday, we made original. Correct? Correct. Correct. And today is... Berry. So if we have four flavours in the variety pack, what's tomorrow? Tomorrow's Saturday! WOMAN: Uncle Tobys oats - delicious flavours the whole family will love. As a busy mum, I know it can be tricky finding a balance between a snack that your kids enjoy and one that's good for them too. I'll do tea. I'm drawing. So I'm glad there's new Uncle Tobys Fruit Fix. Not only are they made from 99% fruit ingredients, there's also one serve of fruit in each bar. Best of all, my kids just love them. Here it comes, Mum! As a mum, I don't always get it right. Mum! But with Uncle Tobys Fruit Fix, I've found a nutritious snack everyone can feel good about.

This program is captioned live. This program is captioned live.

Headlines every 15 minutes on Ten's

Early News - military planes have Early News - military planes have

narrowed down their search area off

the coast of Brazil after an Air

France jet disappeared with more France jet disappeared with more

than 220 people on board. than 220 people on board.

And President Barack Obama outlines And President Barack Obama outlines

the future of General Motors after the future of General Motors after

the auto giant files for bankruptcy the auto giant files for bankruptcy

protection under a mountain of debt.

Military planes from France and

Military planes from France and

Brazil are scouring the Atlantic

Ocean for a missing Airbus with 228

people on board. The Air France jet

was on its way to Paris when it

lost contact with air-traffic

controllers. It's believed the

plane may have been hit by

lightning during a fierce storm.

There no reports of any Australians on board.

Family of those on board Air France

flight 447 hugged at Charles de

Gaulle Airport in Paris. The

Gaulle Airport in Paris. The

arrivals board at the airport said

the plane was delayed. Officials

said the plane, en route from to

Paris from Rio de Janeiro, will

never arrive. It hit strong

turbulence 200 miles north-east of

the Brazilian coast. A search is

under way over that area of the

Atlantic Ocean. Officials fear all

228 people on board have little

chance of survival. French

President Nicolas Sarkozy spoke

with reporters after meeting with

distraught family members. He says

he told them the truth, that the

prospect of finding any survivors

is very small, and that the plane

itself will be difficult to locate

because the search area is so

immense. The plane was an Airbus

A330, like this one - French

authorities say the plane may have authorities say the plane may have

been hit by lightning, but aviation

experts say the plane should have

been able to cope with such a

strike. Planes the plane sent an at

automatic signal signalling a

electronic malfpblgz. The pilot had

11,000 hours of flying experience,

including 1, 700 hours flying an Airbus A330.

Frank has more information now on

the bankruptcy plans of a major US

car-maker. They don't get much

bigger, Ron. General Motors has filed for bankruptcy protection,

becoming the biggest industrial

failure in US history. The car

giant will now undergo a massive

restructure in a bid to clear more

than $180 billion in debt. Holden

Australia, which is a subsidiary of

GM, insists it will not be affected.

General Motors made the biggest

detour in its 100-year history into

bankruptcy court in New York. The

GM that many of you knew, the GM GM that many of you knew, the GM

that had let too many of you down,

is history. GM's reorganisation

calls for nine plants to close and

three to sit idle. Up to 20,000

more jobs, a third of GM's

workforce, will be cut. The US

Government will become a 60%

stakeholder. Our goal is to get GM

back on its feet, take a hands-off

approach, and get out quickly.

President Obama says a board of directors and management team will

continue to head up GM. What we are

not doing, what I have no interest

in doing, is running GM. Executives

promised the new GM will be leaner,

stronger and more competitive. They

say the only way to convince people

of that is to produce results. GM

says today marks a defining moment

for the company on what it hopes

will be a speedy road to recovery.

I'll cross live to CommSec shortly

for the rest of today's finance news.

Police are looking for four people

who fled the scene of a fatal car

crash in Sydney's south-west this

morning. One man was killed and

another seriously injured when

their vehicle was hit by a taxi at their vehicle was hit by a taxi at

Punchbowl at around 1:00. The cab

driver and three passengers then driver and three passengers then

fled the scene before emergency

crews arrived. The driver of the

other car remains in hospital in critical condition.

