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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live.

Good morning. I'll Kathryn Robinson.

And I'm James Boyce. Welkin to

Ten's Early News. Today - residents

flee their homes in central

Queensland as towns brace for

Minister's popularity soars, further flooding. The Prime

according to a Newspoll!

A glowing Cate Blanchett shows off

in Sydney. her baby bump at an awards ceremony

In sport, lute lute lute's

Australian Open dream is over.

-- lute lute lute's Australian Open

dream is over. Lleyton Hewitt

To our first look of the markets

with James Boyce. A quiet night of

trading for the US. Yeah, Kath,

only, though, because it was

actually a public holiday there -

Martin Luther King Day in America.

blood-letting That didn't stop the blut

blood-letting elsewhere.

London's biggest loss since the 9/11 attacks.

More than $300 billion was wiped off European stocks.

When I come back - two Aussie media

moguls join forces yet again, Kath.

Big deal. Thank you, James.

More than 1,000 people have been

forced to flee their homes in

central Queensland overnight as

flood-swollen rivers continue to

remain rise. Emerald and Charleville

remain hardest hit, with locals

bracing for major flooding today.

By plane, by train, they arrived in

their dozens. Red Cross emergency

staff and volunteers in Emerald to

lend a hand. Also bunking down in

Emerald's former cotton gym, the

state's Emergency Services Minister,

Neil Roberts. People in Queensland

have been praying for ray for a

long period of time. And we're long period of time. And we're just

asking them to hold off for a

this couple of days until we get over

this latest crisis. He has plenty

told of company, as more people were

told overnight to leave their homes

for higher and drier digs. It's very surprising how fast it is

coming up. The local river should

have stopped rising yesterday. But instead,

instead, it continues creeping

higher at about 4cm an hour. It's

being pushed along by continuing heavy rain and nearby Fareburn Dam,

disgorging huge amounts of water

over the spillway. It's the same at Charleville,

Charleville, where the town's

temporary levee continues to be

tested. Canberra and the Queensland

Government are both promising aid,

with the Federal Government's

office and communication centre, so-called drought bus, a mobile

assist flood victims. arriving in Charleville today to

The Japanese have released their

own video of last week's whaling

drama. It shows two drama. It shows two protesters,

Potts, tied up aboard the whaling including Australian Benjamin

ship. The men are then taken inside

and given food and water. I hadn't

thought of poison. Now you've put

it in my mind, I'm getting werede!

The men were eventually freed,

claiming they'd been assaulted,

which is not shone on the whalers' tape.

A 5-year-old boy has fractured his

skull after falling from the upstairs

upstairs window of a home in

Sydney's south-west last night. The

boy hit his head on a concrete path

and was airlifted to hospital in a

serious but stable condition.

Police are considering whether to

lay charges against the survivor of

a double drowning in Sydney's

a double drowning in Sydney's east.

and The 27-year-old man and another

and woman were The 27-year-old man and another man

and woman were allegedly

spray-painting graffiti on a drain

when they became trapped by rising

stormwaters. He was rescued, but

the other two drowned. He's been

questioned by police and could be

public property. charged with trespass and defacing

Kevin Rudd is enjoying a surge in popularity! The latest Newspoll showing support for the PM showing support for the PM has

Howard. swelled since he replaced John

He hit an all-time high of 68% in

the preferred PM stakes compared

to Brendan Nelson, on just 11%.

Labor has also increased its lead

over the Coalition in the over the Coalition in the 2-party

preferred. One in three voters are

yet to form an opinion of Rudd in

the top job.

Meantime, Mr Rudd is calling on the

nation to save more, unveiling his

5-point plan for winning the war on

inflation. The PM says householders

also need to their bit. Mr Rudd hinting

hinting at tax breaks and higher super contributions for those who slash their spending. has the PM feeling the heat. Inheriting a red-hot economy likely next month, With another interest rate rise a war on inflation. Kevin Rudd has declared Necessary, he says, lost the interest rate battle. because John Howard of government policy We will deploy every tool an effective fight to ensure that fight against the inflation challenge. in the boom city of Perth, Convening Cabinet a 5-point battle strategy. Mr Rudd laid out slashing government spending, Target one - to 1.5% of GDP, and bumping up the Budget surplus to save $10 billion. sending his ministers on a mission disciplines within our own ranks. We are doing that to enforce have welcomed Labor's plan, While business groups pre-emptive strike on inflation some analysts doubt Mr Rudd's will have any impact on the short-term economy.

has built a case Already, a raft of data to lift interest rates for the Reserve Bank are crucial. Now cost-of-living figures Jaqueline Maddock, Ten News.

Pregnant women are being warned to

cut back on caffeine! Researchers

in the United States finding just

two cups of coffee a day can double

the risk of miscarriage! According

to the study, caffeine can damage

development and reduce blood flow.

Harming an unborn baby's life

support system.

Pregnant women are being urged to limit their coffee and drinks. limit their coffee and caffeinated

A bus has crashed in India, killing

almost 40 people. The bus driver lost control at a hairpin bend,

sending the bus down a gorge. While

the bus has seating for 45 people,

it's thought as many as 80 were on

board at the time. At least five

children are among the dead.

