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Ten Early News -

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(generated from captions) This program is captioned live.

Hello. Welcome to Ten News. Today's

top stories hundreds of Aussies

turn out in Paris to cheer on Cadel

Evans as he once again finishes

second best in the Tour de France.

Qantas to begin safety checks on

all its Boeing 747s following the mid-air explosion and emergency

landing in the Philippines.

Sydney blanketed in white. A cold

snap brings torrent ral rain and hail across the northern suburbs. hail across the northern suburbs. hail across the northern subur

In sport, NRL chief executive David

Gallop pleas with rugby authorities

about the trade to Sonny Bill

Williams trade to France.

And in finance, the local market is

expected to open higher today after

the largest one day fall in six

the country now: months. Checking the weather around

It's been revealed US authorities

warned its airlines to check

onboard oxygen cylinders just

months before Friday's mid-air

explosion on a Qantas jet. A mass

inspection will begin today on the

carrier fleet of 747s after

fragments of an oxygen bottle were

found throughout the baggage

compartment. There is one cylinder

which is not present, it st not

accounted for in that area

associated with the damage. It associated with the damage. It is

hoped a report into the cause will

be released within a month.

Sydney has been hit by a freak Sydney has been hit by a freak

storm. The cold snap brought

torrential rain, hail and even what appeared

appeared to be snow. The northern

suburbs were blanketed in white as

the mercury fell below 10 degrees.

Children made the most of it with

backyard fun and games but, despite

hopes the city had experienced its

first snow fall since 1836, the

bureau says it was just soft hail

and there's more on the way today.

the Thousands of truck drivers across

the country are on strike

protesting against soaring fuel

prices and working conditions. The

industrial action began at midlight

and could last up to two weeks.

It's expected to hit supermarkets

the hardest with fears food

shorpltages will emerge this week. The Transport Workers Union says

the strike is being organised by

road groups who are threatening road groups who are threatening

violence against drivers who do

not participate.

Senior liberals deny their split on the Opposition's response to

global warming. The Coalition is

expected to finalise its emissions

trading policy and leader Brendan

Nelson says it will wrong foot the

Since Prime Minister.

Since the Government released its

discussion paper on a carbon

reduction pollution scheme, it's

hit hard in the Liberal's response.

They're looking for any excuse to

avoid taking the tough decisions

when it comes to climate change.

We're only the Opposition, and it's

quite wrong to expect the

Opposition to have a clearer policy

than the Government in advance of

the Government. Coalition MP also

make a brief return to Canberra

this week and senior Liberals

promise the joint party room will

resolve problems if major

pollutors don't commit to action. I

guarantee there will be 100%

support going forward. But Malcolm

Turnbull is already forecast ago Turnbull is already forecast ago

shift following the US presidential

election and the UN-Copenhagen conference. Inevitably our policy

will change. We can't have a policy

at the next election which doesn't

take into account all of the

developments of next year.

Returning to the top story now and

hundreds of Australians have packed

on to the Champs Elysees in Paris

to cheer on Cadel Evans in the

final leg of the Tour de France. He

finished runner-up for the second

year running but says he has another

three Tours at least left in him. Our correspondent met the Aussie

champ at the finish line.

Well, what was after by all

accounts an amazing display of

athleticism from Cadel Evans in the

past three weeks, he's had a

disapointing end to the Tour de

France whafplt could have been and

by all destrictions should have

been an historic day for Australian

cycling, a day when an Australian cycling, a day when an Australian

cyclist is favoured to take the

yellow jersey for the first time,

it wasn't to be. For the second

year running, Cadel Evans has come

second to a Spanish rider. This

year, Carlos Sastre has taken the

jersey. You must be feeling good at

the end of the day? Relieved think

is the description. It's an

unbelievable amount of stress that

you physically and mentally that

you go through to get to the end

here and then you finish on the

little circuit here and that's not

safe either at any moment, you know,

anything can happen. It's a little

bit more dangerous than it looks on

TV I would say. The writing was on TV I would say. The writing was on

the wall yesterday in the

penultimate stage when Cadel Evans

failed top gain enough time on the

hundreds leader during the time trial. The

hundreds of Australian fans who

have been following this stage by

stage knew that and still they've stage knew that and still they've

turned out today in Paris for the

final stage, the celebratory

parade up the Kamps. Yellow jersey

or not, in -- up the Champs Elysees.

