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Seven Morning News -

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(generated from captions) This morning - lifts official interest rates. the Reserve Bank

now facing housing distress. Thousands more

I am sorry about that. for Cup winner Efficient And an early swim as his connections party late. This program is captioned live. Morning News with Ann Sanders. VOICEOVER: This is Seven Good morning. Welcome to Seven News.

to Australia's mortgage holders The Prime Minister has apologised another interest rate rise. after the Reserve Bank announced with savings It may be good for those

are going up. but mortgage repayments and rents is now at an 11-year high, The official interest rate up 0.25% to 6.75. to the average household budget. That will add about $40 a month Housing groups say Australians will be the hardest hit. who've recently purchased a home

They've bought at a time when rates were going to rise where it didn't look like interest to the extent that they have - in the last, we've had four interest rate rises

just over a year alone for example. just over a year alone, has decided to lift interest rates It's the first time the Reserve Bank

during a federal election campaign. of Economics at Westpac joins me now Bill Evans, global Head a rate rise was inevitable. to explain why the Reserve Bank's rate hike? What are the reasons behind

giving us a forecast saying it will The Reserve Bank has surprised us by

go above the confidence band. They

little sign say the economy is strong and very

little signs of it slowing down but

it needs to little signs of it slowing down but

it needs to slow down for them to

economy is achieve their target. The world

economy is growing above average so

it would suggest to me that we will it would suggest to me

have to see further rate increases

When do you anticipate the rates

will go up again? It will depend on

the pace of the economy, the global

estimate is markets, the world economy. My best

estimate is in a month's time estimate is in a

estimate is in a month's time but

there are a number of uncertainties.

What we have to bear in mind is that

the economy is very strong,

inflation is at the top of the

comfort zone and predicting it will

go further so we have to think at

higher. some point interest rates will go some point interest rates will go

Thank you Bill. have reacted to the rate rise For how our political leaders on the election, and it's likely impact

Seven political reporter Geof Parry. I'm joined now by the Prime Minister apologise Geof, we've just heard for the rate rise?

Mr Howard was out and about in

Brisbane where he is campaigning in

this election and no doubt as he has

been for the last couple of days

laying the ground work to the

Government response to what was been

expected which is the 0.25% rise. He

them that he held a news conference and he told held a news conference and he told

them that he realised it had

negative consequences and that many

will be hurting. He said "

about that. will be hurting. He said "Sorry

about that." He has asked

about that." He has asked voters to

keep in perspective keep in perspective even though it

is the 6th interest rate rise but he

is the 6th interest rate rise but he

says that the interest rate level at says that the interest rate level at

the moment is still 2 percentage points lower than points lower than what they points lower than what they

inherited in 1996 when they took

over from the Keating Labor

Government. He talks

Government. He talks about the

strongly growing economy. He strongly growing

mentioned the fact that there are a number

number of factors being written into

number of factors being written into

this need for an interest rate rise this need for an interest rate

and he urged the electorate caution

and he laid out the plan why people

should not change horses on November

24. I would say to those 24. I would say to

Australian 24. I would say to those in the

24. I would say to those in the

Australian community who think that

the way to preserve that stability

and strength and growth is to change

and strength and growth is to change

the Government. I not only draw

attention to the lack of experience

of the alternative Government and

the need for experienced people at a

time

time of greater economic challenge.

Kevin Rudd So what haes been the reaction from

Kevin Rudd to the

Kevin Rudd to the rate rise? Well,

we don't know. Mr Rudd and his Kevin Rudd to the rate rise? Well,

we don't know. Mr Rudd and his advisors have

advisors have decided not to or to ignore rather

ignore rather this portion of the

news cycle and we are news cycle and we

for news cycle and we are still waiting

for a press conference for him to

respond. Rather stupid and dumb

respond. Rather stupid and dumb tactics I would have thought. We

could speculate on what he would say

could speculate on what he would say

and largely on the lines of "This is and largely on the lines of "

and largely on the lines of "This is

the sixth rate rise

the sixth rate rise under his watch

that Mr Costello and that Mr Costello and Mr Howard cannot cannot duck responsibility and Labor

has the plan to deal with interest

has the plan to deal with interest economy. rates and to better manage the

economy." What really matters is how

voters view the rise. economy." What really matters is how voters view

their reaction? That voters view the rise. What has been

their reaction? That is right. They

have had a fair

have had a fair bit to

have had a fair bit to think about.