At least 14 buildings have been

destroyed in a huge blaze in the

United States. Hundreds of

firefighters are battling the fire,

which is thought to have started in

a nightclub which was being renovated. As many as 26

residential units have gone up residential units have gone up in

flames. So far, there are no

reports of injuries.

Cate Blanchett showed off her

fuller figure overnight at an

awards event in Sydney. The

pregnant star wearing a fitted gown

joined by her husband Andrew Upton

for the Sydney Theatre Awards.

Blanchett is tipped for an Oscar

this year, but her expected baby this year, but her expected baby

and theatre commitments may prevent

her from going to LA for the

ceremony. Look, it's all dependent on

on this little creature here, and

the needs of the company. I'm

directing Robyn Nevin in the 'The

Year of Magical Thinking'. So we'll

take it a step at a time. Oscar

nominations are announced tonight,

with the event to be held next

month. Cate's babesy due in April.

Lleyton Hewitt is out of the Australian Open after a

straight-sets loss to Serb Novak

Djokovic in the fourth round.

Australia's last singles hope for

the tournament going down 7-5

the tournament going down 7-5 6-3 6-3.

World number one Roger Federer also

moves through with a straight-sets

victory over Czech Thomas Berdych.

He'll face James Blake in the

quarters after the American downed

croat Marin Cilic. Australian opener Matthew Hayden

has hit back at Indian claims the tourists have been the better side

this summer. He'll get the chance

to prove them wrong on Thursday.

He's cruising through a fitness

test and will return to the Aussie

line-up for the fourth Test. Matthew Hayden's arrived in Adelaide desperate for a change of fortune. Last week, a hamstring injury broke his run of 87 straight Tests, then he watched helplessly from the stands as India halted Australia's streak of 16 Test wins. It was good to get here ahead of the team, I reckon as well,

just give me a couple more days to recover from the flight and get into what's going to be an amazing Test match again here. REPORTER: You love it here? I think this is by far my favourite Test match for the summer. Hayden has grown to love the atmosphere of an Adelaide Test even more than that of Boxing Day. over the last three to four days and upped the ante, upped the tempo, every day that he's trained which is all we can ask of him. Once the team arrives this afternoon, he'll start doing some more physical work to make sure he can cope with the running and demands of the fielding side of the game. Hayden should replace Chris Rogers at the top of the order. Brad Hogg ready to step in for the disappointing Shaun Tait. of the last one? REPORTER: Was it tough to sit out Definitely, being on the home ground, on the home front, yeah, definitely. Paul Dowling, Ten News.

To finance now with James. And

Lachlan Murdoch makes a very

dramatic return to the media sector.

He has. He's joined forces with

James Packer once again in a $2.8

billion deal to privatise

Consolidated Media Holdings. Mr

Murdoch's private company Illyria

and Packer's Consolidated Press

Holdings will take a 50-50 stake in a

a joint venture inbuy out CMH. It currently

currently owns stakes in Channel

Nine, ACP, Foxtel and jobs site Seek. They'll offer investors

around $4.80 per share and the deal will require majority approval.

It's the first partnership between Murdoch and Packer since that disastrous One.Tel communications venture.

Businessman Trev Kennedy has

reportedly been slug would a

multimillion-dollar tax bill

related to the offset Alpine related to the offset Alpine shares

scandal. The Tax Office has accused Mr Kennedy of tax-fraud innovation.

The former Qantas director could

now face criminal charges.

Resource Pacific has called Resource Pacific has called on

Xstrata to raise its takeover bid.

Boss of the coal miner Paul Jury is

open to talks with the company

following its offer of $1.85 per

share. Shareholders have been

advised to ignore the bid. Shares

in the miner have consistently

traded well above the Xstrata offer price.

A look at the national weather

details for the day ahead.

Let's take a look that headlines in

today's newspapers.

The 'Telegraph' has more on the

down drowning deaths of a man and

woman in a Sydney drain.

The 'Herald's business day reports on yesterday's loss of $43 on yesterday's loss of $43 billion

from the Australian share market. And Brisbane's And Brisbane's 'Courier-Mail'

reports Queensland is facing a

damage bill in excess of $1 billion

from the floods.

Sir Edmund Hillary to be farewelled

at a funeral service today. The

details when the Early News returns.

This program is This program is captioned live.

You're watching Ten's Early News. You're watching Ten's Early News.

Top stories this morning - Top stories this morning -

Queensland towns brace for major

flooding today as river levels rise.

Sir Edmund Hillary to be farewell

at a state funeral in New Zealand. A murder trial under way for a

British man accused of jumping off

a hotel balcony with his children.

And in sport, Lleyton Hewitt's

Australian Open dream is over.

Another check of finance. James,

global markets convinced the US is

heading towards recession. Yeah,

Kath. Good morning. Wall Street might have been closed

might have been closed overnight due to a public holiday, but that

didn't stop European stock markets

wiping off $300 billion in value on Monday.

Worried investors look to dump

anything with high exposure to the US. US.

When I come back - one troubled

local investment house which has

lost its CEO.

Thank you. Around 1,000 people have

fled their homes in the Queensland

town of Emerald as locals brace for

major flooding this morning.