Yellow jersey or not, they're still

cheering him on. We were sad

yesterday but we'll support him

through to the end. After all this,

Cadel it will be back on the bike for

Cadel Evans. He'll soon start

training for the Beijing Olympics, training for the Beijing Olympics,

and then next year, he's committed

to taking on the Tour again. He

says there's three or four more

Tours left him him and he hopes Tours left him him and he hopes

that one will be a first.

Queensland's newly formed

Liberal-National Party has been

welcomed at a Federal level T will

start its first working day today.

Senior Liberals joined their State

counterparts in supporting the

party. I think now everyone should

get behind the new party. The LNP

will focus on four key areas in the

lead-up to the election, promising

to fix education, water, roads and hospitals.

30 people have been arrested over a

string of deadly bomb blasts in

India. At least 45 people were

killed and 161 wounded when at

least 16 bombs went off in crowded

neighbourhoods. The side of a bus

was blown off and its windows

shattered, while another vehicle

was ungulfed in flames. A little

known group calling it skef Indian

Mugello is claim India Mughadeen is claiming the attacks.

Sonny Bill Williams disappearing to France leaving his team-mates

baffled and his club promising

legal action. marquee players, Still no word from one of the NRL's Still back home but there's plenty beingsaid sudden departure to France about Sonny Bill Williams's to explore a future in rugby union. To walk out on us when we're trying to prepare for a game

is quite difficult to take. Personally dissapointing,

yeah. and a bit of a let down for me, The fans are hurting too. Biggest dog act ever. Biggest hypocrite ever. He had the nerve to bag out Willie Mason when he left and turned around and did the same thing. I just want to steer clear of it. I know what youse are trying to do, but I'm too smart. (LAUGHS) Too savvy! Williams's decision to head overseas without so much as a goodbye just 16 months into a 5-year contract has left his club in shock, angry and pursuing legal advice. There's no get-out clauses in his contract. It isn't an opportunity to get out. It's a 5-year deal and the expectation is he'd honour it.

If he's not playing football with the Bulldogs, he won't be playing football full stop. We'll also be calling on the International Rugby Board to step in and get involved. Contractual certainty is important for both codes. And Todd Carney will meet with Canberra officials today in response to an ultimatium to stay at the club following his latest indiscretion. To keep his contract he'll have to agree to sit out the rest of the season, go back to counselling, and undertake community service. Victoria Murphy, Ten News.

Still on league and south Sydney's

slim finals hopes have been dashed

by the Knights after a 39-12 defeat

in Newcastle. But it was a different story for the Roostersment they've entrefrpbled

themselves in the NRL top four with

a 34-12 win over Manly.

No where near as many points across

the Tasman but the Warriors are

keeping their eye on finals football. They downed Melbourne in

Mt Smart Stadium. The home side

winning 8-6.

Well, Carlton has boosted its top

eight chances with a stunning upset win over the Western Bulldogs. The

Blues kicked 5-0 in the final term

to the highly fancied Dogs. Chris Judd

Judd was dominant while Brendan

Fevola finished with six goals.

From 37 points down to keep their

season alive. Carlton is now just

one win from sixth position on the ladder. Bulldogs

Dylan Addison there.

The A nsm Z bank is expected to

reveal today further writedowned

linked to the exposure to

corporate bonds. The bank is

believed to be considering at

least $200 million in writedowns.

It could send another shock wave

through the banking sector after

Friday's meltdown. The market

suffered its largest one day fall suffered its largest one day fall

in six months after NAB announced

an $830 million writedown on risky

US mortgages which it is feared

Koh-i-noor have $4.5 billion of securities.

Nrm investors are finalising a

deal to buy the Centro Properties.

LaSalle is thought to have bought

it for $714 million and is now the

frontrunner to snap up the

company's Australian assets. Centro company's Australian assets. C

company's Australian assets. Centro

is selling four Australian shopping

centres including Bankstown in

western Sydney and Galleria in Perth.

Australia's biggest mining

companies are pushing for an

expansion of Newcastle Port. A

group of 14 miners including

biment built and Rio Tinto have

proposed a $2.5 billion expansion

of the port to cope with a surge in

demand for oil and ease bottle next.