Health officials are preparing to

lift Victoria's swine-flu alert

level after the number of cases

tripled in one day. There are now 401 Australians with the virus.

After a problem plagued a journey After a problem plagued a journey

at sea, relieved passengers

returned to land, swine-flu free.

Wonderful! Wonderful. What a way to

spend isolation! We just made the

most of it, really. It was quite

good. There was concern 2,000

people on board were at risk after people on board were at risk after people on board were at risk a

three crew members tested positive.

But, unlike the last cruise, where But, unlike the last cruise, wh

51 passengers fell ill, the virus

didn't spread. Victoria still has

the bulk of the country's cases,

with over 300 people infected. I

really don't have an answer for you,

oath other than I think we've been

the victim of bad luck. 12 schools

have been closed, and the threat

level may soon be lifted to

'sustain'. It will continue to be

assessed hourly, as well as daily, whether there are different steps

that should be take. NSW health

officials will today issue a public

alert to State of Origin fans

travelling to Melbourne in the hope

of controlling cross-border spread.

A new parliamentary report has

recommended taxpayers should fund

lap-band surgery for obese

Australians. The report found many

are missing out on the surgery

because they can't afford it. It

urges the Government to recognise

obesity as a chronic disease, so

more taxpayer funds can be used to

help those affected. The report

also called for gym memberships to

be made more affordable.

Barnaby Joyce has apologised for an

outburst that's angered disability

groups. The Senator labelled the

Prime Minister a psycho chook who

had a "spack attack." The Spastic

Centre says using the term as abuse

is offensive and unacceptable. The

people who work with them are the

most wonderful people in the world.

The last thing in my mind is

wanting to insult them. The

showing many Australians believe outburst was prompted by a new poll

Kevin Rudd has a nasty streak.

An angry crowd has taken to the

streets in India, protesting

against recent attacks on Indian

students in Australia. The

demonstrators burnt an effigy of

Prime Minister Kevin Rudds a as

they staged a rally in New Delhi.

The protesters are calling on the

Australian Government to take

action after a spate of violent

attacks against Indian students in Melbourne.

Paul Gallen has ended speculation

he'll be stripped of the Cronulla

captaincy by quitting the role

overnight. It caps off a tough few

weeks for the former skipper after

injury ruled him out of the State

of Origin, and he was slap would a

$10,000 fine for a racial slur.

Just hours after accepting a

$10,000 fine for racially abusing

Dragons forward Mickey Paea, Paul

Gallen fronted the Sharks with his

decision to stand down as captain.

He reportedly told club officials

he didn't want to put the side

through any more turmoil. It's

expected Trent Barrett will be

handed the job. Meantime, the State

of Origin players have had their

final public appearance ahead of

Wednesday-night's clash in

Melbourne, and there's plenty of

support for the Queenslanders. Just

coming down the street here, I

couldn't see any blue jerseys.

Hopefully that's the same come

Wednesday night. Blues coach

Natarsha Belling clearly losing the

support of his club mascot to the

north. With three Melbourne players

now standing in Maroon, Storm Man

will probably be excused for

cheering child Queensland. Though

the local support could prove a

problem for Belling's men. I get

the support there's more -- get the

feeling there's more support for

Queensland than NSW here, so we'll

try and use that to our advantage.

Terry Wallace will finish up as

Richmond coach after he and the

club mutually agreed to part ways.

Wallace will coach his final game

on Friday night, ending months of

speculation about his future. No-

one's angry at each other. I'm not

angry with the club or the players.

It was a mutual decision that this

was the right time to step way so

the long journey of 32 years has

finished. Wallace's last game will

be against the Bulldogs, the club

finals. he coached to two preliminary

Samantha Stosur has become the

first Australian woman to make it

to the French Open quarterfinals in

more than two decades.

