Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Disclaimer: The Parliamentary Library does not warrant the accuracy of closed captions. These are derived automatically from the broadcaster's signal.
Ten Early News -

View in ParlView

(generated from captions) Good morning, everyone. I'm Ron

Wilson. I'm Frank Coletta. Welcome to Ten's Early News. Top stories today:

Two gunmen still on the run after

shooting dead Desmond Moran at a Melbourne cafe.

The Coalition closes the gap on

Labor in the popularity stakes as

Malcolm Turnbull is given another

reason to relax.

And in sport - roosters forward

Willie mason set to fly the coop

and play rugby union in Japan.

Heading today's news, there are

fears of a new wave of gangland

violence in Melbourne after the

execution-style killing of Desmond

'Tuppence' Moran, the brother of

underworld figure Lewis Moran. For

the latest, let's go to Ten

Melbourne newsroom. reporter Hermione Kitson in our

Are police any closer to catching

the two gunmen involved? Ron, no

they're not. The two masked gunmen

responsible for this brazen broad-

daylight murder, are still on the

run. It was, of course, lunchtime

yesterday when they entered Des

Moran's favourite Delhi and shot

him in the head three times. They

then ran outside and up the busy

street and were then picked up by a

dark-coloured car. Being on such a

busy road at such a busy time of

day, the shooting took place in

front of dozens of witnesses.

Police are speaking with the

those responsible. witnesses in the hope of catching

those responsible.

Well, of course, it was only a

couple of months ago that Desmond

Moran made headlines after the

first attempt on his life.

Absolutely. It was three months ago

when he cheated death when a shot

was fired into the front windscreen

of his car. Yesterday, of course,

he wasn't so lucky. Coincidentally,

his death yesterday marked the

ninth anniversary of the murder of

his nephew, Mark. He's the fourth

Moran to be killed since 2000. His

other nephew, Jason and brother

Lewis, were also gunned down.

Police are on high alert, concerned

about revenge attacks. Of course

they must be. Thank you.

Malcolm Turnbull will head to the

next election free from any further

speculation about a leadership

challenge from Peter Costello. Mr

Costello has declared he is

retiring from politics. The

announcement brought praise from

both sides of Parliament. It is

just possible that both sides of

the Despatch Box are happy with the

announcement that I've made, Mr

Speaker. I think I might miss him.

We've been rivals in the Parliament,

sparring partners, if you like, for

a long period of time. I did, of

course, spend three years as

Shiseido Treasurer. Peter Costello

has spent 20 years in Parliament,

11 of them as Federal Treasurer.

The Coalition is closing the gap on

Labour in the latest Newspoll.

Today's survey in the 'Australian'

shows the Opposition gaining two

points in the primary vote while

Labor has lost ground. The

Coalition are just one point behind

the Rudd Government but Labor still

has a comfortable lead on a two-

party-preferred basis.

Hundreds of schoolchildren remain

in quarantine as swine flu spreads

across the country. Dozens of

schools have been closed, including

a University College in Queensland.

Swine flu has infected more than

1,700 Australians and it's

spreading fast. Schools are now

desperate to keep the virus out.

A Year 10 student tested positive

at South Australia's Christian

Brothers college. His classmates

have now been sent home. In Sydney,

60 boarders at the King's School

have been isolated. At the moment,

we've got no cases but we're being

careful and I think that's

appropriate. They're being careful,

too, in Perth. Five confirmed cases

at Wesley college have forced 150

students into quarantine and this

federal MP. I had friends drop off

milk and videos for Jarrod last

night. Several schools remain

closed in Queensland. This

University College has also been

hit. In South Korea, the Australian

under-21 lacrosse team is expected

to play today without 17 of its

players, still in lockdown.

The NSW and Queensland governments

will today hand down their budgets.

The Sunshine State will lose its

AAA credit rating, with Treasurer

Andrew Fraser set to unveil a

deficit of nearly $2 billion. The

government has already flagged a

petrol price hike and the sale of

$15 billion in assets. South of the

border, Premier Nathan Rees's first

budget is likely to be close to

$1.5 million in the red with major

infrastructure. spending on health, education and

A father of two has been crushed to

death while repairing his beloved

car. The 48-year-old from Adelaide

was under the car when the trolley

Jack slipped, pinning him by the

upper body. The man's partner made

the discovery

the discovery and alerted

paramedics. He kept to himself.

Very quiet. Beautiful couple. And I

just waved to him, I just waved to

him half an hour before I saw all

the commotion. Neighbours say the

car was the man's pride and joy.

Child protection advocates are

furious a known paedophile has been

caught taking pictures of children

in Brisbane. Graham Paul Hancock

was on parole and had been fitted

with a tracking bracelet after

serving five years for the rape of

two young boys and a girl. He was

arrested for allegedly taking

photos of children, including a

naked 4-year-old girl playing on

Southbank beach.