The plan would double the capacity

at Newcastle to more than 210

million tonnes a year by 2013. It's

being considered by the NSW Government.

Briefly, two more US mortgage

companies have been shut down as a

result of soaring loan defaults.

That takes the total to seven.

The US Government has signed off on

a housing rescue package to try to

ease the home loan crisis.

Qantas is expected to respond to Qantas is expected to respond to

union calls for a 5% pay rise. And Mirvac Group chief executive will

will step down after a series of

profit downgrades.

American stock investors will sift

through count less economic results this this week.

Coming up, we'll have a chat with Coming up, we'll have a chat with Commsec.

To the weather details now:

now let's take a look at this

morning's newspaper's front pages.

The 'Herald Sun' says Australian

athletes are angry to know that

they'll be competing against

rivals on steroids.

The 'Financial Review' says miners are

are annoyed with the NSW Government

to allow them to fund an expansion to allow them to fund an expansion

of the Newcastle Port. And the 'Sydney Morning Herald'

says sky rocketing fuel toll and

parking charges won't stop the rate

of car use in the city increasing.

One of Australia's richest man

becomes a dad. We'll tell you who becomes a dad. We'll tell you who

when the Early News returns. This program is captioned live. You're watching Ten News.

Making headlines today -

revelations US authorities had

raised concerns about oxygen tanks

months before the Qantas mid-air explosion. explosion.

Queensland's newly formed Liberal-National Party begins its

first working day following its

launch in Brisbane. Cyclist Cyclist Cadel Evans vows to return

for next year's Tour de France

after again finishing second in the

gruelling road race.

And the local market expected to

open higher today after its largest

largest one day fall in six months.

It's been revealed American

authorities warned US airlines to

check onboard oxygen cylinders just

months before Friday's mid-air

explosion on a Qantas jet T comes

as a mass inspection begins on the

carrier's fleet of 747s.

The explosion ripped a giant hole in

the fuselage of the 17-year-old jet.

A defective oxygen tank is the early target after investigators

found fragments of an oxygen bottle

throughout the baggage compartment.

There is one cylinder which is not

present. It is not accounted for in

that area, in the area associated

with the damage. Air safety

authorities have ordered Qantas to

check all oxygen tanks on the 30

jets which could take several days,

but it's not the first time the but it's not the first time the

safety of the tanks have been

questioned. It's been revealed US

authorities ordered its airlines to

conduct a review following a report

that found many cylinders needed

replacing. Meanwhile,

investigators will also look into

reports that oxygen reports onboard

the QF30 flight failed. We couldn't

get any oxygen. It's opened an

initial report will be released

within 30 days.

Sydney has been hit by a freak

storm. The cold snap brought

tollent ral rain, hail and even

what appeared to be snow. The the

northern suburbs were blanketed in

white. Children made the most of it

with backyard fun and games, but despite hopes the city had

experienced its first snou snow

fall since 1836, the Bureau said it

was just soft hail and there's more

on the way today.

Actor Paul Hogan says he'll do

whatever it takes to clear his name

after being accused of tax fraud.

He's revealled he's already spent

close to $1 million on lawyers

during his current fight with the

ATO. He's accused of failing to

pay tens of millions of dollars,

funnelling money through offshore

tax havens. The 'Crocodile Dundee'

star says the tax office isn't get ago cent.

And the tax office operation has And the tax office operation has

already seen Glen Wheatley jailed.

The merger of the Queensland

Liberal and National Partys has

been welcomed. The new

Conservative force will begin its

first working day today following

its launch in Brisbane yesterday After months of political

infighting and bitter divisions, it

was a very different picture at the

National Liberal Party launch. More

than hundred and hundred people than hundred and hundred people

waved cards in a show of unity.

And their leader wants to see the

new conservative force across

Australia. There is a strong move

across our Federal members to move

down. An idea that's welcomed at a

Federal level. I think now everyone

should get behind the new party.

