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Ten Early News -

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(generated from captions) This program is captioned live.

Hello. Welcome to Ten News.

Our top stories today - Australia

eyes gold in the sailing and

triathlon but the end of the day

for the men's rowing and the beach

volleyballers bow out.

Tearful scenes in Sydney as

climbers reunite with family after

being trapped in a bizarre in New Zealand.

Emergency crews scour the wreckage

of two planes after a deadly mid-air collision in central England. And

And in finance, an investor exodus

sparks fears a new day is dawn ong commodities.

To the weather now:

First this morning, six-time First this morning, six-time

Olympian and Australian flag bearer

James Tomkins has had a

disappointing end to his wonderful

city by the bay campaign. The men's

eight finished last in the final,

failing to continue Australia's top

form in the rowing. It was a much better day for Australia at the

Water Cube with the girls picking

up gold in the 4X100 relay, but the day

day belonged to American Michael

Phelps. Our Olympics correspondent

Ian Cohen has more.

Michael Phelps fell now plans alone breaking a 36-year-old record held

by fellow American Mark Spitz of

eight gold medals at one meet. I

guess it is a lucky number for me

too. You know, seeing 8, 8, 08 and

the opening ceremony starting at

8:08, you know, I guess it was

maybe meant to be. Australia also

came home under the world reco came home under the world record

time, but the inspired swim just

couldn't catch the Americans. Nice

but no cigar. So close. Closer but no cigar. So close. Closer

than we ever thought. Second

fastest time in history. We

couldn't believe it. You did us all

proud. He sure gave it a show. Our

Australian girls mashed their own

record in the 4x100, but for our

swim team captain, the fairytale

was not to be completed. A

marvellous career, he's now

collected two golds and a silver in

the 1500. I can't wait to have a

drink and relax and he was so happy

and gave his best shot and that's

all you can do. And congratulations

to 16-year-old Kate Campbell who

won bronze in the 50m freestyle.

Today is the women's triathlon and Today is the women's triathlon and the cycling.

Our beach volleyballers are also

out of the games. We'll have that

result and the medal tally later in

in sport.

To other news now and rescue crews

have found the body of a climber

buried by an avalanche in the Snowy

Mountains. The 24-year-old was

hiking another Charlotte's Pass

when overhanging ice gave way. Just

when overhanging ice gave way. Just

hours earlier, two other men were

killed in separate skiing incidents.

A 59-year-old Sydney man tkhied in

Blue Cow and a 49-year-old died in Perisher.

Meantime, six Australian rescued

from a blizzard on New Zealand's

highest peak have returned home.

They've been reunited with family

and friends after spending two days

huddled in a snow cave. Just

relieved to get back safe and

sound after the ordeal. The climber

escaped with only minor injuries.

Big business warns the cost of Big business warns the cost of implementing new energy targets

will bloon to more than $60 billion.

targets They've called on COAG to dump the

targets claiming that the scheme is

ill-advised and risky. The

Government wants 20% of energy to

come from sources like solar and

thermal by 2020.

It's hoped thousands of sees onal workers

workers from the Pacific Islands

will help solve Australia's farm

labour crisis. Up to 2,500 people

will be granted visas to pick fruit

and vegetables, but the opposition

has accused the Government of

rushing the scheme to solve the

skill's shortage. has left our farming industry Australia's economic boom the fruits of its own labour, unable to enjoy

to pick them. because growers can't find anyone They're sick of seeing rotting on the vine their fresh produce that they can't get workers. for the simple reason will open our shores Now a pilot program from the Pacific Islands. to 2,500 workers over three years They'll be offered 7-month visas to work in horticulture. and only allowed What about the bad elements in some of the region? around some of the big cities How do they make sure as part of the scheme? that they don't end up here Employers must prove to hire at home first they've attempted and pay award wages, and half of return airfares. plus meet the costs of pastoral care local workers must be protected. Unions warn where there are Australian wor If there is a case in the agricultural sector unable to gain employment should be scrapped. then that program because of this program,

only accept workers The scheme will initially and Papua New Guinea. from Kiribati, Tonga, Vanuatu from excluded nations The Opposition warns of a backlash the Pacific Islands Forum when Kevin Rudd attends

in Niue this week. Brad Hodson, Ten News.

Virgin Blue customer also be slugged

an extra $8 from today for checked

luggage for each one way flight,

and that rises to $20 if they don't

pay the new baggage fees before the

airport. Virgin Blue says that the

fee offsets rising fuel prices.

Russia has vowed to start pulling

its forces out of Georgia later today. The President Dmitry

Medvedev made the pledge in a phone

call to French President Nicolas

Sarkozy after signing a cease-fire

deal on the weekend. But there are deal on the weekend. But there are

fears that a plan to keep Russian

peacekeepers in Georgia could turn

into an open-ended occupation.

Russian troops went in after

fighting erupted over South Ossetia.

Five people have been killed in a

mid-air collision between two small

planes in central England. The

crash involved a Cessna carrying

four people and a light aircraft.

It's believed both aircraft were

returning to Coventry Airport. The

crash scattered debris for

kilometres but no-one on the ground was injured.