Cl have been clashes between police and protesters angry about the

election results in Iran. Shots

rang out as more than 100 tow

thousand protesters surged into the

centre of Tehran despite a ban on

demonstrations. The crowds came to

see opposition leader Mir Hossein

Mousavi, who believes the vote was

rigged. Protesters gathered outside

the British and French embassies in

Tehran, hurling eggs at the

buildings in protest at foreign interference.

In sport this morning, North

Melbourne's season has gone from

bad to worse. Already struggling on

the field, the Kangaroos have been

hit with another major injury and

future. speculation about the coach's

He looked happy enough yesterday,

but North Melbourne chairman James

Brayshaw admits he's frustrated by

the Dein Laidley situation. The

coach is out of contract at season's end but

season's end but insists he be told

his fate by July 19, leaving the

club open for intense speculation.

The only reason we're looking for

it now is because of a clause Dean

wanted in his contract. It's not

ideal. We'd rather do it at the end

of the day. Glenn Archer has been

appointed to the panel which will

decide the coach for next season,

prompting claims of a conflict of prompting claims of a conflict of

interest, given he manages several

current players. I thought it was

disrespectful of Glenn, a legend of

our club and an honest person full

of integrity. He's not compromised

at all. Jack Siebel will miss the

rest of the season with a fracture.

Controversial Sydney roosters

forward Willie mason is set to walk

out on rugby league to take up a

rich deal with rugby union in Japan.

Roosters coach Brad Fittler spoke

to him during the week after

learning. The player's manager had

met with several Japanese clubs.

Fittler gave Mason his blessing to

leave at the end of the year.

NSW selectors have made five changes from Game changes from Game I.

Selectors decided to drop Terry

Campese in favour of Trent Barrett.

It will be the 31-year-old's first

game in sky blue since 2004. He's

been there and done that so, um,

like I said, he's played well in

the last month. Queensland will announce their side today.

Check of all the morning's finance

news now with Frank. First it took

one bank to go for high interest

rates. Now they're lining up.

Despite what we've heard from Kevin

Rudd and Wayne Swan, warnings that

it might undermine the economy,

Westpac and NAB have quietly

followed the Commonwealth Bank's

lead, announcing increases to

fixed-term home loan rates. Westpac

has lifted rates on its one-year

lone by 10 points. Rates on 3- 4-

and 5-year loans have risen by 0.5%

T National Australia Bank has

increased charges on 2- to 5-year

set mortgages by between 15 and 40

basis points.

Australians are wary about

increasing their debt. Latest

figures show personal loans down 9.4% on a year

9.4% on a year ago. The largest

drop was in new car sales, down

26.2% from 2008. However, with the

official RBA cash rate at 3%, home

loans were up nearly 2% that. Is

the seventh straight monthly rise.

New concern over the American

economy and falls in resource

shares dragged Wall Street down.

The Dow Jones was off 17 points,

the NASDAQ 42.

Airbus has sold 24 new jets to

Qatar airways at the Paris air show

despite fears the financial crisis

would affect sales.

The reserve bank will today release The reserve bank will today release

the minutes of its meeting this

month when official interest rates

were left on hold. were left on hold.

And James Hardie Industries is

seriously considering moving its

corporate headquarters out of the corporate headquarters out of the

Netherlands for tax reasons.

Checking newspaper front pages today.

The 'Herald Sun' has more on the

execution-style murder of

underworld figure Des 'Tuppence'

Moran in Melbourne. The hunt

continues for the gunmen.

'Business Day' seas ASEAN yeo has

launched capital raising. And the

end of an era. The 'Australian' has

more on Peter Costello's decision

not to contest the next election,

ending any speculation of a

leadership challenge against

Malcolm Turnbull. And the

'Financial Review' reports the

worldwide web will open up, allowing businesses, individuals

and even nations to set up their

own online domains. Still ahead -

the dog with nine lives A pint-

sized puppy survives a trip down

the toilet? Stay with us. (METALLIC SCRAPING) (CHEERY JUG BAND MUSIC PLAYS) (CHOIR WHISTLES 'THIS OLD MAN') (POPPING) (CHEERING) (POPPING) We are covered for flood damage? Mmm. We're with GIO. Flood cover wasn't an optional extra, was it? I mean, it wasn't a box we should have ticked but forgot, was it? No. It's automatically included.

But they don't include flash floods, do they? Yes, they do. And storms, rising rivers, flooding from dishwashers

and hot-water systems, burst pipes, tsunamis. Well, that's a relief. Mmm. Switch to GIO Home and Contents Insurance with automatic flood cover.

Headlines every 15 minutes on Ten's Early News.

A major manhunt under way in

Victoria after Desmond 'Tuppence'

Moran was shot dead at a busy cafe.

Dozens of schools closed across the

country due to swine flu as the

number of confirmed cases of the

virus reaches 1,700. A protest

A protest is shot dead and hundreds

are injured in Iran.

And the little pooch that survived a trip down the toilet.