However, some relief is on the way

- the Federal Government - the Federal Government sending

its drought bus to help the flood-affected. The damage bill is flood-affected. The damage bill is

expected to top $1 billion. Rivers

are also rising in Charleville,

with a peak expected there some

time today. Mark Suleau is in Charleville.

Charleville.

Well, the river has been steadily

rising here during the night, and

it is expected to peak in a few hours' time. At about 6.5m. That's

6.5m above the natural flow of the

river, so that's an awful lot of water. However, the authorities don't

don't believe now that it will

breach the levee or damage the

temporary levee that's been built temporary levee that's been built

over about 375m to protect the business centre. Providing that

doesn't happen, there shouldn't be doesn't happen, there shouldn't be

any water in the town itself. There

are a lot of counselling services

going on now - a lot of clean-up

services for those who were flooded

late last week and over the weekend

in some of the lower-lying areas

around Charleville. Those sorts of services, of course, are necessary

to make sure no disease develops to make sure no disease develops to

help people with trauma, and to

make sure everything goes smoothly

in the clean-up. And that's going take some time.

Mark Suleau there.

A boutique fashion store in Sydney

has been robbed for the second time

this week. Thieves smashed their

way into the city is a store before

making off with around 50 handbags.

It had been robbed just three days

ago. Police are looking for a

dark-coloured WRX believed to be involved in the incident.

The Prime Minister has hinted at

tax breaks and higher super

contributions for those who cut back on their personal spending.

The incentives part of the

Government's 5-point plan to put

downward pressure on interest rates.

Mr Rudd is planning to slash

Government spending and lift the

Budget surplus to 1.5% of GDP, or

$18 billion. We will deploy every

tool of Government policy to ensure

that we an effective fight against the inflation

Upskilling the workforce is also

part of the plan - the Opposition

has labelled the announcement has labelled the announcement all

spin and no substance.

The new Solomon Islands Prime

Minister will touch down in

Canberra today on his first visit

as leader. Derek Sikua took over

the top job last month after a no-confidence vote in his

predecessor, Manasseh Sogavare.

Re-elected Queensland Nationals

leader Lawrence Springborg says

he's confident of winning the next

State election. The 40-year-old

yesterday ousted Jeff Seeney from

the Party's top job after a

leadership ballot. In his second

turn as leader, standing down in 26

following his party hfs landslide

election defeat. I have been

through the hard road, so to speak,

and that I will be able to take to the people of Queensland through

that experience a plan and a

proposal, which will ensure that

the alternative they want can be delivered.

delivered. Sunshine Coast MP Fiona

Simpson has remained deputy leader.

Authorities in Victoria on high

alert for anyone changing large

quantities of US $100 notes. It

follows the mugging of an American

poker pro. The bandit making off

with $30,000 in the foreign currency.

It was the moment Jason Potter's

luck ran out. Pulled a knife and

took my money and threatened me and

ran away. After winning $30,000 at

the Aussie Millions poker

tournament, the 22-year-old stepped out

out of his hotel for an early-morning snack. He also

decided to cash in his winnings -

from that moment, it's believed he

was targeted. The attacker knowing

which pocket the money was in. I was basically just like appease

this guy, whatever he wants, just

give it to him. I've just got to

get out of this. Police have urged

financial institutions to be on

alert. Of anyone attending their

premises and exchanging large

quantities of American quantities of American $100 notes.

One with large quantities of cash,

tournament winner taking home

million. Happy. Everyone would be.

So I'm happy! He hopes to help

others with some of the money -

perhaps Jason Potter could give him a call!

Hundreds of people are expected to

farewell New Zealand mountaineering

legend Sir Edmund Hillary at a

state funeral today. Many well-wishers have already filed

past his body, which has been lying

in state. The son of the sherpa who

accompanied him up Mount Everest

will address today's service. Sir

Edmond, the first person to climb Edmond, the first person to climb

the world's tallest mountain, died

of heart failure 11 days ago at the

age of 88.

A British man is standing trial in

Crete after allegedly jumping off a

hotel balcony with his two children.

John Hogan's 6-year-old son Liam

was killed in the fall. His

daughter Mia survived. The

33-year-old has been charged with

murder and attempted murder. And if

found guilty, he could be jailed for

for life. His lawyers argue he for life. His lawyers argue he was

mentally unstable at the time, and

has a family history of depression.

Lleyton Hewitt's Australian Open

dream has once again been cut shot,

a knocked out overnight by Novak

Djokovic in the fourth round. Australia's last singles hope

refusing to blame re-scheduling after his last match finished in

the early hours of the morning. After finishing his third-round

match at 4:30 Sunday morning,

Lleyton Hewitt was again on centre

court. No signs of fatigue early,

though, as he took the first break.

Come on! Djokovic hitting Come on! Djokovic hitting straight

back, levelling the scores and

sealing the first set. Come on!!

The local hope opening the second in in style.

Before frustration set in as the

Serb powered ahead, breaking

consecutively to wrap up the second

set. Oh my goodness! What a point!