The LNP will launch a new

advertising campaign promising a

new Queensland. It will focus on

four key areas in the lead-up to

the election, vowing to fix education, water, roads and

hospitals. We will fix the

hospitals. The ALP says it doubts

the Liberal Nationals will be able

to stop the infighting and work

together. I don't know how they're together. I don't know how they're

going to resolve the difference going to resolve the difference

that is they've shown over and over

again. Hundreds of Australians have

crowded the streets of Paris as

cyclist Cadel Evans finished an

agonising second in the Tour de

France. For the second year in a

row, he pedalled into Paris in

second place and that's where he

finished behind Spaniard Carlos

Sastre. Relieved I think is the

description. It's an unbelievable

amount of stress that you physically and mentally go through.

Evans will now head to Beijing

where hopefully an Olympic gold

will help him forget about the yellowy.

Coalition MPs will attempt to end a

series of splits with their climate

change policy when they meet in

Canberra. But Malcolm Turnbull say

it is will all change regardless of

the meeting's eventual outcome. Our

policy will change, I mean, we

can't have a policy at the next election

election that doesn't take into

account all of the developments of

next year. The Shadow Treasurier

says that it will be shaped by the

US presidential election and the

UN-Copenhagen conference.

James Packer and wife Erica have

welcomed a new addition to the

family. Erica has given birth to a

baby daughter named Indigo. The

baby was born at the Mater Hospital

without complications. The baby is

the first for the couple whoed we last

last year in a lavish certificate

knowny on the frefrpbl Riveria.

Three people are dead after a storm

in New Zealand's north Island. A

canoeist is confirmed drowned and

two people were wimped to safety

here. Heavy rain flooded low lying

fields were homes from destroyed.

The clean-up has begun but power is

still out to thousands of homes.

Central Europe is also at the mercy

of wild weather. Five days of heavy of wild weather. Five days of heavy

rain and flooding has killed 18 rain and flooding has killed 18

people in the uep crane and Romania. people in the uep crane and Ro

people in the uep crane and Romania. Government officials believe that

21,000 homes have been damaged and

more than 300,000 towns and

villages left without power. The

damages bill is already $300 damages bill is already $300

million, but heavy rains are

expected in the next 24 hours, and

flood waters are still on the rise.

The Bulldogs are promising legal

action against Sonny Bill Williams

after he walked out on the club

without so much as a goodbye. Bound

for France to pursue a career in

rugby union. Williams was just 16

months into a 5-year contract and

the Dogs won't be letting him out of

his commitments. There's no get-out

claws in his contract. It isn't an

opportunity to get out T is a opportunity to get out T is a

57-year deal and the expectation

was to honour it. The NRL has

threatened a life ban and called on the

the international rugby board to the international rugby board to

step in and stop the Williams deal

going ahead.

North Melbourne has leapt to fifth

on the ladder after fighting past

Melbourne at the MCG. The Kangaroos

are now just four points outside

the top four with five games left

in the AFL home and away season.

On a cold day, the Roos were hot

from the outset, booting seven

goals to one. Corey Jones running riot.

COMMENTATOR: What's he done? He's

got it. He kicked three in the

opening turn. Corey Jones on fire.

The Demons greatest enemy was

themselves. But some Michael Newton

magic lifted the gloom. This will

bend right to left. He's kicked a

goal. In the end, Lindsay Thomas

proved the Roos hero with five

goals as they won by 28 points. I

thought the first quarter was

pretty good, but you know, they

wanted to throw a heap of numbers

behind the footy and we were

holding our line and they were

holding their line and that's when

you get ugly footy. It was a poor

start. But they were pretty good

and moved the ball really well.

Again, it was some of the poor

decision making. And 28 points was

also the margin in Adelaide where

Fremantle upset the Power.

The local share market is expected

to open in the black today after

modest gains on Wall Street, and as

investors Mick up stops that were

oversold on Friday, more than $38 billion

billion was wiped from stocks on

Friday after a massive writedown

from NAB. And with more, Juliette

Saly joins us live. Can we expect

further shocks from the banking

sector this week? We expect that

investors will be bracing for more

bad news. There is speculation that

the ANZ could follow the NAB's lead.

And the other banks are also going to

to have to clarify their positions

to avoid more panic selling, but it

is looking like a good day on the

share market with a share of 0.5%

expected. And the reporting season

is warming up. Who is up this week?

It is a sluggish start to the

reporting season but we have a

couple of companies to look out for

including pay TV subscriber

Austar and Lihore Gold and Alumina.