Police are still hunting two gunmen

who shot dead the last male member

of the notorious gangland family

the Morans. The broad-daylight

execution-style murder in Melbourne

has sparked fears of revenge attacks. The body

The body of notorious underworld

figure Desmond 'Tuppence' Moran is

wheeled away from the Delhi he

gisted detailaway. There are fears

his murder may reignite Melbourne's

gangland war. I saw the blood. He

was lying on his side. I saw blood

around his head. Hit took place in

full view of diners and shoppers.

Two masked men entered the cafe and

fired a number of shots. There are

some spent casings at the crime

scene. The pair fled up the main

road before being picked up by a

dark-coloured car. Both are still

on the run. Knew it was going to

happen. I spoke to someone who was

bodyguarding for 'Tuppence' the

other week and that and he said

drama was going down. 'Tuppence'

was targeted three months when a

shot was fired at his car. He's the

fourth Moran to be killed since

2000. His two nephews, Jason and

Mark, and his brother Lewis were

also gunned down. That's it, you

know. The Morans are done and finished.

The Coalition has gained some

ground on Labor in the popularity

stakes. The latest Newspoll,

published in today's Australian

shows its move to within one point

of Labor in the primary vote. The

Coalition has closed the gap in the

two-party-preferred stakes. It's

well Connell news for Opposition leader Malcolm Turnbull who heads

to the next election free of any

speculation about a leadership

challenge from Peter Costello.

Praise for the former Treasurer who

has finally answered the will-he-

or-won't-he question. Mr Speaker,

Peter Costello for all his years Peter Costello for all his years in

this Parliament, 20 years, has

stood on the side of freedom and

enterprise. He has served our

nation well. We salute him and we

thank him for his service. For

having been Treasurer of the

Commonwealth for virtually 12 years

is, of itself, a further credit to

the individual member's talents and

abilities. His decision not to come

back at the next poll is clearly a

relief for the Opposition leader

who will no longer have to look

over his shoulder. It is just

possible that both sides of the

Despatch Box are happy with the

announcement that I have made, Mr

Speaker. He believes Australia's

best years are ahead and says it's

been a great prifltoij have served

in the Parliament. Peter Costello

will also be remembered as the

prime minister who never was. He

made no mention of the man who

stood in the way of his ambitions

for the top job but in a statement,

John Howard wished his former

deputy well and praised his record.

Mr Costello's closest allies say

the decision not to challenge won't

be a lasting regret. The Peter

Costello I know never looks back.

And what lies ahead could still

provide an opportunity. WA's

Premier had announced his

intentions to resign before being

called back to lead.

Hundreds of schools across the

country remain shut as swine flu

spreads. More than 1,700 cases have

now been confirmed in Australia. 10

people are in hospital. Schools in

almost every state have been closed.

At the King's School in Sydney, 60

primary schoolboys have been

isolated. At the moment, we have no

cases whatsoever but we're being

careful and I think that's appropriate. This University

College in Queensland has also been

hit. Students are taking Tamiflu.

A 12-year-old girl is set to become

one of the youngest ever mothers in

NSW. The girl had been living with

her mother and 15-year-old

boyfriend despite her father's

pleas to the Department of

Community Services. Sydney's 'Daily Telegraph' reports government

agencies largely ignored the case

and only took an interest when she and only took an interest when she

became pregnant. The war in

Afghanistan is set to cost

Australian taxpayers $30 million a

week from July. The Government has

announced it will spend more than

$0.5 billion to improve armoured

vehicle and sleeping huts and

boosting the number of bomb

disposal robots. It followed the

release of footage showing

Australian troops clashing with the Taliban in southern Afghanistan.

One person is dead and several

others seriously wounded after

gunmen opened fire at opposition

protesters in Iran. It comes as the

country's most powerful figure

orders a probe into claims of vote-

rigging in the weekend election.

He hasn't been seen since the

election he was widely tipped to

win. Today, Mir Hossein Mousavi

appeared before hundreds of

thousands of his supporters. They

are convinced he was robbed. They

want ary run and they swamped

Tehran today in the biggest protest

march here in 30 years. As they

marched, Iran's supreme leader,

Ayatollah Khamenei, announced an

investigation into the election.

The results will be known in 10

days. Demonstrators say they'll

keep marching. It's now a trial of

strength. Protest terms shouting,

"Death to the dictator." They were

against well-armed riot police with

clear orders now to crush dissent.

Hundreds of people have been beaten

or arrested, including leading

reformers and politicians. The

stakes are high because this is a

direct challenge not just to a

disputed election and a president

but to the whole regime.

There are reports tonight that gunshots have

gunshots have been fired at the rally. Tehran's trauma deepens.

Away from the heavy news of the day,

a one week old puppy had a lucky

escape after he was accidentally

flushed down the toilet. His owner,

4-year-old Daniel Blair, thought

his new pet needed a bath. So he

dropped him in the loo and flushed

it. The puppy was trapped in a sewage pipe sewage pipe for several hours

before emergency plumbers came to

the rescue. He suffered only mild

hypothermia. He has been named Dyno

after the plumbers who plucked him

to safety.