Djokovic takes a two sets to love

lead! The third all Djokovic. The

world number three cruising home

7-5 6-3 6-3. Hewitt refusing to

blame a lack of sleep. I felt ready

when I, um, you know had to go on

the court. And I started pretty

well - maybe, you know, as the

match went on, maybe I lost that

sharpness, you know, a little bit.

I think in the second set, you know,

he was struggling with long points

and he made some uncharacteristic,

for him, unforced errors. Djokovic

will now face Spain's David Ferrer

in the quarterfinals.

Trouble for Queensland Roar heading

into the A-League finals. Football

Federation Australia is expected to

come down hard on midfielder Danny Tiatto, following his fiery

outburst during the Roar's 2-0 loss to Adelaide.

This get really ugly here. They

need to get Tiatto down the tunnel

in a hurry. It followed an incident

with United's Travis Dodd in the first

first half. Tiatto now faces a

violent-conduct charge. He's like 3 violent-conduct charge. He's like 3 miss the minor semifinal with

Sydney FC.

Australia will welcome back opener

Matthew Hayden for the fourth and

final Test against India on Thursday. Arriving in Adelaide early, hade had has cruised through

a fitness test and will return at

the expense of Chris Rogers. It was

good to get here ahead of the time,

as well, I reckon, just give me a

couple more days to recover from

the flight and get into what's

going to be an amazing Test match

again here. Spinner Brad Hogg is

also preparing to step also preparing to step back into

the line-up in place of Shaun Tait.

Finance again with James. The boss

of MFS resigns? Yeah, Kath,

probably no surprise there, given

the recent turmoil. But Michael

King has step down as the embattled investment group suspended its

shares for the second time in less

than a week. Mr King will be

replaced by deputy CEO Craig White.

MFS is believed to be considering rescue

rescue proposals from a number of

parties after the company's

disastrous request for 550 million

dollars in equity on Friday, which

sent its share price plummeting.

BHP is believed to be considering a

pre-conditional hostile takeover for

for Rio Tinto. Before the takeover

panel deadline of February 6. It

would give the mining giant up to a

year to raise the price and

possibly gain a recommendation from

the Rio board. BHP says it still

believes its 3-for-1 share offer is compelling, despite Rio labelling it

as nowhere near what it's worth.

Both BHP and Rio shares were hit by the the broader market falls yesterday.

A look now at the national weather

details for the day ahead:

New warnings about the dangers of caffeine! That's next!

And the CommSec finance report when the Early News returns.

This program is captioned live.

You're watching Ten's Early News.

Today, residents flee their homes

in central Queensland as towns

brace for further flooding.

The Prime Minister's popularity

soars, according to a new poll.

A glowing Cate Blanchett shows off

her baby bump at an awards ceremony

in Sydney.

And in sport, Lleyton Hewitt's

Australian Open dream run is over.

Time for finance. James, another

fairly dramatic day on the markets.

Certainly was, Kath. There was

bloodshed all around on Monday! The

only reprieve was on Wall Street,

closed due a public holiday.

When I come back, we'll cross live

to CommSec for a market update Thanks, James.

Nearly 2,000 people have been

forced to flee their homes in

central Queensland overnight as flood-swollen rivers continue to

rise. Emerald and Charleville

remain the hardest hit, with locals

bracing for major flooding today.

The damage bill is expected to top

$1 billion.

By plane, by train, they arrived in

their dozens - Red Cross emergency

staff and volunteers in Emerald to

lend a hand. Also bunking down in lend a hand. Also bunking down in

Emerald's former cotton gym, the state's Emergency Services Minister,

Neil Roberts. People is -- people

in Queensland have been praying for

rain for a long time. We're

rain for a long time. We're asking

them to hold off until we get over

this latest crisis. More people

overnight were told to leave their

homes for higher and drier digs.

It's very surprising it is coming

up. The local river here should

have stopped rising yesterday. Instead, it continues creeping

higher at about 4cm an hour.

It's being pushed along by

continuing heavy rain and nearby

Fareburn Dam disgorging huge Fareburn Dam disgorging huge mounts

of water over the spillway. The same at Charleville, where the

Warego River continues to test the

town's temporary levee. Canberra and the Queensland Government are

both promising aid, with the

Federal Government's so-called

drought bus, a mobile office and

communications centre, arriving in Charleville today to assist Charleville today to assist flood victims.

Police are still considering Police are still considering

whether to lay charges against the whether to lay charges against the

survivor of a double drowning in

Sydney's east. The 27-year-old man Sydney's east. The 27-year-old man

and another man and woman were

allegedly spray-painting graffiti on a drain when they became trapped

by rising stormwaters. He was

rescued, but the other two drowned.

He's being questioned by police and

could be charged with trespass and

defacing public property.

Victorian authorities will retest

up to 1,000 truck drivers and motorcyclists licenced by a company caught up in alleged bribe scandal.

100 drivers have reportedly already

surrendered their licence. It comes

after a police officer and her

husband were charged with receiving

secret commissions. Their

accredited driving school has since

been closed. A review is under way

into the outsourcing of into the outsourcing of licensing to private firms.

Support for Kevin Rudd has soared,

according to the latest Newspoll.

