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Ten Early News -

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(generated from captions) This program is captioned live.

Good morning. Welcome to Ten's

Early News. The Olyroos out of the

Games. While Sullivan goes for gold

in the 100 metre freestyle final.

Jessicah Schipper also chasing her

first individual gold. The

Government to unveil an aid package

for victims of the conflict in

Georgia as Russian troops press

further in to Georgian territory,

ignoring a ceasefire. Miranda Kerr

storms the catwalk, stealing the

show at the launch of David Jones's

summer range in Melbourne. The

Commonwealth Bank posts a record

$4.7 billion profit as pressure

mounts on the big banks to pass on

any cut in interest rates.

Eamon Sullivan will be chasing huz

first gold medal of the Games today

-- his first gold medal of the

Games today in the 100 metres

freestyle. He has shaved even more

time off his world record yesterday.

Ex-girlfriend Stephanie Rice made

it a double yesterday . Stephanie

Rice secured her second gold medal

in a world record time. It's her

second piece of jewellery, layered

with gold and jade and she was over

the moon, along with the green and

gold support, as her family once

again did the proud walk. That was

extremely exciting. And it was a

very different race because the 400,

she sort of led, didn't she? But

this one was like gut-wrenching.

After yesterday's fifth in the time

trial, Cadel Evans has said he's

suffering from a ruptured anterior

cruciate ligament. I won't have an

operation. Most people would take

six weeks to get more mobile. Greg

McFadden exploded over the referees

who the thrown one of his stars out

of the pool for what he calls a dubious

dubious foul. It's all about the

players, it's not about me. The

girls have prepared for four years

for this and for one referee's

decision to take it all away from

them is not fair. This morning more

opportunities for gold in the pool

with Jessicah Schipper, Eamon

Sullivan and Stephanie Rice in

action again. We'll have more

Olympic results including the

Olyroos' exit from the Games and

the medal tally a little later in

sport. The family of Australian

journalist Matthew Hill has flown

to his bedside in Hong Kong where

he remains in a serious condition.

Hewas flown to hospital from

Beijing yesterday in an induced

coma after becoming ill with

aggressive umoania. He chanced

from -- umoania. He collapsed. The

Government is today expected to

announce an aid package for victims

of the conflict in Georgia.

Australia will provide humanitarian assistance through agencies like

the Red Cross. But has rejected a

request for military assistance.

Thousands of people have been killed and displaced during

fighting between Georgia and Russia

since it broke out last week. The

country's reached a truce yesterday

but Russia has been accused of

breaching the ceasefire. We ran

straight in to them. A column of

armoured vehicles, carrying men of

Russia's military. But their

advance was in apparent defiance of yesterday's peace agreement which

calls on both sides to pull back

their troops to the positions they

held before the fighting began. As

they moved in to the outskirts,

they met absolutely no resistance.

This armoured column soon moved out

and took up positions on the hill

side above the town. The objective

of this brazen advance seems to be

to put even greater pressure on

Georgia to submit fully to Russia's

demands. Today Georgia's President,

the man Russia wants to remove, was

clearly feeling the heat. Russian

tanks have been on the move and

have been and Russian troops have

been behaving extremely

aggressively and completing ethnic

cleansing. A few police checkpoints

are all that now stand between the

Russian army and the Georgian

capital. Another day, another drama

for Qantas with the airline forced

to ground a Boeing 747 because a

crucial part needed urgent

maintenance. A flight from Sydney

to London was delayed while the to London was delayed while the

screw was looked at but the plane

will be back in service today. It's

understood the aircraft's tail

could have broken away if this

jackscrew had not worked properly.

This comes two days after Qantas

grounded six aircraft due to a

maintenance record irregularity. A

man has died in an industrial

accident at a quarry north of

Brisbane. Four men were standing on

a pontoon over a water pit when it

suddenly flipped, trapping the suddenly flipped, trapping the

27-year-old under water. His work

mates were unable to reach him.