Relief for Richmond at the AFL

Match Review Panel last night with

two players under scrutiny escaping

suspension. Young board Jack Riewoldt was Riewoldt was found guilty of

striking Daniel Kerr during the

first quarter of Saturday night's

match but because of his good

record he can accept a reprimand.

Team-mate Tom Hislop escaped

penalty for his own brush with Kerr

with the contact deemed instuff for a rorm.

NSW Origin slebgtdors have made five changes from I.

I.

Selectors dropped Terry Campese in

favour of Trent Barrett. It will be

favour of Trent Barrett. It will be

the 31-year-old's first game in sky

blue since 2004. He's been there

and done that and I think he's

played well in the last month.

Queensland announce their side today.

Eels coach Daniel Anderson has

defended his side's intensity defended his side's intensity level

after going down to the Wests

Tigers last night. Pariah wept down

23-6 at home after going scoreless in the second half.

Not since Round 7 have the Tigers

recorded a victory but even after a recorded a victory but even after a

relatively convincing win over the

Eels, the glass was half empty for Eels, the glass was half empty for

Tim Sheens. Half a smile, we're a

long way to G we'll engenetically long way to G we'll engenetically

modify the moment, no doubt. It was a confest

a confest for 67 minutes with the

Tigers holding a narrow 12-6 lead.

Then Robbie Farrah split the post

with the boot to ease the pressure

and then scored one off a Benji

Marshall grubber to seal the deal.

He secures a victory. I've never

been - it's been five or so years

and we said at the start of the

year that one of the goals was to year that one of the goals was to

beat Parramatta much

The fourth try blew the score out

to 23-6 but Daniel Anderson to 23-6 but Daniel Anderson

defended his side's effort. I won't

say it's a lack of intensity. As

Nate said, they went up a gear. We

stayed at the same gear as we

played in the first half and that

wasn't good enough for the second half. We'll get some

We'll get some more hints about

where rates are headed when the

Reserve Bank releases the minutes

of its June meeting today.

Previewing the details is Juliana

Roadley from CommSec. The RBA left

rates on hold earlier this month.

Are you expecting surprises from

that meeting? We all know the

reason they left rates on hold. The

minutes are always worth readling

through to get a better handle on the comfort level within the comfort level within the

members of the RBA and their view

on rates, especially when they're

at a 49-year low of 3%. How did

Wall Street end up? The European

and US markets rk lower. Confidence

in a sharp rebound around the globe

is starting to wear away and

commodity friess hit by the solid

US dollar and demand fears. US dollar and demand fears.

Our market is set to open down Our market is set to open down 63

points lower this morning. Thank you. Thanks.

Weather check. A community

A community divided as a green

light is given to the construction

of an Islamic We are covered for flood damage? Mmm. We're with GIO. Flood cover wasn't an optional extra, was it? I mean, it wasn't a box we should have ticked but forgot, was it? No. It's automatically included. But they don't include flash floods, do they? Yes, they do. And storms, rising rivers, flooding from dishwashers and hot-water systems, burst pipes, tsunamis. Well, that's a relief. Mmm. Switch to GIO

with automatic flood cover.

Headlines every quarter hour on Ten's Early News:

Two gunmen still on the run after

shooting dead underworld figure

Desmond Moran outside a Melbourne cafe.

The Coalition closes the gap on

Labor in the popularity stakes as Malcolm Turnbull is given another reason to relax.

And in sport, roosters forward

Willie Mason set to fly the coop

and play rugby union in Japan.

Heading the news today, there are

fears of a new wave of gangland

violence in Melbourne after the

execution-style killing of Desmond execution-style killing of Desmond

'Tuppence' Moran, the brother of

Lewis Moran. Let's cross live to

Hermione Kitson in our Melbourne

newsroom. Are police close to

catching the gunmen? Unfortunately,

no, Ron. At this stage, the two

masked gun men who are responsible

for this brazen broad-daylight

murder remain on the run. They

entered the favourite Delhi of Desmond Moran at lunchtime

yesterday and shot him in the head

three times. They fled on to the

busy road and were picked up in a

dark coloured car. Being on such a

busy road at a busy time of day,

this shooting of seen by dozens of

witnesses. I saw the blood on the

side. He was lying on his side and

I saw blood around his head. The

shots were very loud, a real shots were very loud, a real blast.

There seemed to be very few

surprises in all of this. It's

another episode inness the ongoing

war in Melbourne. Also, of course,

Desmond Moran was targeted a couple

of months ago. Yes, Ron. That is

right. It was in March when Des

Moran cheated death. He actually

escaped when a shot was fired

through the front windscreen of his

car. Yesterday, of course, he was

not so lucky. His death yesterday

coincidentally marks the ninth

anniversary of the murder of his

nephew, Mark. He's now, since 2000,

the fourth Moran to be killed. His

mother nephew, Jason, and brother

Lewis were also guned down. So Ron,

of course, this latest underworld

murder has police on high alert.