They might cite Labor and material

costs for the downfalls but there costs for the downfalls but there

has been a jump in the commodity prices which should help them out.

The American home loans crisis has

claimed another two scalps. First

National Bank of Nevada and the

Californian First Heritage bank

have been shut down by regulators

who claim that they don't have sufficient

sufficient capital. It comes just a fortnight after the collapse of

Indy Mac Bank. Several American

banks have closed now. But there

is some good news. The US senate

has signed off on a new housing

rescue package which includes tax

breaks for struggle borrowers.

And briefly in bills news today:

To the weather details now:

Wild fires burning out-of-control

in California. That's next. And

returns. more in finance when the early news

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This program is captioned live. This program is capti ned live

Our top stories today - hundreds of

Aussies turn out in Paris to cheer

on Cadel Evans as he once again

France. finished second best in the Tour de

Qantas to begin safety checks on

all its Boeing 747s following the landing mid-air explosion and emergency

landing in the Philippines. In

In sport, an NRL chief executive

David Gallop pleas with rugby authorities

authorities to block Sonny Bill

Williams lucrative trade to union in France.

And in finance, the local market is And in finance, the local market is

expected to rebound today from last

week's record loss.

To the weather briefly now:

Well, hundreds of Australians have

packed on to the Champs Elysees in

Paris to cheer on Cadel Evans in

the final leg of the Tour de France.

He finished runner-up for the second

year running but says he has at

least three more Tours in him.

Well, after what was by all

accounts an amazing display of

athleticism from Cadel Evans in the

past three weeks, he has had a a

disapointing end to the Tour de

France. What could have been and by

all predictions, should have been

an historic day for Australian

cycling, a day when an Australian

cyclist is favour today take the

yellow jersey for the first time,

it wasn't to be. For the second

year running, Cadel Evans has come

year, second to a Spanish rider. This

year, Carlos Sastre has taken the

yellow jersey. You must be feeling

pretty good at the end of the day?

Relieved I think is the Relieved I think is the

description. It's an unbelievable

amount of stress that you

physically and mentally go through

to get to the end here and then up

finish on this little circuit here

and that's not safe either at any

moment. You know, anything can

happen. It's a little bit more

dangerous than it looks on TV I

would say. The writing was on the

wall yesterday in the penultimate

stage when Cadel Evans failed to

get enough time on the leader

during the time trial. The hundreds of

of Australian fans who have been

following this stage by stage knew

that and still they turned out

today in Paris for the final stage up the Champs Elysees. Yellow

jersey or not, in their eye, he's

still a hero. I think we're all

still pretty happy supporting Cadel.

We were sad yesterday but we'll

support him through to the end.

After all of this, it will be back

on the bike for Cadel Evans. He'll

soon start training for the Beijing

Olympics and next year he's commit

today taking on the tourp again.

He says there's three or four more

Tours left in him.

Well, pts been revealed American

authorities has warned all of its

US airlines to check onboard oxygen

cylinders just months bmp Friday's

mid-air explosion on a Qantas jet.

A mass inspection will begin on the

carrier fleet of 747s after

fragments of an oxygen bottle were

found throughout the baggage

compartment. There is one cylinder

which is not present, it is not

ated for in that area. It is hoped

a report will be released in a month.

Sydney has been hit by a freak

storm. The cold snap brought

torrent ral rain, hail and what

appeared to be snow. The northern

suburbs were blanketed in what

appeared to be snow. Children made

the most of it. But despite hopes

the city had experienced its first

snow fall since 1836, the Bureau

said it was just soft hail, but

there's more on the way today.

Thousands of truck drivers across

the country are on strike

protesting against soaring fuel

prices and working conditions. The

industrial action began at midnight

and could last up to two weeks.

the It's expected to hit supermarkets

the hardest with fears there will

be food shortages emerging this week.