Stosur showed the best form,

smashing her French opponent

Virginie Razzano 6-1 6-2. In the

men's draw, Roger Federer was

pushed to the limit, coming from

two sets down to beat Tommy Haas.

emotion... That's it. Now there's a bit of

The 5-set thriller keeps alive

title. Federer's bid for a French Open

It's not just about GM today - the

Reserve Bank meets today here. For

more, I'm joined by Juliana Roadley

from CommSec. There's unlikely to

be any movement on rates, we hear?

I think we'll see rates staying

unchanged. Luckily for us, even

when there is no range in aets

rates, we now get a statement from

the RBA. That gives us a current

view on their feelings of how

Australia is ticking along, how our

economy is going, and where they

think it's going to be moving

forward. We feel they'll sit on

their hands for a few more months,

leaving rates at 3%, but we're not

saying it's the end of the rate-

cutting cycle. Finally, what can we

expect on our market? After a huge

rally in the US, it wasn't all

about GM. I think that was old news.

The people were surprised when

General Motors and Citigroup were

removed from the Dow industrial

index overnight. But the Dow going

for a great run, closing up 221

points higher, the Nasdaq up by 54.

Our market is set to open up 60

points higher. The big run

overnight because of commodities -

great announcements coming out of

China yesterday with their

manufacturing numbers - that's

going to really boost our markets

today. It's been very strong.

you. Thanks. Juliana Roadley from CommSec, thank

We'll have more on the Air France

returns. emergency when Ten's Early News

OKAY, HOMER. (HOMER AND MARGE SCREAM) (GASPING)

200 FEET, 50 FEET... IN THE SKY? (GRUNTING)

This program is captioned live.

This is Ten's Early News. Today -

without a trace - 228 people feared

dead after an Air France jet

vanishes over the Atlantic Ocean en

route to Paris. And what happens

now - auto giant General Motors

file for bankruptcy protection,

becoming the biggest industrial

failure in US history.

Heading inthe news this morning -

an Air France jet carrying more

than 200 passengers is believed to

have crashed into the Atlantic

Ocean after suffering an electrical

failure during a storm. The Airbus

A330 was travelling from Rio de

Janeiro to Paris when it

disappeared off a radar. Search

planes are scowering the ocean, but

Air France says it's losing hope of

finding any survivors. There are no

reports of any Australians on board.

ANNOUNCER: Passengers waiting for

the Air France flight 447... For

several hours this morning,

relatives on both sides of the

Atlantic clung to the hope the

plane was just experiencing

communication problems. That hope

is now utterly extinguished. And

Air France acknowledges they're

looking at a catastrophe that

played out high over the open ocean

in the dead of night. Relative

whose arrived at Charles it gall

Airport were quickly taken way for

counselling and emotional support.

The head of Air France provided the

first clues as to what may have

gone wrong. Saying the plane was

flying through a tropical storm at

around a time the aircraft lost

contact. This is a tragedy that has

stunned both France and Brazil. Air

France, and in particular the A330,

has an excellent safety record. The

last fatal accident involving Air

France was the Concord crash nearly

nine years ago in which 133 people

died. Inevitably, today's tragedy

will focus on the possibility of

lightning strikes and of severe

turbulence. With the plane lost in

remote waters, finding out

definitively what happened aboard

AF447 will be immensely difficult.

Let's go back to Frank now with

more on the end of an era for a car

giant in the US? First it was

Chrysler, now General Motors -

they've become the biggest

industrial failure in American

history after filing for bankruptcy

protection overnight. President

Barack Obama has outlined a

restructure plan and, for more on

this now, I'm joined by our US

bureau chief Nicole Strahan in Los

Angeles. Nicole, what happens now

that GM has filed for bankruptcy?

Well, the 100-year-old company

known as General Motors is gone,

and in its place will emerge a new

General Motors under bankruptcy. It

will be restructured, it will be

smaller, leaner, and hopefully more

profitable. Apparently going to

produce smaller, more fuel-

efficient cars. The number of

brands it produces will be cut from

eight to four. The number of plants

and dealerships around the country

will be cut. 20,000 more jobs are

expected to go by the end of the

year. But also under this

restructure plan, General Motors is

also getting some more taxpayer

dollars. In fact, $38 billion

Australian dollars from the US

Treasury. As a result, US taxpayers

will take a 60% stake in the new

General Motors. President Barack

Obama, at a meetia conference

earlier today, said the support for

the new General Motors was

necessary so that it could emerge

again, and again provide jobs for

many Americans. I am absolutely

confident that if well-managed, a

new GM will emerge that can provide

a new generation of Americans with a new generation of Americans with

the chance to live out their dreams,

that can out-compete auto-makers

around the world, and that can once

again be an integral part of

America's economic future. OK.