They will concerned about reprisal

attacks and what that could be mean. attacks and what that could be mean.

Malcolm Turnbull will head to the Malcolm Turnbull will head to t Malcolm Turnbull will head to the

next election free from any further

speculation about a leadership

challenge from Peter Costello. Mr

Costello has declared he is

retiring from politics. The announcement prompted praise from both sides of Parliament.

Rm it is just possible that both

sides of the Despatch Box are happy

with the announcement that I have

made, Mr Speaker. I think I might miss him. We've been

miss him. We've been rivals in the

Parliament, sparring partners if

you like, for a long period of time

and I did, of course, spend three

years as Shadow Treasurer. Peter

Costello has spent 20 years in

Parliament, 11 as federal treas Parliament, 11 as federal treasurer.

Parliament, 11 as federal treasurer.

The Coalition is closing the gap on

Labor in the latest Newspoll.

Today's survey in the 'Australian' shows:

A Sydney council has drawn both

criticism and applause after

approving the development of an

Islamic school. Locals had opposed

the development saying it would

worsen already severe traffic

congestion in the area and that the

land in question is flood prone.

The proposal is for a school with The proposal is for a school with

students. up to 800 kindergarten to Year 12

Hundreds of school students remain

in quarantine as swine flu spleds

across the country. Dozens of

schools have been closed, including a University College in Queensland.

Swine flu has infected more than

1,700 Australians and it's

spreading fast. Schools are now

desperate to keep the virus out.

A Year 10 stew accident tested

Christian positive at South Australia's

Christian Brothers college. His

classmates have been sent home. In

Sydney, 60 boarders at the King's

School have been isolated. We have

no cases but we're being careful

and I think that's appropriate.

They're being careful too in Perth.

College Five confirmed cases at Wesley

College have forced 150 students

into quarantine and this federal MP

N I had some friends drop off some

milk and videos for Jarrod last

night. Rang the bell and raced off

to avoid getting near us. Several

schools remain closed in Queensland.

been hit. This University College has also

In South Korea, the Australian

under-21 lacrosse team is expected

to play today without 17 of hits

players, still in lockdown.

There's outrage this morning after

a convicted paedophile was caught

photographing young children at a

Queensland beach. Joining me on the

line is Hetty Johnson from child

protection group Bravehearts. Hetty,

is it possible - of course, thrk

case begs that question - is it

possible to keep tabs on sex

offenders 24/7? It probably is but

I don't know what good it would be.

The only way to do it is to have a

police officer sitting on their lap.

The real question, Ron, is why on

earth are we released dangerous

sexual predators when we know he's

been assessed as a medium to high

risk and he's not the only one out

there. Why are

there. Why are we releasing them in

the first place? Why do we? We

don't have a Judeitional system

well a section to protect our

children. The civil rights of

offenders take precedents over the

civil rights of families and

children to be safe. Bravehearts

fought hard for this legislation

such that we can detain people past

their release date if they're

assessed as posing an ongoing risk.

We were excited when we got that

legislation but it's been turned

into toilet paper by the judicial

system who don't like the hedges

ligs and we few to enforce it.

Hetty Johnson from Bravehearts,

thank you for speaking with us this

morning. Thank you, Ron. One person

has been killed and several more

wounded during clashes between

police and protesters in Iran. police and protesters in Iran.

Shots rang out at more than 100,000

protesters surged into the centre

of Tehran despite a ban on

demonstrations. The crowds came to

see opposition leader Mir Hossein

Mousavi, who believes the vote was

fixed. Protesters gathered outside

the British and grench embassies in

Tehran hurling eggs at the

interference. buildings in protest at foreign

interference.

North Melbourne's season has gone

from bad to worse. Already

struggling on the field, the

Kangaroos have been hit with

another major injury and

speculation about the kosm's future.

He looked happy enough yesterday

but North Melbourne chairman James

Brayshaw admits he's frustrated

about the Dean Laidley situation.

He's out of contract at the end of

the season but insists he know his

fate by July 19, leaving the club

open for a month of speculation.

We're only looking at it now

because of the clause in Dean's

contract that he wanted in there.

It's not ideal. We would rather do

it at the end of the year. Club

great Glenn Archer has been

appointed to the panel to decide

the coach for next season,

prompting claims of a conflict of

interest, given he manages several

current players. I thought it was

disrespectful for Glenn, who is not

only a legend of our club but also

amazingly honest and a person full

of integrity. He's not kproi

myselfed at all. Jack zeebl will

miss the rest of the season what w

a fractured fibula.

Willie mason is set to walk out on

rugby league to take up a lisp deal rugby league to take up a lisp deal

with union in Japan. Roosters coach

Brad Fittler spoke to Mason during

the week after learning the Test

prop's manager had met with

Japanese clubs. Fittler gave Mason

his blessing to walk out on the

final year of his contract.

changes. NSW Origin selectors have been five

changes.