Workplace health and safety are

investigating the incident. Women

who quit smoking during their first

pregnancy still have a greater risk

of having small or premature

babies. That's even if their second

baby is born three years after

kicking the habit. Health experts

say the study highlights the

long-term damage of smoking, and

are urging any prospective mothers

to quit. About 1 in 5 women admit to quit. About 1 in 5 women admit

to smoking while pregnant. Model

Miranda Kerr has sizzled at the

launch of David Jones's spring

summer collection in Melbourne. The so-called It girl creating a range

of flirty and fun creations from

Australia's leading designers for

the coming season. I travel the

world and see a lot of fashion and

the Australian fashion is

definitely up there with the best

of them. There were all the frills

and frocks that you'd expect from a

top notch fashion parade but it was

Kerr's double act with Megan Gale

which had the heads turning. The

Olyroos have been knocked out of

the Olympic Games in the group

stage. They lost to Ivory Coast 1-0.

Queensland AFL icon Michael Voss

has he's surprised at the fledgling

Gold Coast's club first coaching

appointment. Collingwood assistants

Guy McKenna has been given the job

for two years. Guy McKenna is now

in the box seat to coach the Gold

Coast club when it enters the

arbgsz FL in 2011. The former West

Coast captain will develop the team

for the next two seasons in the

under 18 and VFL competitions.

Clearly stipulated it was a 2-year

offer. It was the development

coaching role. But at the back end

of all of that there was an

opportunity to f you do your job opportunity to f you do your job

right, you'll be the senior coach.

Very disappointed if Guy isn't

standing there on the sideline

waving that very first team off in

to the AFL competition. The man

initially earmarked for the

position is surprised by the choice.

He's a relatively unknown in

Queensland, of course. That's why I Queensland, of course. That's why I

probably thought Brad Scott and

McCrae would have the edge the McCrae would have the edge there.

McCrae would have the edge there.

But they've decided to go a

completely different way. The

franchise is expected to receive

picks 1, 3, 5, 7 and 9 in its first

draft. NRL news. Cronulla is

preparing to welcome back Reece

Williams ahead of schedule. With

the NRL finals weeks away now, Paul

Gallen is brushing off criticism

about his team's style of football.

That doesn't worry us at all. We're

in the top 4 and semifinal final

won't be won by teams that score 70

points. Cronulla faces the Warriors

on Saturday. Now to finance news.

Another bumper profit for the

Commonwealth Bank? Indeed, Bill.

Australia's biggest retail bank has

posted a 7% rise in annual net

profit to a record $4.79 billion.

The bank chief remains cautious,

predicting the global credit crisis

will weigh down earnings for at

least the next 18 months. The CBA least the next 18 months. The least the next 18 months. The CBA

has set aside $200 12 million to

cover the possibility of more bad debts. The Commonwealth's record

profit result has intensified the

row over interest rates. The RBA

says bank funding costs have fallen

sharply in recent weeks and there's

no reason for them not to follow

the Reserve's lead. Telstra has

delivered a 13.5% rise in aninal

net profit to $3.7 billion. Largely

thanks to a jump in mobile phone

revenue. The profit result was

below market expectations and

investors slashed 4% from the share

price. The boss said Telstra

remains well ahead of its global

fears. This is the second

consecutive year we've grown our

sales revenue by over $1 billion.

With sales revenue up 4.2%. He has

revealed he's been given a 13.7%

pay rise, taking home nearly $13.5

million this year. Australian

consumers are a little less gloomy

with sentiment rebounding from

16-year lows. There's been a rise

of 1 poin nite% in August. Economists say attitudes are

improving, thanks to cheaper

petrol prices and the possibility

of an interest rate cut.

Now to the market numbers. And Wall Street is lower:

A look at the national weather now:

The 'Sydney Morning Herald' reports

telt struwill offer non-union

enterprise -- Telstra will offer

non-union pay deals to save $50

million. The TaxOphorous is

targeting big business and the rich

as it tries to raise more than $5.5

billion in extra taxes. Claims

soldiers' lives are add riv due to a helicopter shortage.

This is Ten's Early News. Another

big day for the Aussies in Beijing.

Eamon Sullivan hoping to become the

fastest man in water, while

Jessicah Schipper chases her first

individual gold in the butterfly.

Australian race caller Matthew Hill

in a crateical condition after

being flown from Beijing, suffering

from pneumonia. Russian troops

continue to advance in to Georgian toirtd, despite an apparent

ceasefire -- toirtd, despite an apparent

apparent cease -- territory,

despite an apparent ceasefire.