That's happening there in the US.

What does this all mean for GM's

operations throughout world,

particularly focusing on Australia,

Nicole? Frank, the CEO of General Motors, Fritz Henderson, said

earlier today that this bankruptcy

only affected the operation in the

United States - no other sections

of the company outside the US,

including Australia, are listed in

the bankruptcy papers filed earlier

today. And late last night, as I

understand it - I've got a copy

here of the statement from the

General Motors Holden CEO - he said

that in Australia, "We will

continue normal operations and do

not expect any changes as the

result of this bankruptcy "here in

the United States. We hope that's

the case. Nicole Strahan reporting from LA.

Wall Street finished strongly. Back

with in a moment with the rest of today's news. Victoria is struggling to contain

the swine-flu outbreak, with 306

people across the state now

infected. 13 Victorian schools

remain closed and more than 3,000

people are in quarantine. The State

Government expected to upgrade the

threat level from 'contain' to

'sustain' by the end of the week it.

Will continue to be assessed hourly,

as well as daily, whether there are

different steps that should be

taken. Health officials will this

morning issue a public alert to

thousands of fans travelling to

Melbourne for the State of Origin.

It's feared the event could trigger

the first general spread of swine

flu when fans return home. The

national swine flu tally now stands

at more than 400.

A 39-year-old man has been charged

over the shooting of a policeman

during a siege in Sydney. 52-year-

old Sergeant Stephen de Lorenzo was

shot through the shoulder on Sunday

after responding to reports of an

armed robbery in Rosebery. The armed robbery in Rosebery. The

situation escalated, with up to

five people taken hostage, and up

to seven shots being fired. The

alleged bandit has faced a bedside

hearing and has been refused bail.

An angry crowd has taken to the

streets in India, protesting

against recent attacks on Indian

students in Australia. The

demonstrators burnt an effigy of

Prime Minister Kevin Rudd as they

staged a rally in New Delhi. The

protesters are calling on the

Australian Government to take

action after a spate of violent

attacks against Indian students in

Melbourne.

The Government has maintained a

strong lead in the latest opinion

poll, despite attacks from the

Opposition over the May Budget.

New research shows having more than

one alcoholic drink a day

dramatically increases your risk of

bowel cancer. It's also been reveal

people who eat lots of meat have a

20% higher chance of developing the

disease than those who don't.

Obesity, diabetes and smoking are

also strong factors in increasing

your bowel-cancer risk. 4,000

Australians die from bowel cancer every year.

Supporters of singing sensation

Susan Boyle have rallied around her

amid droing fears she's on the

verge of a nervous breakdown. 48-

year-old Boyle is being treated at

London's Priory clinic after

behaving strangely at her hotel.

Suezson completely mentally,

physically and emotionally

exhausted. It's as simple as that.

She needs a proper rest. Britain's

Prime Minister Gordon Brown has

also lent his support. Boyle

finished second in the finale of

'Britain's Got Talent', but is

expected to sign a multimillion-

days. dollar record deal in the coming

Samantha Stosur has become the

first Australian woman to make it

more than two decades. to the French Open quarterfinals in

Stosur showed the best form,

smashing her French opponent,

Virginie Razzano, 6-1 6-2. While in

the men's draw, Roger Federer was

pushed to the limit, coming from

two sets down to beat Tommy Haas.

COMMENTATOR: That's it. Now there's

a bit of emotion... The 5-set

thriller keeps arrive Federer's bid

for a French Open title. Rugby

league - the Canberra Raiders have

recorded back-to-back wins with a

victory over South Sydney last

night. The Raiders ran in six try

to four in the comprehensive 34-18- point win.