Selectors dropped Terry cam piecey

in favour of Trent Barrett. It will

be the 381-year-old's first game in

sky blue since 2004. He's been

there and done that. An Australia

has been involved in a

controversial decision in South

Africa. Egypt were locked at 3-all

when a spot kick was given for

handball. The referee awarded the

corner, only to change his mind

after the Australian fourth

official watched a replay Kaka made

no mistake with the penalty. Brazil winning 4-3.

A man entranced by the game, Frank Coletta, with finance news.

Two more banks hike up their rates?

Funny that. Despite Kevin Rudd's

warning, Westpac and NAB have

quietly followed the Commonwealth

bank's lead, announcing increases

to their fixed-term home loan rates. to their fixed-term home loan rates.

Westpac has lifted rates by 10

points. The rates on the 3, 4 and

5-year loans have also risen by

0.5%. National Australia Bank has

increased interest rates on the 2

to 5-year set mortgages between a - to 5-year set mortgages between a -

- and 14 basis points.

The latest lending figures show

personal loans were down 9.4% on a

year ago. The largest drop was in

new car sales, down 26.2% from 2008.

With the official RBA cash rate at

3%, home loans were up nearly 2%,

the seventh straight monthly rise. the seventh straight monthly rise.

Nuclear concern over the American

economy and falls in resource

shares dragged Wall Street down.

Checking news websites around the

world, the 'New Zealand Herald'

reports on the ongoing trial of the

man accused of killing his wife and

dumping his daughter, known as

Person kin, in Melbourne. The

'China Daily' says the global

economic slowdown and regional

security will be on the aened

gentleman of the Shanghai corpse in

Russia. And the 'New York Times'

has calleds for an inquiry into

accusations of voting accusations of voting irregularities in Iran.

Coming up - the pint-sized pooch

who survived a trip down the toilet.

Stay with us. GOOD MORNING, I'M FIONA NELSON. FIRST, POLICE IN CANBERRA, ARE LOOKING FOR THE PEOPLE

RESPONSIBLE, FOR SNATCHING BAGS OVER THE WEEKEND. A 70 YEAR OLD WOMAN, HAD HER BAG STOLEN, WHILE SHE BAG STOLEN, WHILE SHE WALKED THROUGH THE COULTER DRIVE, AND KILBY CRESCENT, MACQUARIE UNDERPASS, AT AROUND ONE O'CLOCK SATURDAY AFTERNOON. AND ON SUNDAY, A 37 YEAR OLD WOMAN, HAD HER BAG SNATCHED BY A MAN WITH A KNIFE, AT THE KIPPAX FAIR SHOPPING CENTRE. ANYONE WITH INFORMATION, IS ASKED TO CALL CRIME STOPPERS. LOCALS NEAR CAPTAINS FLAT SAY, THE QUALITY OF THEIR BORE WATER IS DROPPING. FEDERAL MEMBER FOR EDEN MONARO MIKE KELLY ADMITS, MORE NEEDS TO BE DONE, TO PROTECT THE WATER WHICH THE LOCALS RELY ON. THERE ARE CONCERNS, THAT NEW HOUSING DEVELOPMENTS, ARE PUTTING PRESSURE ON LOCAL BORE RESOURCES.

SOMEONE IN THE A-C-T HAS WON BIG, AND THEY DON'T EVEN KNOW IT... A WINNING LOTTO TICKET, WAS SOLD AT THE WESTFIELD BELCONNEN NEWSAGENCY, BUT SO FAR, NO ONE'S TURNED UP, TO COLLECT THE TWO HUNDRED AND 85 THOUSAND DOLLAR PRIZE. THE TICKET, WAS ONE OF 14 WINNERS ACROSS THE COUNTRY, COUNTRY, WHO SHARE THE FOUR MILLION DOLLAR, DIVISION ONE PRIZE. AND WHILE HE'S YET TO MAKE A DECISION ON HIS DOMESTIC FUTURE, CANBERRA, HAS ALREADY FALLEN FOR JAMES O'CONNOR. THE 18 YEAR OLD, WAS A STAND OUT PERFORMER FOR THE WALLABIES, WHO SMASHED ITALY 31 TO EIGHT, AT

CANBERRA STADIUM ON SATURDAY NIGHT. THE BRUMBIES, ARE HOPING TO LURE O'CONNOR TO CANBERRA, FOR SUPER 14 NEXT YEAR. NOW HAVING A LOOK AT TODAY'S WEATHER... A LOW CENTRED OVER WESTERN NEW SOUTH WALES WILL BRING ISOLATED SHOWERS TO MOST AREAS OF THE STATE AS IT APPROACHES AND CROSS THE REGION. LOOKING ACROSS THE NATION - FINE AND MOSTLY SUNNY FOR CANBERRA - SHOWERS DEVELOPING IN SYDNEY - AND PARTLY CLOUDY FOR MELBOURNE