Consumer sentiment rebounds from a

16-year low. Rising more than 9% in

August. But first Eamon Sullivan

will be going for gold today when

he lines up for the 100 metre

freestyle final. Sullivan is the favourite and the world record

holder. But it's expected to be a

very close contest. Yesterday the

green and gold army was out to

support his ex-girlfriend,

Stephanie Rice, and she did not

disappoint, winning the 200 metres

medley. This one was like

gut-wrenching. It was great. It was

close. The other star of the pool,

American Michael Phelps, five gold

medals already. It's really great

to see him so happy and achieving

his goals and taking swimming to the

next level. The greatest Olympian next level. The greatest Olympian

of all time, Phelps is on track for

those eight gold medals in Beijing.

And the medal tally a little later

in sport. Australian race caller

Matthew Hill remains in a critical

condition in hospital with aggressive pneumonia. The

27-year-old was flown from Beijing

in an induced coma after collapsing

due to heat stress. His brother has

flown from Melbourne to be by his

bed side. Hill had been covering

the Games from the Sky Racing

Channel and for 2GB. Russian troops

are on the move inside Georgia, in

directs violation of a truce that

was brokered yesterday. Georgia claims there's been continued

fighting in the town of Gori and

Russia is facing a global backlash.

To begin to repair its relations

with the US, Europe and the United

Nations and to begin restoring its

place in the world, Russia must

keep its word and act to end the

crisis. President Bush is sending

Condoleezza Rice to the region.

He's offered the US military to

begin moving in humanitarian aid.

Australia is expected to announce its

its aid package today. A former

army officer warns soldiers' lives

are at riv because of a shortage of

medical helicopters in Afghanistan.

John Roberts, made the claim in a

letter to the Defence Minister. He

said troops may die without an

extra medical evacuation chopper.

Three injured soldiers waited six

hours on the battlefield before

being taken to hospital earlier

this week. Four teenagers have been

injured after crashing their car in

to a police vehicle in Sydney's

south. The Commodore had hit

another car at Engadine minutes

before smashing in to the unmarked

highway patrol car and struck a

power pole. The 18-year-old

unlicensed driver is expected to be

charged later today. Kevin Rudd has

played down suggestions any

backlash against his Government

could spill over in to the elections in South Australia. Kevin Rudd brought back from Beijing some of that Olympic spirit with a game of table tennis

at the Clontarf Aboriginal College in Perth.

The PM was in town lending the Carpenter Government a hand ahead of the September 6 State election. Despite swings against Labor in Gippsland and the Northern Territory, of a voter backlash Mr Rudd played down talk against his Government. State elections, however they turn out, these are always, in my experience, fought essentially on State factors on State grounds. While WA's economy is in top gear, concerns that the national economy is heading down the wrong track have been tempered by some encouraging signals. Consumer confidence was up in August off the back of lower petrol prices, the flow of tax cuts and expectations the Reserve Bank will cut official interest rates. Brendan Nelson, who, like Mr Rudd, has been overseas, dismisses talk of a recession here. of our economy has slowed Whilst the rate of growth and is going to slow, we need to remember the fundamentals are absolutely sound.

Three people have been shot dead at

an ice cream parlour in Germany.

Police have arrested two people

over the shooting after a search

using tracking dogs and a helicopter.

Australia's Olympic soccer campaign

is over. The Olyroos went down to

Ivory Coast in their final group match.

Tour de France runner-up Cadel

Evans has bat ald knee injury. He

suffer adruptured anterior cruciate

ligament in a post Tour party in

France last month but he matched to

ride. Most will take six weeks to

get more mobile. Michael Rogers

finished in 8th place. Queensland

AFL icon Michael Voss says he's

surprised the Gold Coast club's

first coaching appointment.

Collingwood assistant Guy McKenna

has been given the job for two

years. He's a relatively unknown in

Queensland and that's why I

probably thought Brad Scott and

McCrae would have an edge, given

the fact their allegiance with the

Lions. They've decided to go a

completely different way. The new

team will develop in the lower leagues for the next two seasons

before entering the AFL in 2011. A

boost for the Wallabies ahead of their remaining tri-nations matches

in South Africa. Several key

players are set to return from

injury. Their lock has bone

bruising but is expected to be fit.

Adam Ashley-Cooper and Rocky Elsom

should return for the following

week. The boys are feeling

refreshed and ready to go to Africa.