The loss means the Rabbitohs fall

outside the top eight on the NRL ladder.

Terry Wallace will finish up as

Richmond coach after he and the

club mutually agreed to part ways.

The decision, which will see

Wallace coach his final game on

Friday night, ended months of

speculation over his future. No-

one's angry with each other. You

know, the club's not angry with me.

I'm not angry with the club Y not

I'm not angry with the club Y not

angry with the players. It was just

a mutual decision that this was the

right time to step away. So the

right time to step away. So the

long journey of 32 years has

finished. Wallace's last game will

be against the Bulldogs, the club

finals. he coached to two preliminary

Back to more finance with Frank -

the Reserve Bank board meeting

today? That's right, Ron. We're not

very hopeful of any downward

movement - the Reserve Bank board

meets in Sydney today but is

expected to hold official interest

rates steady at 3%. Latest fetail

figures show Australians are

continuing to spend in the face of

the financial downturn, sales

rising 0.3% in April. Recovery in

the housing sector is fuelling the

spending, with the sale of furniture, carpets and tiles

jumping nearly 7%. The outcome of

the RBA's meeting will be known at

2:30pm eastern.

Wall Street advanced on stronger

Wall Street advanced on stronger manufacturing data there, and

demand from emerging markets for

commodities. The Dow Jones up 211

points - a 2.7% jump.

To business in brief: Charles Gaulle.

Checking news websites from around

the world this morning - 'The New

York Times' looks at General

Motors' filing for bankruptcy, with

debts of more than US$170 billion. debts of more than US$170 billion.

The New Zealand 'Herald' says

family and friends of a zookeeper

mauled to death by a white tige

seeking public help to have his

body returned home. body returned home.

The Chinese Government has been

assured its massive US-dollar

investment. holdings are still a sound

A serious collision with a taxi in

Sydney this morn - details when

Ten's Early News returns. NELSON... GOOD MORNING, I'M FIONA PETER SHARP, HAS BEEN GIVEN FIRST, CANBERRA DOCTOR GIVEN THE A-M-A'S EXCELLENCE IN HEALTH CARE AWARD, AT THE MEDICAL ASSOCIATION'S NATIONAL CONFERENCE. SHARP, WHO WAS LAST YEAR RECOGNISED AS THE A-C-T'S LOCAL HERO, WAS AWARDED FOR HIS ONGOING WORK AS A ONGOING WORK AS A MEDICAL DIRECTOR OF WINNUNGA WINNUNGA (NIMM-IT-IH-JAH) NIMMITYJAH ABORIGINAL HEALTH SERVICE. A 19 YEAR OLD YASS MAN, IS DUE TO FACE COURT LATER HIS LICENCE DISQUALIFIED... TODAY, AFTER ALREADY HAVING CHARGED WITH DRINK DRIVING, DISQUALIFIED... HE'S BEEN THIS YEAR. IN COMUR STREET EARLIER OVER DRIVING DRIVING INTO HE WAS ALLEGEDLY PULLED POLDING STREET THE WRONG DRIVING DRIVING INTO WAY. BREATH TESTED, THE MAN POLICE SAY, WHEN HE WAS - FOUR - FIVE. ALLEGEDLY BLEW POINT - ONE R-T-A SAYS, IT WILL COST BACK IN THE A-C-T, AND THE

FROM JULY THIS YEAR. MORE TO REGISTER YOUR CAR, THREE AND A HALF PER CENT THERE'S LIKELY TO BE A COSTS... THAT MEANS, IT'LL INCREASE IN REGISTRATION COST AROUND 13 DOLLARS MORE, TO REGISTER THE AVERAGE SIX CYLINDER FAMILY CAR EACH YEAR. DRIVERS LICENCES, ARE ALSO SET TO COST MORE ... AS MUCH AS A HUNDRED AND 45 DOLLARS A YEAR... IN LINE WITH NEW SOUTH WALES PRICES. TO SPORT, AND CAPITALS COACH, CARRIE GRAF, AND THE CAPITALS COACH, CARRIE GRAF, AND THE AUSTRALIAN