CHECKING WHAT TO EXPECT ACROSS SOUTHERN NEW SOUTH WALES TODAY - MOSTLY CLOUDY WITH A TOP OF 15 FOR DUBBO

- FROST THEN SUNNY AND 10 FOR ORANGE MOSTLY CLOUDY FOR BOWRAL WITH 11 DEGREES - SHOWERS

11 DEGREES - SHOWERS AND 15 FOR BATEMANS BAY - SNOW FOR PERISHER FROST THEN A SUNNY DAY FOR COOMA 10 THE TOP - WET AND 16 FOR NOWRA - SNOW SHOWERS FOR THREDBO FOUR LOOKING AHEAD - OVER THE NEXT FEW DAYS WE CAN EXPECT MOSTLY FINE CONDITIONS IN CANBERRA 13 DEGREES THE EXPECTED TOP FOR THE REST OF THE WEEK. >> BLOOD. AND THE DOOR'S OPEN. >> SPLATTER MARKS EVERYWHERE. IT'S ALMOST DRY. BAM. >> WHERE'S MY MOM? I WANNA GO NOW. STOP IT! CONSIDER YOURSELF SERVED. >> KEPPLER'S SUING US?

Headlines every 15 minutes.

A major manhunt under way in

Victoria after Desmond Moran was

shot dead at a busy cafe. Dozens of

schools closed across the country

due to swine flu as the number of

confirmed cases of the virus reaches 1,700.

A protesters shot dead and dozens

more injured as security forces

crack down on angry demonstrators in Iran.

Police are still hunting two gunmen

who shot dead the last male member

of the notorious gangland family,

the Morans. The broad-daylight

execution-style murder in Melbourne

has sparked fears of revenge attacks.

The body of Desmond 'Tuppence' The body of Desmond 'Tuppence'

Moran is wheeled away from the

Delhi he visited daily K there are

fears his murder may reignite

Melbourne's gangland war. I saw the

blood. He was lying on his side and

I saw blood around his head. The

hit took place at lunchtime in full

view of shoppers and diners. Two

masked it men entered the cafe and

fired a number of shots. Thrfrpblt

are some spent casings at the crime

scene. I don't know how many shots

were fired. The pair fled up the

main road before being picked up by

a dark-coloured car. Both are still

on the run. I knew it was going to

happen. I spoke to someone who was

bodyguarding tour 'Tuppence' the

other week and he said there was a

bit of drama going down and that's

why things have been shut down.

'Tuppence' had been targeted three

months ago when a shot was fired at

his car. He's the fourth Moran to

be killed since 2000. His two

nephews, Jason and Mark, and his

brother, Lewis, were also gunned

down. That's it, you know? The

Morans are done and finished. The

Coalition has gained some ground on

Coalition has gained some ground on

Labor in the popularity stakes. The

latest Newspoll published in

today's 'Australian' shows its

moved to within one point in the poll.

Malcolm Turnbull now heads to the

next election free of any more

speculation about a leadership

challenge from Peter Costello.

Praise for the former Treasurer, Praise for the former Treasurer,

who's timely answered the 'will he

or won't he' question by announcing or won't he' question by announcing

he won't contest the next election.

Mr Speaker, Peter Costello for all

his years in this Parliament, 20

years, has stood on the side of years, has stood on the side of

freedom and enterprise. He has

served his nation well and we served his nation well and we

salute him and thank him for his salute him and thank him for his

service. For having been Treasurer

of the Commonwealth for virtually

12 years is, referendum its sefrbgs 12 years is, referendum its sefrbgs

a further credit to the individual

member's talents and ain'ts. His

decision not come back is clearly a

relief for the Opposition leader.

It is just possible that both

sides-of-the Despatch Box are heach

with the announcement that I have

made, Mr Speaker. He believes

Australia's best years are ahead

and says it's been a great brifl I

think to have served in the Parliament.

Peter Costello will be remembered

as the prime minister who never was.

He made no mention of the man who

stood in the aof his ambitions for

the top job. In a staple Jo, John

Howard wished Peter Costello well

and praised his record.

The plost I know never looked back.

WA's Liberal premier, Colin Barnett,

announced his intentions to resign

before being called back to lead.

The NSW and Queensland governments

today hand down their budgets. The

semifinal state will lose its AAA

credit rating with Treasurer Andrew

Fraser set to unveil a deficitful

nearly $2 billion. The government

has flagged a petrol price hike and

the sale of $15 billion in assets.

South of the border, Premier Nathan

Rees's first budget is likely to be

in the red with major spending on

health, education and

infrastructure.

Hundreds of schools across the

country remain shut as swine flu

spreads. More tan 1700 kiess have

been koirpld in Australia. School

in almost every state have been

closed. At the King's School in

Sydney, 60 primary school poise

have been eyes lated. At the moment

we have no cases but we're being

care. I think teas prone operate

rate This university colleagues has also been hit.