There was news with this 0.25% will have had a fair bit to think about.

put more in mortgage stress. The

point was made three years ago that

mortgage owners were repaying a

quarter of

quarter of their salary. This rate

rise will now jump

rise will now jump to a third. Don't forget people who are renting, they

forget people who are renting, they will face a rise

will face a rise as owners try to

recoup in paying more for their

mortgage. People renting a property at $

at $300,000 will pay $

is at $300,000 will pay $12 more. If it

is half a million, you will is half a million, you will pay $ is half a million, you will pay $25 is half a million, you will pay

think more. Everyone has something to more. Everyone has something to

think about it. I am not happy. I feel very

feel very sorry for young people who

are in the possession of wanting to

purchase a home. We cashed out and sold up and

sold up and we are renting which is

what Generation Y do these days. It

won't affect me or

won't affect me or the country and let's

let's hope they elect John Howard. I am

am voting for Kevin Rudd. A am voting for Kevin Rudd. A little

taste of what people am voting for Kevin Rudd. A little

taste of what people are thinking

and we will hear more

and we will hear more about interest

rate rise certainly over rate rise certainly over the next

few days and in the next week or two

few days and in the next week or two

as the campaign rolls on. Thank you. To other news - a man's been charged with kidnapping and raping a 10-year-old girl in Adelaide. A 28-year-old came forward after police released CCTV security video of a man using a credit card stolen from the house.

Detectives say the girl was sleeping in the lounge room of her home

when she was abducted between midnight and 4am on Saturday. She was sexually assaulted at several locations before being released. Several investigations are under way after a 7-year-old New South Wales girl apparently starved to death. Shellay Ward weighed just 9kg when she was found at her home north of Newcastle on Saturday.

Her parents have denied she was starved and are calling for police to find the real reason for her death. The Department of Community Services has confirmed it had been in contact with the family over the past few years. A 19-month-old Queensland boy has become the third Australian child treated for suspected poisoning after eating a popular toy.

The Toowoomba toddler was transferred to Brisbane overnight where he's recovering in hospital

after swallowing Bindeez Beads yesterday. Two children were admitted to hospital in Sydney last week. The Hong Kong-made craft toy contains a chemical which,

if swallowed, converts to the drug GHB or liquid fantasy. Bindeez has been taken off the shelves everywhere but Victoria.

Authorities say they will make a decision on a recall

later this afternoon. New Zealand authorities have also banned the toy after two children there needed hospital treatment. And Mattel is recalling more toys because of choking concerns. 155,000 Fisher-Price Laugh & Learn Kitchen play sets are affected worldwide including some in Australia. Parents should take the product away from their children immediately

and contact Fisher-Price. Former West Coast Eagles star Ben Cousins is reportedly back in Australia after his much publicised trip to Los Angeles. Seven correspondent Mike Amor joins me now. Good morning, Mike. What's happening with the troubled one-time AFL star?

Good morning. We can indeed confirm that Ben Cousins

that Ben Cousins quietly flew out that Ben Cousins quietly flew out of

Los Angeles less than two weeks

after arriving here. He cut short

his stay to return to

his stay to return to Australia to his stay to return to Australia to

appear before the AFL Commission

appear before the AFL Commission

which will decide his future as a

footballer. The AFL has charged him with bringing the

with bringing the game in disrepute.

He touched down in Sydney with his father

father Brian. We spent the

father Brian. We spent the day

inside the treatment centre in

Malibu and spoke to some of the

doctors treating him. They say doctors treating him. They say that

he was there as doctors treating him. They say that

he was there as recently as Saturday

or Sunday but he never intended to

or Sunday but he never intended to

check in on a long-term basis only check in on a long-term basis only

outpatient. We believe buzz ibz will

continue the

continue the outpatient treatment continue the outpatient treatment

immediately in Australia. He had the option to

option to appear before the

commission via video link. commission via video link. Obviously

he has decided to return to fight

he has decided to return to fight

for his future in person. Good to

talk to you. Thanks for the update. It's been a big night for the connections of Melbourne Cup winner Efficient. They've partied long and hard while the star of the day was up early for a swim at the beach. It seems life's a beach when you've got a Melbourne Cup or three

to your name. Efficient and his owner Lloyd Williams were taking things a little slower this morning after yesterday's heroics. Then it was the Grey Galloper in fine form. Last night, it was the whole Williams clan and why not - it's only good for a year. The Cup is what you need, the proper cup. Thank you mate. Good onya, good onya. Win number three, the sweetest for Lloyd Williams, even if tasted away from Flemington.