OPALS, HAVE WON THEIR SECOND ROUND CLASH, AT THE IN PARIS. THE EUROESSONNE TOURNAMENT NAT HURST, HELPED THE SIDE CANBERRA'S ABBY BISHOP, AND HUNGARY 84 TO 80... THEY'LL HURST, HELPED THE SIDE BEAT

NOW TAKE ON FRANCE, BEFORE DECIDED. THE COMPETITION'S WINNER IS TODAY'S WEATHER... NOW HAVING A LOOK AT

THROUGH THE REGION AND IS AN UPPER TROUGH EXTENDS OVER MUCH OF INLAND NEW PRODUCING PATCHY RAINFALL INLAND NEW SOUTH WALES AND RAINFALL OVER MUCH OF ACROSS THE A-C-T. WET IN MOST CAPITAL CITIES LOOKING ACROSS THE NATION - AND SYDNEY TODAY - THE - LIGHT RAIN FOR CANBERRA MELBOURNE CHANCE OF RAIN FOR CHECKING WHAT TO EXPECT ACROSS SOUTHERN NEW SOUTH WALES - AND THAT'S PLENTY OF RAIN - DUBBO, WAGGA AND THAT'S PLENTY OF RAIN - DUBBO, WAGGA AND ALBURY ARE ALL HEADING FOR 16 DEGREES RAIN AND 15 FOR BATHURST AND BATEMANS BAY - 13 THE BATEMANS BAY - 13 THE TOP FOR BOWRAL - SEVEN FOR PERISHER WET AND 17 FOR MUDGEE - 14 FOR COOMA - RAIN AND SNOW FOR THREDBO WITH AN EXPECTED TOP OF FIVE EXPECT WET CONDITIONS AND A LOOKING AHEAD - WE CAN CONDITIONS AND A TOP OF 15 WE CAN EXPECT WET LIGHT RAIN TOMORROW AND FOR THE REST OF THE WEEK - THURSDAY

This program is captioned live.

Headlines on the quarter-hour on

Ten's Early News - an Air France

jet has disappeared, with more than

220 people on board. Military

planes have now narrowed down their

search area off the coast of Brazil.

And President Barack Obama outlines

the future of General Motors after

it files for bankruptcy protection

under a mountain of debt.

Military planes from France and

Brazil are scouring the Atlantic

Ocean for a missing Airbus with 228

people on board. The Air France jet

was on its way to Paris when it

lost contact with air-traffic

controllers. It's believed the

plane may have been hit by

lightning during a fierce storm.

There are no reports of any

Australians on board.

Relatives in France cover their

faces in shock as they find out the

plane carrying their loved ones

disappeared. French authorities

call it a catastrophe. The Airbus

330 left Rio de Janeiro for Paris

Sunday no night with 228 people on

board. Officials believe the

aircraft flew into powerful

thunderstorms about four hours into

the flight off the coast of Brazil.

The plane sent an automatic signal

indicating electrical failure and a

loss of cabin pressure. That was

the last contact with the aircraft.

Air France officials said it's

possible the plane was struck by

lightning, but aviation experts

doubt a bolt of thoigt light thing

could cause the plane to crash.

There was no mayday call from the

pilots, indicating whatever brought

the plane down brought it down

quickly. Dozens of family members

have been waiting here at Charles

de Gaulle airport in Paris - de Gaulle airport in Paris -

they're being told it could be days

or even longer before they find out

exactly what happened to their

relatives. French President Nicolas

Sarkozy says he told those waiting

the truth - that the prospects of

finding survivors are very small.

He asked America to provide

satellite equipment to find the

plane, since the search area is so

vast. Most of those on board were Brazilian and French.

Finance with Frank - the bankruptcy

plan finally in place for GM.

That's right. General Motors has

filed for bankruptcy protection,

becoming the biggest industrial

failure in US history. The car

giant will undergo a massive

restructure in a bid to clear more

than $180 billion in debt. Holden

Australia, which is of course a

subsidiary of GM, says it will not be affected.