His popularity is at an all-time

high of 68%. Mr Rudd has called on

households to do their bit in the

fight against inflation. He's

hinted at tax breaks and higher

super contributions for those who slash their spending. Inheriting a red-hot economy has the PM feeling the heat. With another interest rate rise likely next month, Kevin Rudd has declared a war on inflation. Necessary, he says, lost the interest rate battle. because John Howard

We will deploy every tool of government policy to ensure that we fight an effective fight against the inflation challenge. Convening Cabinet in the boom city of Perth, Mr Rudd laid out Target one - slashing government spending,

and bumping up the Budget surplus to 1.5% of GDP, sending his ministers on a mission to save $10 billion. We are doing that to enforce disciplines within our own ranks. While business groups have welcomed Labor's plan, some analysts doubt Mr Rudd's pre-emptive strike on inflation will have any impact on the short-term economy. Already, a raft of data has built a case for the Reserve Bank to lift interest rates when it meets in February. Now cost-of-living figures are crucial. Jaqueline Maddock, Ten News.

Pregnant women are being warned to

cut back on caffeine! Researchers in the United States finding just

two cups of coffee a day can double

the risk of miscarriage. According

to the study, caffeine can damage

development and reduce blood development and reduce blood flow,

harming an unborn baby's

life-support system. Expectant

mothers are now being urged to

limit their intake of coffee, tea

and caffeinated drinks.

High levels of toxic chemicals have

reportedly been found in Tasmanian

devils. Fairfax newspapers say the

substances were discovered during tests ordered by the Tasmanian

Government. The chemicals are

normally used in flame-retardants, in

in white goods, carpets and

computers. It's unclear if the chemicals trigger a facial disease

which is driving the species to extinction.

At least 14 buildings have been

destroyed in a huge blaze in the

United States. Hundreds of firefighters are battling the fire,

which is thought to have started in a nightclub which was being

renovated. As many as 26

residential units have gone up in

flame. So far, there are no reports of injuries.

Cate Blanchett showed off her fuller figure overnight at fuller figure overnight at an

awards event in Sydney. The

pregnant star wearing a fitted

outfit was joined by her husband

Andrew Upton for the Sydney Theatre

Awards. Blanchett is tipped for an

Oscar this year, but her expected

baby and theatre commitments may

prevent her from going to LA prevent her from going to LA for the ceremony.

the ceremony. Look, it's all

dependent on this little creature

here, and the needs of the here, and the needs of the company. I'm directing Robyn Nevin in 'The

Year of Magical Thinking', so we'll

take it a step at a time. Oscar nominations are announced tonight,

with the event to be held next

month. Cate's baby is due in April.

Lleyton Hewitt is out of the

Australian Open after a

straight-sets loss to Serb Novak

Djokovic in the fourth round.

Australia's last singles hope for

the tournament going down 7-5 the tournament going down 7-5 6-3 6-3.

World number one Roger Federer also moves World number one Roger Federer also moves through with a straight-sets

victory over Czech Thomas Berdych.

He'll face James Blake in the

quarters after the American downed

croat Marin Cilic. Australian opener Matthew Hayden

has hit back at Indian claims the

tourists have been the better side

this summer. He'll get the chance

to prove them wrong on Thursday.

He's cruised through a fitness test

and will return to the Aussie line for the fourth Test. Matthew Hayden's arrived in Adelaide desperate for a change of fortune. Last week, a hamstring injury broke his run of 87 straight Tests, from the stands then he watched helplessly as India halted Australia's streak of 16 Test wins.

It was good to get here ahead of the team, I reckon as well, just give me a couple more days to recover from the flight and get into what's going to be an amazing Test match again here. REPORTER: You love it here? I think this is by far my favourite Test match for the summer. Hayden has grown to love the atmosphere of an Adelaide Test even more than that of Boxing Day. He's trained really well over the last three to four days

and upped the ante, upped the tempo, every day that he's trained which is all we can ask of him. Once the team arrives this afternoon, he'll start doing some more physical work to make sure he can cope with the running

and demands of the fielding side of the game. Hayden should replace Chris Rogers at the top of the order. Brad Hogg ready to step in for the disappointing Shaun Tait. REPORTER: Was it tough to sit out of the last one? Definitely, being on the home ground, on the home front, yeah, definitely. Paul Dowling, Ten News.

The local share market is forecast

to fall by up to another 10% after

almost $43 billion was wiped from

stocks yesterday. With more, Craig

James from CommSec joins us live.

Good morning, Craig. How close is

the Australian share market the Australian share market to

reaching that official bear status?

James, a bear market is basically

James, a bear market is basically when you have a protracted period

of declines in the share market.

Our share market is only just below

where it was a year ago. We're way

off that. But it's certainly going

to be ugly on the share market today. We could see declines of

over 200 points after European

share markets plunged by 6%

overnight. Access Economics is

forecasting two interest-rate rises

this year, including one next month

do you agree with that? I think we can can pencil in one interest-rate

hike. Our economy is performing

well. There are a number of

inflationary threats. A lot will

depend on this global financial

crisis, with share markets plunging.

There's only been a slight rise in the Producer Price Index? That's

encouraging, but of course all eyes

on tomorrow's consumer price index

result. However, spare a thought

for real-estate agents. They've

enjoyed very healthy fee increases over

over the past 12 months of 13%. Still wouldn't mind being a

real-estate agent! CommSec's Craig James, many thanks. Thank you.