Robbie Deans said there will be

changes to the side that lost to changes to the side that lost to

the All Blacks. Consumer the All Blacks. Consumer sentiment

has rebounded from 16-year lows,

rising 9.1% in August. What's

behind the improvement in

attitudes? Talk of an imminent rate

cut has made us less gloomy, as has

falling oil prices. We've got more

cash in our wallts, thanks to the

tax cuts from July and many of us

are enjoying pay rises. Wages grew

by 1.2% in the June quarter and

4.2% over the year. It was not a

great night on Wall Street

overnight. What's likely on our market

market today? It looks like the

banks could be under pressure. They

dragged Wall Street lower. We

should see some really good gains

from our energy and resource stocks

with commodities coming back. Oil

rose by around $3 a barrel and gold

rose for the first time in a number

of sessions, up by almost $17 an

ounce. It is looking like a bit of

a flat start for the local market.

Thank you. Thanks. The big banks

are under mounting pressureer to

pass on any cut in the official

interest rate to struggling

mortgage holders. Commonwealth Bank

is being targeted after posting is being targeted after postin is being targeted after posting a

7% increase in net profit to $4.79

billion. The RBA says funding costs

have fallen sharply in recent weeks

and there's no reason for the big

banks not to follow the Reserve's

lead. Strong results for Telstra.

The announcement was below market expectations and investors slashed

4% from the telco's share price.

Looking at the forecast for this Thursday: Miranda Kerr stepping out in

Melbourne is next. The reporting season hots up.

This is Ten's Early News. The

Olyroos are out of the Games but

Eamon Sullivan is going for gold in

the 100 metres freestyle today.

Jessicah Schipper chasing her first

individual gold. The Government to

unveil an aid package for victims

of the conflict in Georgia, as

Russian troops press further in to

Georgian territory, ignoring a

ceasefire. And Miranda Kerr

storming the catwalk and stealing the

the show at the launch of David

Jones's summer range in Melbourne.

The Commonwealth Bank posts a

record 4.7 billion dollars profit

as pressure mounts on the big banks

to pass on any cut in interest rates.

Eamon Sullivan will be chasing his

first gold medal of the Olympic

Games today. He's the red hot

favourite after saving even more

time off his world record --

shaving even more time off his

world record yesterday. Stephanie

Rice won her second gold medal

yesterday. Stephanie Rice secured

her second gold medal in a world

record time. It's her second piece

of jewellery, layered with gold and

jade, and she was over the moon,

along with the green and gold along with the green and gold

support, as her family once again did

did the proud walk. That was

extremely exciting. And it was a

very different race because the 400,

she sort of led, didn't she? But

this one was like gut-wrenching.

After yesterday's fifth in the time trial, Cadel Evans has revealed

he's suffering from a ruptured

anterior cruciate ligament. It's

not practical to have an operation

but I won't be skiing for as long

as I'm cycling. Testment to Cadel

he was able to do that so soon he was able to do that so soon

after the injury. The women's water

polo coach exploded over the

referee who had thrown one of his referee who had thrown one of his

stars out of the pool for what he

calls a dubious foul. It's all

about the players, it's not about

me. The girls have prepared for

four years for this. For one

referee's decision to take it all

away from them is not fair. This

morning more opportunities for gold

in the pool with Jessicah Schipper,

Eamon Sullivan and stef raen Rice

in action again -- Stephanie Rice

in action again. We'll have more

Olympic results including the

Olyroos's exit from the Games and

the medal tally later. The family of Australian journalist Matthew

Hill has flown to his bedside in

Hong Kong. He remains in a serious

condition there. The race caller

was flown to hospital from Beijing

yesterday in an induced coma after

becoming ill with aggressive

pneumonia. The 27-year-old

collapsed from heat exhaustion

while covering the Games for 2GB.

The Government is today expected to

announce an aid package for victims

of the conflict in Georgia.

Australia will provide humanitarian

assistance through agencies like

the Red Cross. But has rejected a

request for military assistance.