Senior Liberals deny their split ont Opposition's response to global

global warming. The Coalition is expected

expected to finalise its

emissionings trading policy this

week and the leader Brendan Nelson

say it is will wrong foot the PM. its discussion paper Since the Government released reduction scheme, on a carbon pollution it's hit the Opposition hard in the Liberals' response. on perceived splits They are looking for any excuse when it comes to climate change. to avoid taking the tough decisions We're only the Opposition, and it's quite wrong to expect the Opposition to have a clearer policy than the Government's, in advance of the Government. Coalition MPs will make a brief return to Canberra this week, and senior Liberals promise the joint partyroom will resolve differences over whether Australia should implement an emissions trading regime if major polluters don't commit to action. I can guarantee that there will be 100% support going forward. But Malcolm Turnbull is already forecasting a shift following the US presidential election and the UN Copenhagen conference. Inevitably, our policy will change. We can't have a policy at the next election which doesn't take into account all the developments of next year.

Brad Hodson, Ten News.

The Rudd Government's

controversial tax hike on alcopops

has hit another hurdle. Figures

released today show the sales of

spirits have increased as a result

of the tax hike. Although sales of

alcopops have decreased, sales of

stronger spirits have risen by 10%

a month or 21 million standard a month or 21 million standard drinks.

A wild fire is burning out-of-control in California. The

fire is burning through the

Yosemite Valley. Sp0 homes have

been evacuated but 2,000 homes are

under threat. There hasn't been a

fire there for 20 years and there's

plenty of fuel on the ground. It is

dry shrubs and dry grass and the

timber this year is very receptive

to burning. Firefighters can't

water bomb due to the amount of water bomb due to the amount of thick smoke.

Sonny Bill Williams has been seen

as Singapore's Changi airport en

route to linking up with the French

rugby union club. But the Bulldogs

are promising legal action to prep

vent the deal from going ahead. Still no word from one of the NRL's marquee players, but there's plenty beingsaid back home about Sonny Bill Williams's sudden departure to France to explore a future in rugby union. To walk out on us when we're trying to prepare for a game is quite difficult to take. Personally dissapointing, and a bit of a let down for me, yeah. The fans are hurting too. Biggest dog act ever. Biggest hypocrite ever. He had the nerve to bag out Willie Mason when he left and turned around and did the same thing. I just want to steer clear of it. I know what youse are trying to do, but I'm too smart. (LAUGHS) Too savvy! Williams's decision to head overseas without so much as a goodbye

just 16 months into a 5-year contract has left his club in shock, angry and pursuing legal advice. There's no get-out clauses in his contract. It isn't an opportunity to get out. It's a 5-year deal and the expectation is he'd honour it. If he's not playing football with the Bulldogs, he won't be playing football full stop. We'll also be calling on the International Rugby Board to step in and get involved. Contractual certainty is important for both codes. And Todd Carney will meet with Canberra officials today in response to an ultimatium to stay at the club

following his latest indiscretion. To keep his contract he'll have to agree to sit out the rest of the season, go back to counselling, and undertake community service. Victoria Murphy, Ten News.

Still on league, and south South Sydney's slim finals hopes have

been dashed by the Knights after a

39-12 defeat in Newcastle. It was a

different story though for the

roost roost. They've entrenched

themselves in the NRL top four with themselves in the NRL top four with

a 34-12 win over competition leaders Manly. COMMENTATOR:

Three tries for the Roosters. No

where near as many points across

the Tasman, but the Warriors are keeping their eye on finals

football. They downed Melbourne in

a low-scoring affair at Mt Smart a low-scoring affair at Mt Smart

Stadium. The home side winning 8-6.

Carlton has boosted its top eight Carlton has boosted its top eight

chances with a stunning upset win

over the Western Bulldogs. The

Blues kicked 5-0 in the final term

to rundown the highly fancied dogs.

Chris Judd was dominant and Brendan

Fevola finished with six goals.

Carlton is now just one win from

sixth position on the ladder. Ald

Adcock left the field with a knee injury.

And we could see another big

writedown from one of the big

banks? Yes, ANZ is expected to

reveal perhaps as early as today, further

further large writedowns linked to

the exposure to corporate

writedowns. The bank is said to be

considering $200 million in

writedowns T could send another

shock wave through the banking

sector. The market suffered its

largest one day fall in six months

after NAB anounsed an $830 million

writedown on risky US mortgages.