A look now at the national weather

details for the day ahead:

Taking a look at today's newspaper

headlines now - Kevin Rudd reveals

his plan to control inflation,

including incentives for households

to start saving. That story in the

'Sydney Morning Herald'. In the

'Financial Review', Lachlan Murdoch and James Packer are back in

business again, joining forces to

privatise Consolidated Media

Holdings in a $3.3 billion deal.

And Victorian Supreme Court judges

will take over some of the State's sex crime tries from lower-court

judges. That story in the 'Herald Sun'.

Police hunt the man who robbed a

poker champion. The details when

the Early News returns. GOOD MORNING MAKING NEWS TODAY - A MERINO SELLS FOR A RECORD

SIXTEEN THOUSAND DOLLARS IN CANBERRA - THAT STORY SOON A-C-T POLICE ARE INVESTIGATING THE CAUSE OF YESTERDAY'S FATAL CAR ACCIDENT IN CIVIC. A SEVENTY-ONE YEAR OLD MAN DIED, AND A SEVENTY YEAR OLD WOMAN SUFFERED SERIOUS HEAD AND CHEST INJURIES, AFTER THEIR CAR LEFT BARRY DRIVE AND HIT A TREE. ANY REMAINING WITNESSES ARE URGED TO GIVE POLICE A CALL. A TWENTY-FIVE YEAR OLD MAN'S BEEN RELEASED ON BAIL, AFTER A SEXUAL ASSAULT AT A CIVIC NIGHTCLUB. HE'S ACCUSED OF FORCING A TWENTY FIVE YEAR OLD WOMAN INTO THE NIGHTCLUB'S TOILETS, BEFORE COMMITTING THE ASSAULT ON SATURDAY NIGHT. SECURITY GUARDS HELPED POLICE ARREST THE MAN BEFORE HE LEFT THE SCENE. HE'LL RETURN TO COURT IN THREE WEEKS. THE A-C-T GOVERNMENT'S BEEN URGED TO HELP THE LOCAL ECONOMY OVERCOME PLANNED CUTS TO THE PUBLIC SERVICE. THE OPPOSITION'S MADE THE PLEA, IN WAKE OF FURTHER FUNDING AND POSSIBLE JOB CUTS TO IMPROVE THE FEDERAL GOVERNMENT'S BUDGET SURPLUS.

THE OPPOSITION'S CALLED FOR THE GOVERNMENT TO HELP EXPAND CANBERRA'S PRIVATE BUSINESSES, TO MINIMISE THE IMPACT OF THE PUBLIC SERVICE CUTS. A RECORD PRICE HAS BEEN PAID FOR A MERINO IN CANBERRA. THE PRIZED ANIMAL SOLD FOR SIXTEEN THOUSAND DOLLARS YESTERDAY .. FOUR THOUSAND ABOVE THE OLD RECORD. SALE ORGANISERS SAY THE RECORD PRICE HAS BEEN BROUGHT ON BY THE RECENT RAIN AND HIGHER WOOL PRICES.

A CHARITY INDOOR SOCCER COMPETITION HAS RAISED ALMOST FOUR THOUSAND DOLLARS FOR THE CANBERRA

HOSPITAL. THE SECOND STEVE ARNOTT INDOOR SOCCER TOURNAMENT SOCCER TOURNAMENT FEATURED SIXTEEN TEAMS FROM ACROSS THE REGION.. ALL THE MONEY RAISED GOING TOWARDS THE HOPSITAL'S ONCOLOGY UNIT.

THE EVENT ALSO COMMEMMORATES LOCAL SOCCER PLAYER STEVE ARNOTT, WHO REPRESENTED AUSTALIA IN INDOOR SOCCER BEFORE DYING FROM A STOMACH TUMOUR. AND IN SPORT, OUR REGION'S BEST JUNIOR A-F-L PLAYERS ARE TAKING PART IN THIS YEAR'S STATE TRIALS. LOCAL REP TEAMS FROM UNDER THIRTEENS THROUGH TO EIGHTEENS WILL TAKE PART IN THE THREE DAY TRIAL AT COFFS HARBOUR.. ..THE BEST PLAYERS WILL BE CHOSEN IN THE NEW SOUTH WALES - A-C-T RAMS SQUAD. A-F-L SCOUTS WILL ALSO BE ON HAND TO LOOK OUT FOR THE STARS OF TOMORROW. NOW TO THE WEATHER... A COOL SOUTHEASTERLY AIRSTREAM HAS PUSHED ACROSS THE A-C-T AS A RIDGE OF HIGH PRESSURE BUILDS ACROSS SOUTHERN AUSTRALIA. A FEW SHOWERS IF YOU'RE HEADING TO SYDNEY TODAY A TOP OF 22 .. CLOUDY AGAIN IN CANBERRA .. THUNDERY SHOWERS IN PERTH .. SUNNY IN ADELAIDE TO OUR REGION - MOSTLY FINE IN ORANGE .. WAGGA GETTING UP TO 27 .. A SHOWER OR TWO IN WOLLONGONG AND POSSIBLE SHOWERS IN BEGA. THE CHANE OF A SHOWER IN BATHURST AND BATEMANS BAY .. DRIZZLE IN BOWRAL A TOP OF 18 .. AND MOSTLY FINE IN DRIZZLE IN BOWRAL A TOP OF 18 .. AND MOSTLY FINE IN THE ALPS POSSIBLE SHOWERS IN COOMA PARKES FINE AN A TOP OF 29 DEGREES

CHECKING WHAT THE REST OF THE WEEK'S LOOKING LIKE - FINE TOMORROW AND 23 .. // WARMER ON THURSDAY .. AND STAYING MOSTLY FINE WITH 27 ON FRIDAY (NO SCRIPT NEEDED HERE)

This program is captioned live.