Thousands of people have been

killed and displaced during

fighting between Georgia and Russia

which broke out last week. The

countries reached a truce yesterday

but Russia has been accused of

breaching the ceasefire.. We ran breaching the ceasefire.. We ran

straight in to them. A column of

armoured vehicles carrying men of

Russia's military. Their advance

was in apparent defiance of yesterday's peace agreement which

calls on both sides to pull back

their troops to the positions they

held before the fighting began. As

they moved in to the scout skirts

of Gori, they met -- outskirts of

Gori, they met no resistance. The

objective of this brazen advance

seems to be to put even greater seems to be to put even greater

pressure on Georgia to submit fully

to Russia's demands. And today

Georgia's President, the man Russia

wants to remove, was clearly

feeling the heat. Russian tanks

have been on the move. Russian

troops have been behaving extremely

aggressively and been in the

process of completing ethnic

cleansing of south South Ossetia.

A man has diedane an industrial

accident at a quarry north of

Brisbane. Four men were standing on

a pontoon over a water pit when it suddenly suddenly flipped, trapping the

27-year-olded the the water. His work

work mates were unable to reach him.

Workplace health and safety are investigating the incident. Another

day, another drama for Qantas with

the airline forced to ground a

Boeing 747 because a crucial

component needed urgent maintenance.

A flight from Sydney to London was

delayed while the screw was looked

at. The plane will be back in

service today. It's understood the

aircraft's tail could have broken

away if this jackscrew had not

worked properly. This comes just

two days after Qantas growned six

aircraft due to a maintenance

record irregularity. Secret

documents reveal Telstra is set to

offer its staff non-union

enterprise agreements. The strategy

is aimed at saving the company $50

million in labour costs over the

next three years. It's understood

Telstra will offer the agreements

over the next few weeks to staff in

areas with low union participation

rates. Model Miranda Kerr has

sizzled at the launch of David sizzled at the launch of David

Jones's spring summer collection in

Melbourne. The so-called It girl providing

providing a range of flirty and fun

designs. I travel the world and I

see a lot of fashion. And the

Australian fashion is definitely up

there with the best of them. There

were the usual frills and frocks

you'd expect from a top-notch

fashion parade but apparently it

was Kerr's double act with Megan

Gale that had everybody talking.

The Olyroos have been knocked out

of the Olympic Games in the group

stage. They've lost to Ivory Coast 1-0.

Queensland AFL icon Michael Voss

says he's surprised at the

fledgling Gold Coast club's first

coaching appointment. Guy McKenna

has been given the job for two

years. Guy McKenna is now in the

box seat to coach the Gold Coast

club, when it enters the AFL in

2011. The former West Coast captain

will develop the team for the next

two seasons. In the under 18 and two seasons. In the under 18 and

VFL competitions. Clearly

stipulated it was a 2-year offer.

It was the development coaching

role. But at the back end of all of

that, there is the opportunity to

stay on as the senior coach. Very

disappointed if Guy isn't standing

there on the sideline waving that

very first team off in to the AFL

competition. The man initially

earmarked for the position is

surprised by the choice. He's a

relatively unknown in Queensland,

of course. That's why I probably

thought that Brad Scott and McCrae

would have an edge there, given the

fact their allegiance with the

Lions. But they've decided to go a

completely different way. The

franchise is expected to receive

picks 1, 3, 5, 7 and 9 in its first draft.

draft. Cronulla is preparing to

welcome back forward Re, ce

Williams ahead of schedule. With

the finals just weeks away, captain

Paul Gallen is brushing off

criticism about his team's style of football.

football. That doesn't worry us at

all. We're in the top 4. And at the

end of the day semifinal footy

won't be won by teams that win by

70 points. It will be a tight,

gritty match. Cronulla faces the Warriors on Saturday.

Consumer sentiment has rebounded

from 16-year lows, rising 9.1% in

August. For more, we have a report

now. What's behind the improvement

in attitudes? Talk of rate cuts has

lifted our moods, as have falling

oil prices. We're paying around $20

a month less for the average

household petrol bill and got more

money in our wallets thanks to the

tax cuts we received in July and a

lot of people are enjoying pay

rises. Wages grew by 1.2%. What's

in store for the local market

today? Well, it looks like it will

be a batble tween the banks and the

miners. Financials were sold off

offshore. We've seen a really big

rally in commodity prices. Oil and

gold coming back for the first time

in a number of sessions. Oil up by

$3 a barrel and copper rose by 4%

in London. So at the moment it's

looking like a little bit of a flat

start but hopefully very good gains

from our resource and energy stocks.