Finally some good news for Centro shareholders. International

investors are finalising a deal to investors are finalising a deal to

buy the $1.16 Australian portfolio

of Centro Properties. LaSalle

Investment Management which is

believed to have bought the US

properties for $714 and is now the

frontrunner to snatch up the frontrunner to snatch up the

company's Australian assets. Centro

is selling four Australian shopping centres. Australia's biggest mining

companies are pushing for a major

expansion of Newcastle Port. A

group of 14 miners including BHP

Billiton and Rio Tinto have

proposed a $2.5 billion expansion

of the port to cope with a surge in

demand for oil and to ease

boltnecks. A plan is being

considered by the NSW Government.

Let's check how the marketed

closed tep end of the week then.

In a moment, we'll cross back to

the Commsec analyst to look back at

the day ahead.

To the weather details now: is

Now, let's have another look at

this morning's newspaper headlines.

The 'Daily Telegraph' has more on

Sonny Bill Williams turning his

back on rugby league.

The 'Herald 's business day says US

authorities are not happy with the

level of co-operation they're

getting from the Lowy family.

'Australian' says that the news

coulding bad for some of Australia's

Australia's biggest charity donations. Details

Details of a bomb blast in India when the

This program is captioned live.

Making headlines today - Making headlines today -

revelations US authorities raised

concerns about oxygen tanks months

before the Qantas mid-air explosion.

The newly formed Liberal National Party begins its first working day

following the launch in Brisbane.

Cyclist Cadel Evans vows to return

for next year's Tour de France

after again finishing second in the gruelling

gruelling road race.

And the local market expected to

open higher today after its

largest one day fall in six months.

First this morning, it's been

revealed that US authorities warned

its airlines to check onboard

oxygen cylinders just months before

Friday's mid-air explosion on a Friday's mid-air explosion on a

Qantas jet. It comes as a mass

inspection begins on the carrier's

fleet of 747s.

The explosion ripped a giant hole in

the fuselage of the 17-year-old

jumbo jet. A defective oxygen tank

is the early target after

investigators found fragmented of

a an oxygen bottle blasted

throughout the compartment. There

is one cylinder which is not

present, it is not accounted for in

that area in the area associated

with the damage. Air safety authorities

authorities have ordered Qantas to

check all oxygen tanks on the 30

jets which could take several days.

But it's not the first time the

safety of the tanks have been

questioned. It's been revealed US

authorities order its airlines to

conduct a review following a report

that found many cylinders needed

replacing. Meanwhile,

investigators will look into

reports that oxygen reports onboard reports that oxygen reports onboard

the QF30 flight failed. There was

nothing coming through it. It is

hoped an initial report will be

released within days.

Actor Paul Hogan says he'll do

whatever it takes to clear his name

after being accused of tax fraud.

Hogan has revealed that he's

already spent close to $1 million

on lawyers during his current fight

with the ATO. He's accused of

failing to pay tens of millions of

dollars, funnelling money through

offshore tax havens. The 'Crocodile

Dundee' star says the tax office

isn't getting a cent. No, bugger off

You've had your share. The tax

office's operation has already seen

music promoter Glen Wheatley jailed. jailed.

Coalition MPs will attempt to end a

series of splits over the climate

change policy when they meet in

Canberra next week. But Malcolm

Turnbull says it will all change

regardless of the meeting's even

ventual outcome. Inevitably, our

pollly will change. We can't have a

policy at the next election which

doesn't cake into account all of

the developments of next year. The

Shade Trelsurer says Australia's

policy will be shaped by the US

presidential election and the UN

Copenhagen conference. The

The merger of the Liberal and

National Party has been welcomed National Party has been welcomed

at a Federal level. It will start

its first working day today

following its launch in Brisbane yesterday.

After months of political

in-fighting and bitter divisions, it

was a very picture at the Liberal National Party launch. Members

waved placards in a show of unity.

And their leader Lawrence

Springborg wants to see the new

Conservative force across Australia.

Thrfrpblgts is a strong move to

move down the track. An idea that's

welcomed at a Federal level. I

think that now everyone should get

behind the new party. The LNP will

today launch a new advertising today launch a new advertising

campaign promising a new

Queensland. It will focus on four

key areas in the lead-up to the

election vowing to fix education,

water, roads and hospitals. We will fix the hospitals.

CHEERING. The ALP says it doubts

the Liberal Nationals will be able

to stop the infighting and work

together. I don't know how they're

going to resolve the difpbss that

they've shown over and over again.