Welcome back to Ten's Early News.

This morning - Queensland towns

brace for major flooding today as river levels rise. Sir Edmund Hillary to be farewelled

at a State funeral in New Zealand.

A murder trial under way for a

British man accused of jumping off

a balcony with his a balcony with his children.

And in sport, Lleyton Hewitt's

Australian Open dream is over.

Finance now with James. There seems

no end to the stock market turmoil?

Kath, the only stocks not moving

down were in the US. That was only

because they were having a public holiday.

When I come back, we'll look at why

media moguls James Packer and

Lachlan Murdoch have joined forces

yet again. Kath. Thanks James.

Nearly 2,000 people have fled their

homes in the Queensland town homes in the Queensland town of

Emerald as locals face for major

flooding this morning. Some relief

is on the way - the Federal

Government sending its drought Government sending its drought bus

to help the flood-affected. The

damage bill is expected to top $1

billion. Rivers are also rising in

Charleville, with the peak expected there

there some time today. Ten reporter

Mark Suleau is in Charleville.

Well, the river has been steadily

rising here during the night, and

it is expected to peak in a few

hours' time at about 6.5m - that's

6.5m above the natural flow of the

river. So that's an awful lot of

water. However, the authorities

don't believe now that it will

breach the levee or damage the

temporary levee that's been built

over 375m to protect the business centre. Providing that doesn't happen, there shouldn't be any

water in the town itself. There are

a lot of counselling services going

on now - a lot of clean-up services

for those who were flooded late

last week and over the weekend in

some of the lower-lying areas

around Charleville. Those sorts of

services, of course, are necessary

to make sure no disease develops,

to help people with trauma, and to

make sure everything goes smoothly

in the clean-up. And that's going

to take some time.

A 5-year-old boy has fractured his

skull after falling from the

upstairs window of a home in

Sydney's south-west overnight. The

boy hit his head on a concrete path

and was airlifted to hospital in and was airlifted to hospital in a serious but stable condition.

Kevin Rudd is enjoying a surge in popularity. The latest Newspoll

showing support for the PM has swelled swelled since he replaced John

Howard.

Rudd hitting an all-time high of 68%

in the preferred PM stakes

compared to Brendan Nelson, on just

11%. Labor has also increased its

lead over the Coalition in the 2-party preferred. One in three

voters, however, are yet to form an

opinion of Rudd in the top job.

A boot boutique fashion store in

Sydney has been robbed for the

second time this week. Thieves

smashed their way into it the city

store before making off with around

50 handbags. It had been robbed just

just three days ago. Police are

looking for a dark-coloured WRX believed to be involved in the incident.

Hundreds of people are expected to

farewell New Zealand mountaineering

legend Sir Edmund Hillary at a

State funeral today. Many well-wishers have already filed past

past his body, which has been lying

in state. The son of the sherpa who

accompanied him up Mount Everest

will address today's service. Sir

Edmond, the first person to climb

the world tallest mountain, died of

heart failure 11 days ago at the age of 88.

Authorities in Victoria are on high

alert for anyone changing large

quantities of US $100 notes. It

follows the mugging of an American

poker pro. The bandit making off

with $30,000 in the foreign currency.

currency.

It was the moment Jason Potter's

luck ran out. Basically just pulls

a knife and takes all my money and

threatens me and runs away. After winning $30,000 at the Aussie

Millions poker tournament, the

22-year-old stepped out of his

hotel for an early-morning snack.

He also decided to cash in his

winnings. From that moment, it's

believed he was targeted. The attacker

attacker knowing which pocket the

money was in. I was basically just

like appeasing this guy, whatever

he wants, just give it to him.

"I've just got to get out of this."

Police have urged financial

institutions to be on alert: Of

anyone aattending their premises

and exchanging large quantities of

American $100 notes. One with large

quantities of cash - tournament

winner Alexander Kostritsyn taking

home $1.65 million. Happy. Everyone

would be. So I'm happy! He hopes to

help others with some of the money

- perhaps Jason Potter could give

him a call!

The Japanese have released their

own video of last week's whaling

drama. It shows two protesters, including Australian Benjamin

Potts, tie Thaied up aboard the

whaling ship. The men are then

takingen inside, given food and

water. I hadn't thought of poison.

Now you've put it in my mind, I'm

getting worried! The men were

eventually freed, claiming they'd

been assaulted, which is not shown on the whalers' A on the whalers' tape.