General Motors made the biggest

detour in its 100-year history into

bankruptcy court in New York. The

GM that many of you knew, the GM

that in fact had let too many of

you down, is history. GM's reorganisation calls for nine

plants to close and three to sit

idle. Up to 20,000 more jobs - a

third of GM's workforce - will be

cut. The US Government will become

a 60% stakeholder. Our goal is to

get GM back on its feet, take a

hands-off approach, and get out

quickly. President Obama says a

board of directors and management

team will continue to head up GM.

What we are not doing - what I have

no interest in doing - is running

GM. Executives promise the new GM

will be leaner, stronger and more

competitive. They say the only way

to convince people of that is to

produce results. GM says today

marks a defining moment for the

company on what it hopes will be a

speedy road to recovery.

That's the main story beens. I'll

cross live to CommSec shortly for

the rest of today's finance news.

Victoria is struggling to contain

the swine-flu outbreak, with 306

people across the state now

infected. 13 Victorian schools are

closed, and more than 3,000 people

are in quarantine. The State

Government is expected to upgrade

the threat level from 'contain' to

'sustain' by the end of the week.

It will continue to be assessed

hourly, as well as daily, whether

there are different steps that

should be taken. Meantime, health

officials will this morning issue a

public alert to thousands of fans

who are travelling to Melbourne for

the State of Origin. It's feared

the event could trigger the first

general spread of swine thru when

fans return home. The national

swine-flu tally now stands at more than 400.

Civil libertarians say publicly

naming the person of interest in

the abduction of Daniel Morkham

could jeopardise the information. Paedophile Douglas Brian Jackway

isn't a suspect, but was named as a

person of interest on a current-

affairs program. Jackway was placed

near Mor, kway's disappearance six

years ago. When this named person

gets out of jail, he'll also be a

marked man, like Ferguson was. Will

the media apologise? No. Police

have been flood would hundreds of

calls from the public but won't comment on the investigation.

Police are looking for four people

who fled the scene of a fatal car

crash in Sydney's south-west this

morning. One man was killed and

another seriously injured when

their vehicle was hit by a taxi at

bunchble at around 1:00. --

Punchbowl. The cab driver and three

survivors fled the scene before

emergency crews arrived.

Emergency crews say it's lucky no-

one was hurt when a strain caught

fire on a goods train as it passed

through Roads station shortly

before midnight. It's still not

known what caused the blaze, though

it's not expected to have any

impact on commuter services this

morning. A new parliamentary report

has recommended taxpayers should

fund lap-band surgery for obese

Australians. The report found many

are missing out on the surgery

because they can't afford it. It

urges the Government to recognise

obesity as a chronic disease so

more taxpayer funds can be used to

help those affected. Barnaby Joyce

has apologised for language that's

outraged disabled groups. The

Senator labels the Prime Minister a

psycho chook who had a "spack attack."

It was an outburst prompted by a

new poll showing many Australians

believe Kevin Rudd has a nasty

streak after reports he abused an

RAAF flight attendant - 43%

believed he could be mean, and

Senator Barnaby Joyce agreed. The

guy's a psycho chook. Who in their

right mind gets onto a plane and

because he does doesn't good the

right-coloured bird seed has a

spack attack and tears some lady in

a uniform apart. That's a really

disappointing language for a senior

politician in 2009 to be using. The

Spastic Centre said using the term

as abuse was offensive and

unacceptable. Senator Joyce agreed,

and apologised. He said he was

horrified when he understood what

he'd said. It was a statement of

ignorance. These are the most

wonderful people in the world, and

the people who work with them are

the most wonderful people in the

world. The last thing in my mind is

wand wanting to insult them. He

doesn't apologise for attacking

Kevin Rudd, saying he's just

standing up for those who find

themselves at the wrong end of the

Prime Minister's wroth.

The Opposition's attack on debt and

deficit is biting and bringing out

the worst in our leaders. I mean,

how stupid can you people be?