James Packer and wife Erica have

welcomed a new addition to the welcomed a new addition to the

family. Erica has given birth to a

baby daughter named Indigo late

yesterday. The baby was born at yesterday. The baby was born a

Sydney's Mater Hospital without complications

complications and father James is

said to be over the moon. The baby

is the first for the couple whoed

we last year in a lavish ceremony

on the French Riveria.

30 people have been arrested over a

string of deadly bomb blasts in

India. At least 45 people were

killed and 161 wounded when at

least 16 bombs went off in crowded neighbourhoods. A little known

group calling itself Indian Mujhadeen has claimed Mujhadeen has claimed

responsibility for the attacks.

Hundreds of Australians have Hundreds of Australians have

crowded the streets of Paris as

cyclist Cadel Evans finished an

agonising second in the Tour de agonising second in the Tour de

France. For the second year in a

row, he pedalled into Paris in

second place and that's where he

finished - behind Spaniard Carlos

Sastre. Relieved I think is the

description. It's an unbelievable

amount of stress that you

physically and mentally go through.

Evans will now head to Beijing

where hopefully an Olympic gold

will help him forget about the

yellow jersey.

Sonny Bill Williams has been

spotted at Singapore airport en

route to France, but the Bulldogs route to France, but the Bulldogs

are promising legal action to prevent the international back

rower linking up with a French

rugby union club. Williams was just

16 months into a 5-year contract

and the Dogs won't be letting him

out of his commitments. There's no get-out clauses in this contract. get-out clauses in this contract.

It isn't an opportunity to get out

T is a 5-year deal and the

expectation was that he would

honour it. The NRL has threatened a

life ban and called on the

international rugby board to step

in and stop the Williams deal going forward.

North Melbourne has leapt to fifth

on the ladder after fighting past

Melbourne at the MCG. The Kangaroos

are now just four points outside

the top four with five games left

in the AFL home and away season.

On a cold day, the Roos were hot

from the outset booting seven goals

to one in the first quarter. Corey

Jones running riot. What's he done?

He's got it. He's kicked some in

the opening term. The Demons

greatest enemy was themselves, but

some Michael Newton magic lifted

the gloom. COMMENTATOR: This will bend right

to left. He's kicked a goal. In the

end, Lindsay Thomas proved the Roos

Roos hero with five goals as they

won by 28 points. I thought the

first quarter was good, but then

they wanted to throw a heap of numbers

numbers behind the feety and we

were holding our line and they were

holding their line. Yeah, it was a

one really poor start. Seven goals to

one was ordinary at the start. But

they moved the ball really well

and again, it was some of the poor and again, it was some of the poor

decisions making. And 28 points

was also the margin in Adelaide

where Fremantle upset the Power.

The local share market is expected

to open in the black today after

modest gains on Wall Streetment and

as investors pick up stocks that

were oversold on Friday. With more, Commsec's Juliette Saly joins us

live. Can we expect further shocks

from the banking sector this week?

Speculation that the ANZ is going

to follow the NAB's lead by

announcing millions of dollars in

writedowns is probably likely to

unsettle investors. The other banks will

will also have to clarify their

positions to avoid panic selling

like we saw on Friday, but as you

mentioned, it should be a good day

locally. The reporting season is

warming up. Who is up? We have a

number of diversified financial number of diversified financial

company it's. We also have pay company it's. We also have pay TV

provider Austar and some of the

mining companies this week. But

things really start to heat up over

the next fortnight with companies

like BHP Billiton and some of the

big banks reporting in mid-August.

Thank you for the update.

US home loans crisis has claimed

another two scalps. 1st National

Bank of Nevada and the First

Heritage Bank have been shut down

by regulator whos claim that they

don't have sufficient capital. It comes

comes just after the collapse of

Indy Mac Bank. Several American

banks have closed now. But there

is good news, the US senate has

signed off on a housing rescue

package which includes tax breaks

for struggling borrowers.

Let's check the weather details now:

Recapping today's top stories now -

Qantas to begin safety checks on

all its Boeing 747s following

mid-air explosion and emergency

landing in the Philippines.

Hundreds of Aussies turn out in

Paris to cheer on Cadel Evans as ep

once again finishes second in the Tour de France. Well, Tour de France.

Well, that's it for Ten News. Have

a good day. We'll see you again tomorrow.

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