Thank you for the update. Thanks. be The Australian Taxation Office will

be targeting chefs, nurses and

medical practitioners in this

year's swoop on work-related

expenses. The ATO has warned it will be scrutinising home office

expences, computers and laptops.

The big banks are under mounting

pressure to pass on any cut in the

official interest rate to struggling mortgage holders. struggling mortgage holders.

Commonwealth Bank is being targeted

after posting a 7% increase in net

profit. The RBA says funding costs

have fallen sharply in recent weeks

and there's no reason for the big

banks not to follow the Reserve's

lead. Strong results for Telstra,

delivering a 13.5% rise in annual

net profit. There announcement was

below market expectsations and

investors slashed 4% from the share price.

today. Looking at the national weather

The 'Age' says the PM is supporting

calls from the Reserve Bank to

lower lending rates if official

rates fall later this year. And

biotech company CSL has launched a

$3.5 billion bid for its US

counterpart. Three people gunned

down add an ice cream parlour. NELSON... GOOD MORNING, I'M FIONA FIRST UP, AN ADFA CADET, ON EXCHANGE FROM THE UNITED GUILTY, TO CAUSING THE ARAB EMIRATES, HAS PLEADED CANBERRA IN JUNE. DEATH OF ANOTHER CADET, IN WAS DRIVING AT ONE HUNDRED 24 YEAR OLD AHMED ALZAABI, IN A 60 ZONE, WHEN HE LOST AND 30 KILOMETRES AN HOUR

WALL IN RUSSELL. CONTROL, AND CRASHED INTO A

18 YEAR OLD BENJAMIN TAYLOR FROM QUEENSLAND, WAS KILLED, WITH TWO OTHER PASSENGERS LEFT WITH HEAD

INJURIES, FOLLOWING THE FOLLOWING THE CRASH. POLICE AND WILDLIFE SERVICES IN BOMBALA, ARE INVESTIGATING THE SHOOTING OF KANGAROOS FROM PUBLIC ROADS. STATE WILDLIFE RANGER KATHRYN BROWN SAYS, PEOPLE WANTING TO CULL KANGAROOS IN THE AREA, SHOULD GO AUTHORITIES. THROUGH THE RIGHT LEGAL IS ILLEGAL, AND RAISES ROAD SHOOTING FROM PUBLIC ROADS SAFTEY ISSUES. MAYOR, PAUL STEPHENSON ,IS AND GOULBURN MULWAREE RETIRING FROM THE LOCAL COUNCIL, AFTER 16 YEARS SERVING THE COMMUNITY. SAYS HE WON'T BE SEEKING AFTER 14 YEARS AS MAYOR, HE SEPTEMBER 13, LOCAL COUNCIL RE-ELECTION AT THE POLLS. SAYS, HE'S LOOKING FORWARD THE 65 YEAR OLD THE MAYOR GRANDCHILDREN, AND TO SPENDING TIME WITH HIS GREAT-GRANDCHILDREN. A-N-U F-C, WILL BE HOPING AND IN SPORT THIS WEEKEND, BOTTOM OF THE LADDER, WHEN TO GET THEMSELVES OFF THE

CITY, IN THEIR CANBERRA THEY TAKE ON QUEANBEYAN CAPITAL FOOTBALL CLASH. THE TABLE, CANBERRA F-C, WHILE AT THE OTHER END OF CITY RIVALS, IN SUNDAY'S WILL TAKE ON THEIR CANBERRA MATCH. NOW HAVING A LOOK AT TODAY'S WEATHER... WEATHER... THE BIGHT AND A DEVELOPING A HIGH PRESSURE SYSTEM IN SOUTHWEST FLOW OVER THE LOW WILL MAINTAIN A COOL WEEK. REGION FOR THE REST OF THE PARTLY CLOUDY TODAY IN LOOKING ACROSS THE NATION - IN SYDNEY - A FEW SHOWERS CANBERRA - BECOMING WINDY HOBART FOR MELBOURNE - AND SNOW IN

CLOUDS ABOUT IN DUBBO 14 - CLOSER TO HOME - A FEW THE EXPECTED TOP - PARTLY MOSTLY SUNNY IN THE GONG 16 CLOUDY TODAY IN ORANGE EXPECTED TOP - PARTLY SEVEN