Paul Gallen has ended speculation

he'll be stripped of the Cronulla

captaincy by quitting the role

overnight. It caps off a tough few

weeks for the former skipper after

injury ruled him out of the State

of Origin and he was fined for a

racial slur.

Just hours after accepting a

$10,000 fine for racially abusing

Dragons forward Mickey Paea, Paul

Gallen fronted the Sharks with his

decision to stand down as captain.

He reportedly told club officials

he didn't want to put the side

through any more turmoil. It's

expected Trent Barrett will be

handed the job. Meantime, the State

of Origin players have had their

final public appearance ahead of

Wednesday-night's clash in Melbourne. There's plenty of

support for the Queenslanders. Just

coming down the street here, I

couldn't see any blue jerseys.

Hopefully that's the same come

Wednesday night. Blues coach

Natarsha Belling clearly losing the

support of his club mascot to the north. But with three Melbourne

players now standing in Maroon,

Storm Man will probably be excused

for cheering Queensland - though

the local support he's encouraging

may prove a problem for Belling's

men. I get the feeling there's more

support for Queensland here than

NSW, so - try and use that to our advantage.

Terry Wallace will finish up as

Richmond coach after he and the

club mutually agreed to part ways.

The decision, which will see

Wallace coach his final game on

Friday night, ends months of

speculation over his future.

No-one's angry with each other. You

know, the club's not angry with me,

I'm not angry with the club, I'm

not angry with the players. It was

a mutual decision that this was the

right time to step away. The long

journey of 32 years has finish. At

least nobody's angry. Wallace's

last game will be against the

Bulldogs, the club he coached to

two preliminary finals.

Samantha Stosur has become the

first Australian woman to make it

to the French Open quarterfinals in

more than two decades.

Stosur showed the best form,

smashing her French opponent,

Virginie Razzano, 6-1 6-2. In the men's draw, Roger Federer was

pushed to the limit, coming from

two sets down to beat Tommy Haas.

That's it. Now there's a bit of

emotion... The 5-set thriller keeps

alive Federer's bid for a French Open title.

The reserve Bank board meets today,

and for more on that, I'm joined

now by Juliana Roadley from CommSec.

Tell us - is there likely to be any

movement on rates at all? The

market is hoping there won't be any

movement. I don't think there will

be. I think they'll leave rates at

3%, a 49-year low. The Government

and the RBA both working together

trying to do whatever they can to

help the Australian economy at the

moment. There's a lot of kick-

starts in our markets at the moment

- I think they'll be able to sit on

their hands for some time now.

Finally, what can we expect on our

market when it opens? Well, huge

rally in the US overnight - the Dow

closing up 221 points higher, the

Nasdaq up by 54 points. We all knew

that General Motors was going to be

announcing bankruptcy, so that was

taken in its stride. But the

removal of General Motors and

Citigroup from the Dow was a big

issue. And also, some great manufacturing numbers coming out

from the US boosting the strong

manufacturing numbers out from

China the previous day, which is

now at a 10-month high in China.

All will help our markets today.

The spi setting up for a 60-poin

gain at the open. Thank you. Thanks.

Briefly - Chinese steel-makers have

rejected the price cut for iron ore

that was negotiated between Rio

Tinto and Japan's nipen steel.

China says the cuts don't go far

enough and would lead to major

losses across the country's steel industry.

20,000 jobs lost for General Motors.

And a $2.7 billion casino for James

Packer in Macau.

A wedding has been celebrated in

what's believed to be the home of

Juliette's family from 'Romeo and

Juliet'. It's the first time lovers

have said "I do" in the house in

which Romeo and Juliette gave their

love to each other.

Recapping the main stories today -

an Air France passenger jet has

disappeared, with more than 220

people on board. Military planes

have narrowed down their search

area off the coast of Brazil.

And auto giant General Motors files

for bankruptcy protection, becoming

the biggest industrial failure in American history.

That's it for Ten's Early News. The

first 15 minutes of this bulletin

are now ready for download from the

10Tennews.com.au website. I'm Ron

Wilson. See you again tomorrow

morning. And I'm Frank Coletta.

Have a great day.

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