A British father has gone on trial

accused of murdering his son and attempting to his kill daughter

when he jumped off a hotel balcony

with them in Crete. John Hogan with them in Crete. John Hogan says

he didn't know what he was doing.

Any message for your ex-wife and daughter?

John Hogan left the prison where he

spent the last 16 months this

morning, arriving at court hoping

to convince the Greek judge and

jurors that his actions were

prompted by a breakdown in his

mental state. For his ex-wife

Natasha, it was the first Natasha, it was the first time

she'd come face to face with him

since the tragic events of August

2006. The Hogan family had been partway through a 2-week holiday in

Crete. Speaking to the 'Tonight'

prarpblgs Mrs Hogan described her

ex-husband's behaviour in the

moment before he plunged over the

hotel balcony with his son Liam and

daughter Mia. He had a crazed look in

in his eye. I remember the look ask

I thought "Whoa." You know, I thought "Whoa." You know, I have

not seen that look before. And then,

next thing I know, I turn around...

and no-one's in the room. The and no-one's in the room. The next

thing I saw... was little Liam on

the floor.

Um... just lying there. In a heap.

6-year-old Liam was killed in the

fall. 2-year-old Mia survived with just fall. 2-year-old Mia survived with

just a broken arm. John Hogan's

trial is expected to last two days.

If found guilty of murder, he faces life in imprisonment.

Shane Warne could be in line for a

knighthood. British Prime Minister

Gordon Brown is calling for a

return to the old honour system

which recognises sportsmen in the

Commonwealth. It means cricketers

such as Shane Warne and Glenn

McGrath could be knighted in an

honour bestowed on Sir Don Bradman in

Lleyton Hewitt's Australian Open

dream has once again been cut short,

knocked out overnight by Novak

Djokovic in the fourth round.

He refused to blame scheduling

after his last match finished in

the early hours of the morning.

After finishing his third-round match

match at 4:30 Sunday morning,

Lleyton Hewitt was again on centre Lleyton Hewitt was again on centre

court. No signs of fatigue early,

though, as he took the first break. Come on!

Djokovic hitting straight back, Djokovic hitting straight back,

levelling the scores and sealing the

first set. Come on!! The local hope

opening the second in style: Hewitt

with the break. Before frustration

set in as the Serb powered ahead,

breaking consecutively to wrap up

the second set. COMMENTATOR: Oh my

goodness! What a point! Djokovic

takes a two sets to love lead! The

third all Djokovic. The world number three cruising home 7-5 number three cruising home 7-5 6-3 6-3. Hewitt refusing to blame a

lack of sleep. I felt ready when I,

um, had to go on the court and I

started pretty well - maybe, you

know, as the match went on, um, you

know, maybe I lost that sharpness,

you know, a little bit. I think in

the second set, you know, he was...

he was struggling with long points he was struggling with long points and he made some and he made some uncharacteristic,

for him, unforced errors. Djokovic

will now face Spain's David Ferrer

in the quarterfinals.

Trouble for Queensland Roar heading

into the A-League finals. Football

Federation Australia is expected to

come down hard on midfielder Danny Tiatto, following his fiery

outburst during the Roar's 2-0

loss to Adelaide. COMMENTATOR: This

could get really ugly here. They

need to get Tiatto down the tunnel

in a hurry. The incident followed a collision

collision with United's Travis Dodd

late in the first half. Tiatto was

sent off for the incident and now

faces a violent-conduct charge.

He's like 3 miss the 2-legged minor semifinal with Sydney FC.

Australia will welcome back opener

Matthew Hayden for the fourth and

final Test againstind Iia on Thursday. Arriving in Adelaide

early, Hayden has cruised through a

fitness test and will return at fitness test and will return at the

expense of Chris Rogers. It's good

to get here ahead of the team, I

reckon, as well. Just give me a

commore days to recover from the floilgt and get into floilgt and get into what's going

to be an amazing Test match again

here. Spinner Brad Hogg is also

preparing to step back into the

line-up in place of Shaun Tait.

Finance with James, and a major

shake-up in the Australian media

industry. It seems they're best

buddies once again, at least in a

business sense. Lachlan Murdoch has

joined forces with James Packer in

a $2.8 billion deal to privatise consolidated media

consolidated media holdings. Mr Murdoch's

Murdoch's private company ilskpil Packer's consailidated press Packer's consailidated press

holdings will take 50-50 stake in

CMC. The deal will require majority approval. It's the first

partnership between Murdoch and

Packer since their disastrous

One.Tel venture.

It's feared Allco could become the

next Australian victim of the

global credit crunch. Shares in the

finance group plunged 40% yesterday

to a low of $2.80 before recovering

slightly to $3.10 at the close.

It's the company's biggest-ever

loss and it follows concerns Allco could struggle to refinance more

than $1 billion of loans that expire this year.

That all we've got for finance

today. Some car-sale figures out later today. Nervous day nonetheless for

Nervous day nonetheless for investors. It will be. Thanks,

James. Weather detail the day ahead:

That's it for

That's it for Ten's Early News. I'm

Kathryn Robinson. Bye for now. And

I'm James Boyce. Some highlights

that will certainly please Kath -

of a Bon Jovi concert in Sydney

last night. Have a great day.

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