Happy to watch it at home, no sound, just watch the picture. And what a picture... RACE CALLER: Efficient is getting there. Efficient is getting to Purple Moon. Efficient is going to win the Cup.

A win 12 months in the making and 22 years in the waiting. With any luck, it won't be as long till next time. You cross your fingers every time you talk about racehorses but if we can keep him going, he might be back here next year.

So just what does it feel like to win a Melbourne Cup? I heard my Dad say tonight, he said "It's like, um, dreaming of sex and then really doing it." It's just unbelievable. Next in Seven News - the Queen at her regal best. And why breastfed babies are brainier.

G'day, Bob. Oh, hi, Dave. Uh, I hate to ask... No, no, you can't use the car, mate, no. There's been a bit of an emergency. Uh, Jan's twisted her ankle. I have to go and get her... There you are, babe. Hi, Jan. So... Hey, Dave. Uh, this isn't Jan. This is...not Jan. This is Jan's twin sister, Simba. What?! Sim... Yes. Want a better excuse not to lend your car?

..when you name only two drivers?

UPBEAT MUSIC

Welcome back. You're watching Seven's Morning News. More than 100 people have been killed in a suicide bomb attack in northern Afghanistan. himself up outside a sugar factory Authorities say the bomber blew senior members of parliament. where local children were welcoming of children are among the dead. Several politicians and dozens the 2001 fall of the Taliban. It's the deadliest attack since in London overnight Royal tradition has reigned left Buckingham Palace as Queen Elizabeth by gilded, horse-drawn carriage of British Parliament. to open the latest session She was surrounded by members of the Household Cavalry

as she made her way to Westminster. in the House of Lords, Inside, as she took the throne

summoned the House of Commons. an official known as the Black Rod,

(Knocks) the Government's speech, The Queen then delivered to health care and education announcing improvements and more affordable housing. For centuries that breast is best mothers have been told when it comes to feeding newborns.

Now British researchers have discovered that it not only boosts an infant's health but also makes them brainier. 2-day-old Eisha is getting the best possible start in life. Queen Charlotte's Hospital These mums at London's that breastfeeding are delighted by news produces brainier babies.

Well, it makes perfect sense to me the breast milk is alive, because, for me,

it is not packaged and produced.

absolutely brilliant, I think it is brilliant, if...anything to improve your child's potential from life

is better. of benefits - Breast-feeding carries a host getting infections, allergies it cuts the risk of babies and childhood diabetes.

intelligence Now firm evidence that it boosts and it is all down to our genes. can benefit - Fortunately, most babies

9 out of 10 children the study found that linked to higher IQ. inherited gene from their parents acids present in breast milk in early brain development. which are important

with the gene Breast-fed children have their IQ boosted by around 7 points. Just 1 of these 10 babies was exclusively bottle-fed

but many mums do find breast-feeding very difficult. but it didn't work out, Something we did try the first time I tried,

I wish I had persisted more

it is quite stressful situation but at the time to start breast-feeding. and she can do it I was very lucky that I can do it and we have been very successful - is growing really well on it. bit of a shaky start but she which runs this drop-in group says Then National Childbirth Trust encourage more mums to breast-feed it hopes the research will and to do it for longer. Next in Seven News - the cup's over but not the racing. We'll preview Oaks Day. new world surfing champ. Mick Fanning becomes Australia's

Driving less? Wise move. You could save up to 20% car insurance premium. on your comprehensive and not working full-time, So, if you're over 50 call 13 50 50 now. SONG: # Wise move, Apia! #

ask for a Powerball Megapick. For more chances to win, When you declare something to Quarantine, chances are you'll get to keep it, but in some cases you wouldn't want to. If you don't declare, or your wallet. it could be dangerous to Australia

Declare or beware:

first world surfing champion Mick Fanning has become Australia's in 8 years. in perfect fashion this morning, The 26-year-old wrapped up the title of the Santa Catarina Pro in Brazil. with victory in the final

Yeeehawwww. lead over fellow Aussie Taj Burrow Fanning now holds an unbeatable Kelly Slater, and 8-time world champion of the tour. heading into the final round After we heard earlier, cards for Efficient's connections a long night of partying was on the especially his owner Lloyd Williams joins me now. Seven sport reporter Michael Felgate to Flemington. who opted not to make the trip