BATHURST, BOWRAL, GOULBURN 10 THE EXPECTED TOP FOR FOR PERISHER AND BATEMAN'S BAY - SNOW 13 - MOSTLY FINE IN COOMA - SOME CLOUDS ABOUT IN MUDGEE SNOW SHOWERS FOR THREDBO THREDBO FEW DAYS - TOMORROW - LOOKING AHEAD TO THE NEXT THERE'S A POSSIBLE SHOWER. MOSTLY FINE. SATURDAY - IS LOOKING TO FINISH OFF THE WEEKEND AND WE'LL HAVE A FINE DAY (NO SCRIPT NEEDED HERE)

This is Ten's Early News. Another

biday for the Australians at the

water cube in Beijing. I reckon it

looks like a matress. Anyway. Eamon

Sullivan hoping to become the

fastest man on water while Jessicah

Schipper chases her first

individual gold medal in the

butterfly. Matthew Hill in a

critical condition after being

flown from Beijing, suffering from

pneumonia. Russian troops continue

to advance in to Georgian territory.

The Australian Government prepares

to announce an aid package for

victims ofrtd conflicts. In finance,

consumer sentiment reboupbz from a

16-year low. First, Eamon Sullivan

going for gold today when he lines

up in the 100 meeters freestyle. up in the 100 meeters freestyle.

Sullivan is the favourite and the

world record holder in this event

but it's only 100 metres. It will

be very close. Yesterday the green

and gold army was out to support

his ex-girlfriend, Stephanie Rice.

She did not disappoint. Winning her

second gold of the Games. This one

was like, gut-wrenching. Yeah. It

was great. The other star of the

pool, American Michael Phelps, five

gold medals already. Really great

to see him so happy and really acheefbging

acheefbging his goals and taking

swimming to the -- achieving his

goals and taking swimming to the

next level. Phelps is on track for

8 gold medals. We'll have more on

the Olyroos exit from the Games and

the medal tally later. Matthew Hill

remains in a critical condition in

hospital with aggressive pneumonia.

The 27-year-old was flown out of

Beijing in an induced coma

yesterday after collapsing due to

heat stress. His brother has flown

from Melbourne to be by his bed

side. Hill had been covering the side. Hill had been covering the

Olympic Games for radio station 2GB.

Russian troops are on the move

inside Georgia, that's in violation

of a truce brokered yesterday.

Russia is now facing a global

backlash. To begin to repair the

damage to its relations with the US,

Europe and other nation and to begin

begin restoring its place in the

world, Russia must keep its word

and act to end this crisis.

President Bush is sending US

Secretaries of State, Condoleezza Secretaries of State, Condoleezza

Rice, to this region, and has

ordered the US military to begin

moving in humanitarian aid.

Australia is expected to announce

its aid package today. Australian

Vietnam veterans who fought in the

battle of Long Tan will be

recognised. Three officers will

receive top gallantry awards. 18

Australian soldiers died in the

battle in 1966. Four teenagers have

been injured after crashing their

car in to a police vehicle in

Sydney's south. The Commodore had

hit together car at Engadine just

minutes before smashing in to the

unmarked highway patrol car. The

vehicle then struck a power pole.

The 18-year-old unlicensed driver

is expected to be charged later

today. Telstra is reportedly set to

offer its staff non-union

enterprise agreements. According to

secret documents, Telstra will

offer the pay deals to staff in

areas where there is low union

participation. The strategy is

aimed at saving the company $50

million in labour costs over the

next three years. Women who quit next three years. Women who quit smoking during their first

pregnancy still have a greater risk

of having small or premature

babies and that's even if their

second baby is born three years

after kicking the habit. Health

experts say the study highlights

the long-term damage of smoking and the long-term damage of smoking and

are urging any prospective mothers

to quit. About one in five women

admit to have smoked while pregnant.

Three people have been shot dead at

an ice cream parlour in Germany. A

man and a woman were pronounced

dead that scene and another man on

the way to hospital. Police have the way to hospital. Police ha

tracked down the shooters. Miranda

Kerr has made a success of her

first official runway show in

Melbourne for David Jones. She was

launching the spring summer range launching the spring summer range

but a double act with Megan Gale

had heads turning. It may be

bitterly cold in Melbourne but not

in the Town Hall. Miranda Kerr

leading the charge as he made her

Melbourne catwalk for David Jones.