Overseas, the Australian under-21

lacrosse team remains warn teed in

their South Korean hotel after one

player tested positive to swine flu.

Only 17 members escaped isolation

and have been cleared to play in the opening match today.

One person is ged and every others

seriously wounded after gunmen

opened fire on protesters in Iran.

It comes as the country's most

powerful figure orders a probe into

allegations of vote rigging at the

weekend election. Today, Mir

Hossein Mousavi appeared before

hundred of thousands of his

supporters. They are convinced he

was robbed. They want a rerun' they

swarped Tehran today in the biggest

protest march here in 30eers. As

they marched, Iran's supreme leader,

Ayatollah Khamenei, announced an

investigation into the election.

The results will be known in 10

days. It's now a trial of strength,

protesters shouting, "Death to the

dictator!" against well-armed riot

police with cleerm now to crush

dissent. Hundreds of people have

been beaten or arrested, including

leading reformers and politicians.

The stakes are high because this is

a direct challenge not just to a

disputed election and to

autopresident but to the whole

regime. There are reports tonight

that gunshots aboutness fired at

the rally K Tehran's trauma deepen.

Relief for Richmond at the AFL

match refew panel lost night it two

players under secrete any escaping

suspension. Jack Riewoldt was found

guilty of striking Daniel Kerr

during the first quarter of

Saturday night's match. Because of

his good record, question accept a

rep mapped. Tom Hislop escaped

penalty for his own brush with Kerr

with the contact deemed

insufficient for a report. Offer

four years out of the Origin arena,

NSW have recalled Trent Barrett for

game two. He's the only one of five

changes that was not due to injury.

According to selectors it was the

name they needed to call.

We didn't think the halves operated

as well as we would have liked.

Picking the 31-year-old Barrett

ahead of Terry Campese is a far cry

from the youth policy at the start

of the seesies. We're not picking a

team for three years time. We're

trying to win the game at hand.

Jamie Lyo snrks and Michael

Jennings's availability relies on

them passing medicals. It's

expected today that Willie Tonga

will be called in to replace Justin

Hodges. He's played a number of

games at that level, interstate a

with the Australian side. I've got

no problems with him handling the

situation. Eels coachage Anderson

has defended his side's intensity

level after its loss to the Wests

Tigers last night. Pariah went down

23-6 at home after going scoreless

in the second half.

Not since Round 7 have the Tigers

recorded a victory but even after a

relatively convincing win, the

glass was half empty for coach Tim

Sheens. Half a smile. A long way to

go but we'll enjoy the moment, no

doubt. It was a contest for 67

minutes with the toyingest holding

on to a narrow lead. Then Robbie

Farrah split the posts with the

boot to ease the pressure and then

scored one to seal the deal.

He secures a Tigers victory. Good

to get the monkey off my back. I

said at the start of the dear year

that one of our goals was to beat Parramatta.

The fourth and final try blew the

score out to 23-6 but Parramatta

coach Daniel Anderson defended his

side's effort. I won't say it's a

lack of intensity but as Nate said,

they went up a gear and we stayed

the same and that wasn't good

enough in the second half T

Further hints about where hates are

hidding will come today when the

Reserve Bank releases the minutes

of its June meeting. The RBA left

rates on hold. Do you expect

surprises from the meeting? We all

know why they left rates on hold

but the minutes are always worth

reading to get a handle on the

comfort level of the members of the

RBA to holding the rates at this

low level. It's very important.

How did Wall Street end up? Are and

where are we headed? If you look at

the European and US markets, they

were lower. Confidence is in a

sharp recovery, a rebound around

the world, is starting to disappear.

We saupkpwhotcomotdity prices

falling away bus of a worry about

global get mand. The Dow was off,

the NASDAQ down too.

We're set to open down around 63

points. Ron, before we go, points. Ron, before we go, in

finance, we know that Virgin is

cutting back on the Sydney-to-LA

route but Qantas is upping the ante

ahead of the arrival of Delta

Airlines in the Sydney-to-LA routes

so there may be deals to be had

there. We like that.

Before we go, a one week old puppy

has had a lucky escape after he was

accidentally flurbtd down the

toilet. His 4-year-old owner

thought the pet needed a bath so he dropped him

dropped him in the loo and then

flushed it. The puppy was trapped

in a sewage Pope for several hours.

He suffered only mild hypothermia.

He's been named Dyno, after the

plumbers who popped in to save him.

What type of puppy? It could have

been a something dog.

He's trying to get me to say the

word shitzu.

Two gunmen are still on the run.

The Coalition closes the gap on

Labor in the popularity stakes as Malcolm Turnbull is given another reason to relax.

And dozens of schools across the

country have closed due to swine

flu as the number of confirmed

cases reaches 1,700. And that's it

for Ten's Early News. The first 15

minutes of this bulletin are ready

for download from the Ten News

website. I'm Ron Wilson. See you

tomorrow morning. I'm Frank Coletta. Enjoy your detail.