Good morning, Michael. the morning after? So, how are the winners

Good morning S as you would imagine

they are a little fragile today

after a big night of celebrations

but they are still on top of the

world after claiming Australia's

greatest race, Melbourne Cup in

sensational style. For the house

himself, Efficient he woke up just

like it was any other day. Probably

like it was any other day. Probably

oblivious that he has gone down in

history as a Melbourne Cup. He was

taken to the beach for a wade in the history as a Melbourne Cup. He was

water with the owner Lloyd Williams

water with the owner Lloyd Williams

looking on. He's won three Melbourne looking on. He's won three Melbourne

Cups now and that is

Cups now and that is him with Efficient

pat. Efficient giving him a well deserved

pat. For Lloyd it was redemption

day. He was one of the favourites or

start one of the favourites for start one of the favourites for the

Melbourne Cup last year but he was

scratched on the morning of the Cup.

He was the early favourite for the He was the early favourite for the

Cup this year but he had been in

different form and fallen out of Cup this year but he had been in

favour with punters and yesterday it

all came through fruition where he all came through fruition where he

ran down Purple Moon and gave Lloyd

his third. Lloyd wants to win only

one race a year and it is

Melbourne Cup and he was very happy one race a year and it is the

Melbourne Cup and he was very happy this morning.

this morning. It is

this morning. It is a great race and

you aspire to it and if you are in

racing it is aspiration al to win

the Melbourne Cup. I was fortunate

to win one to win one 22 years

to win one 22 years ago and one 26

years ago. It has been a lot years ago. It has been a lot of

years ago. It has been a lot of

years in between and a lot of horses

in between. It is an enormous

thrill. For me it is a great thrill. For me it is a great thrill. For me it is a great

achievement and it has opened a lot

of doors for me. While the Cup has

been won and run we are only half

been won and run we are only half

way through the carnival. It

Ladies Day tomorrow. It is way through the carnival. It is

Melbourne Cup staying test with Ladies Day tomorrow. It is a

everyone involved in the four Melbourne Cup staying test with

massive day. It

massive day. It is Oaks Day

massive day. It is Oaks Day or

Ladies Day or Blokes Day when all

Ladies Day or Blokes Day when all

the men like to come out and see the

ladies dressed in their fineryy.

Plenty of fillies. Action on the

track. It is another million dollar

track. It is another million dollar day. Derby Day is the traditional

lead-up to the Oaks and the winner

lead-up to the Oaks and the winner

of that race was sda Rita. Pat is of that race was sda Rita. Pat is a

Melbourne Cup winning jockey.

Melbourne Cup winning jockey. He Melbourne Cup winning jockey. He

rode What a Knew distance. Now he

has a chance to win with Zarita. She

is one of the early equal favourites

and one of the hardest to

and one of the hardest to beat

day. tomorrow. Pace yourself. Have a good tomorrow. Pace yourself. Have a good

on Seven's Morning News. Stay with me here details after this break. I'll be back with all the weather

and alloys is yours with four airbags from $27,990 driveaway. Clean up at your Holden dealer now.

Time now to check the national weather.

A Tasman low and Southern Ocean high are driving fresh showery winds onto the New South Wales and southern Queensland coasts. A trough over the eastern inland is triggering thundery showers. Thundery showers too in the west. Around the capitals - Showers and 23 degrees in Brisbane today. Sydney, showers, heavy at times. A top of 18. Canberra, showers and 17. Mostly fine and 22 in Melbourne. Hobart, mainly fine and 14. Adelaide, fine and 24. Fine and 23 in Perth. Showers and storms and a top of 33 in Darwin. Finally, Channel 7's very own Mark Beretta is out of 'Dancing With The Stars'. It was a sad morning for the 'Sunrise' crew who cheered on their favourite to the very end. saved his best dance for last. You were fantastic. His very impressive quickstep performance might have been his last but Beretts doesn't regret a moment. And when you nail a step like that, you just go inside, "Wow, that was great." Beretts now plans to spend some much overdue time with his family. Actress Bridie Carter is still favourite to win the show.

And that's Seven's Morning News to now. We'll keep you up to date throughout the day and in our bulletins at 4:30 and 6:00. I'm Ann Sanders. Thanks for your company. We'll be taking a break tomorrow for Seven's coverage of Oaks Day. So I'll see you again Friday at 11:30.

Supertext captions by Red Bee Media Australia. www.reebeemedia.com.au

(Wolf yelps) WOMAN: Damn. Well, you missed him. Sorry. You're not sorry. And take that smug look off your face. His pack took down one of our calves last night.