Showing off all the frills and

frocks you'd expect from a top

notch fashion parade. The

Australian fashion is up there with

the best of them. The tour is

Miranda's first as the face of DJs,

taking over the mantle from fellow

glamour girl Megan Gale. It's

always such a fun show to do, so

always such a fun show to do, so

they'll be having lots of fun and

enjoying it. The evening feeling

some spectators out of their league.

Is there a worst dressed section?

The spotlight was well and truly on

the girls. The coming season is

once again all about maxis and

minis in a rainbow of colours.

Australia's Olympic soccer campaign

is over. The Olyroos lost to the I

vorbgs ry Coast in their final

Group -- Ivory Coast in their final group match.

Tour de France runner-up Cadel

Evans has battled alknee injury to

finish fifth in the jij time trial.

He suffered a ruptured anterior

cruciate ligament at a post Tour

party in France. Most people would party in France. Most people would

take six weeks to even get Moore

mobile with their knee. The other

-- more mobile with their knee.

Michael Rogers finished 8th.

Collingwood assistant Guy McKenna

has been given the job for two

years. He's a relatively unknown in

Queensland and that's why I

probably thought Brad Scott and

McCrae would probably have an edge

there, given the fact their

allegiance with the Lions. The new

team will develop in the lower

team will develop in the lower leagues for the next two seasons

and enter the AFL in 2011. Time now and enter the AFL in 2011. Tim and enter the AFL in 2011. Time now

for our weekly snow report. Fiona

in Thredbo. What are they like this

morning the conditions? It does look

look good and it's quite chilly and

I can just not say, I can't do the

conditions justice across the

Australian resorts at the moment.

There are piles of snow and it just

keeps on coming. People are saying keeps on coming. People are saying

it's the best skiing they've had in

years while others are saying it's

absolutely excellent. I'm

encouraging everyone to come down

and check it out for themselves.

For the cover across the NSW

resorts, it is dry:

It's all about the white stuff with

snow showers forecast today and set

to stick around right through until

Sunday but then they'll be clearing

up for a nice run of sun. Something

we actually haven't seen in quite a

while and I'm looking forward to.

Thank you. Let's talk finance.

Another bump profit for the

Commonwealth Bank. Surprise,

surprise. Indeed. Australia's

biggest retail bank has posted a 7% biggest retail bank has posted biggest retail bank has posted a 7%

rise in annual net profit, to a

record $4.79 billion. The bank

chief remains cautious, predicting

a global credit crisis will weigh

down earnings for at least the next

18 months. The CBA has set aside

$200 12 million to cover the

possibility of more bad debts. The

Commonwealth's record profit result

has intensified the row over

interest rates. The RBA says bank

funding costs have fallen sharply

and there's no reason for them not

to follow the Reserve's lead.

Telstra has delivered a 13.5% rise

in annual net profit to $3.7

billion. That's largely thanks to a

jump in mobile phone revenue. The

profit result was below market expectations and investors slashed expectations and investors slashed

4% from the hair price. The boss

said Telstra -- share price. The

boss said it remains well ahead of

its peers. Our sales reserve new

have grown by over $1 billion for

the second year running. He's

revealed he's been given a 13.7%

pay rise, taking home nearly $13.5 million.

million. Australian consumers are a

little less gloomy with sentiment

rebounding from the 16-year lows.

The Westpac Melbourne institute

Index of Consumer Sentiment has

risen to 86.2 points. Economists

say attitudes are improving thanks

to cheaper petrol prices and the

possibility of an interest rate cut.

To the market numbers now.

That's the latest in finance for

too. Don't those skiing conditions

look fabulous? Powdery. You would

carve it up? I used to. My knees

are crook now. Not that you need to know that.

The Olyroos are out of the Games

but Eamon Sullivan will go for gold

in the 100 freestyle final. Jessicah Schipper chasing an

individual gold today. The

Government to unveil an aid package

for victims of the conflict in Georgia as Russian troops press

further in to Georgian territory,

ignoring a ceasefire. That's it for

the Early News. Goodbye for now. Have a great day. Supertext Captions by Red Bee Media Australia. www.redbeemedia.com.au