It's game over for Australia's It's game over for Australia's

beach volleyballers, Natalie Cook and Tamsin Barnett in wonderful

city by the bay. They've bowed out

in the quarter -- in Beijing. After

nie nine, this is what the medal

tally looks like.

the Emma Snowhill is a good chance in

the women's triathlon.

St Kilda has made its way back in

the top eight with an impressive

had 43-point win at Subiaco

trailing by as many as 16 points

during the second term, a 7-goal

third quarter set up the win. St Kilda skipper Nick Riewoldt Down and seemingly out at half-time, produced a stellar third term, inspiring his team to its most important win of the year. COMMENTATOR: Gee, that's a good kick. It's through! He kicks the impossible. To come over here, and our interstate record has been poor, we were keen to address that so it was a terrific win by the boys today.

Riewoldt set the tone, his team-mates followed. COMMENTATOR: Milne! Off the deck! A miracle goal! The bruising win keeps the Saints' finals hopes well and truly alive, but Carlton's are anything but. The Blues comprehensively beaten by North Melbourne at Telstra Dome. Now, can a young man finish here? You bet he can! The Roos move to fourth on the ladder, but Brownlow medal favourite Brent Harvey faces a nervous wait after making high contact to Blue Dennis Armfield.

Hawk Luke Hodge is also in hot water, this stray elbow sure to come under scrutiny from the match review panel.

It was a horror afternoon for Hawthorn, upset losers to Richmond at the MCG. And goes for home and kicks the goal. Luke Schneider, Ten News.

Manly's chances of a minor Premiership took a beating

yesterday after a shock loss to

south Sydney. And in yesterday's

over game, Canberra was much too

good for Newcastle, scoring 7-3

tries. It was marred by a fan who

threw this bolt at Manly centre

Steve Matai. The club has vowed to

track down the offender. Whoever

did it or whatever reason they had

for doing it, it is just

unacceptable. Nathan Merritt was

the Bunnies best finishing

finishing with a hat-trick. To

finance now and the commodities

boom could be over.

That's the fear. First it was oil That's the fear. First it was

and now the investor exodus has

spread to base metals. Crude dropped

23% and that's matched by similar

falls in gold and copper and lead

fell by 15% in one week. The

preefblly strong dollar has taken

a hit, falling 10% against the

green back and other currencies,

but higher locked in prices for

iron ore and coal are expected to

kurbs our economy.

BHP Billiton is set to smash the Australian corporate profit record

Australian corporate profit record

when it posts earnings results this

afternoon. Analysts are forecasting

a 15% jump to annual profits to

$17.7 billion, driven by higher oil and

and iron ore prices. It's the last

result before the European

Commission hands down its findings

on BHP Billiton's hostile bid for on BHP Billiton's hostile bid for Rio Tinto.

To business in brief now:

US markets closed firmer on Friday

as commodity prices took a tumble. as commodity prices took a tumble.

The Dow Jones added 43 while the NASDAQ fined flat.

Let's check the weather details now:

to this morning's newspaper

headlines now, the 'Age' says a new

poll gives Peter Costello a commanding

commanding lead as the most commanding lead as the most

preferred Liberal leader over

Malcolm Turnbull and Brendan Nelson.

The 'Financial Review' says

questions have been raised about

Qantas's board and the hiring of

Alan Joyce. Schapelle Corby's

sentence cut. We'll have the sentence cut. We'll have the

details when the news returns.

This program is captioned live.

Making headlines today - Australia

on track for gold in the sailing,

but the medal campaign ends for our

men's rowing team, while our beach

volleyballers are also bundled out.

Peter Costello the popular choice

to lead the Liberal Party as

Brendan Nelson slumps again in the polls.

Russia vows to start pulling combat

troops out of Georgia today after

weeks of intense fighting.

To finance, and there's fears that

the commodities boom could be about

to end as the investor exodus

spreads to base metals.

First today, Australia's gold medal

hopes rest in the cycling,

triathlon and sailing. Yesterday,

Australian flag bearer James

Tomkins had a disappointed end to his Olympic rowing campaign with

the men's eight finishing last. A

large crowd gather today cheer him

on at his Melbourne rowing club

on at his Melbourne rowing club

while his parents watched at home.

Not only six Olympics but he's made

the final in six Olympics and won

medals in four of them which is a

fantastic achievement for anybody.

We're very, very proud of him.

Beach volleyballers Natalie Cook

and Tamsin Barnett also bowed out

after a loss against Brazil. Australia continued to shine ont Australia continued to shine o Australia continued to shine ont

final day of competition at the

Water Cube with the women's 4x100m

relay medley team celebrating gold.

Liesel Jones, Libby Trickett and

Greg Shipperd beat the US and China, Greg Shipperd beat the US and China,

but the day belonged to Michael

Phelps who won his eighth gold

medal to become the most successful

Olympian in history. The

23-year-old says it must be a lucky

number. Seeing 8-8-08 and the

opening serp moany starting at 8:08,

I guess it was maybe meant to be. I guess it was maybe meant to be.

But it was an ago owe miezing day

for the team captain -- agonising

day for the team captain Grant

Hackett. He say it is is his last

Olympic race, ruling out London

2012. We'll have more Olympic

results and a preview later in sport.

Rescue crews have found the body of

a 24-year-old climber buried by an

avalanche in the snowy mountains.

Meantime, the Australian

mountaineers have been p rescued from New Zealand.

Happy to be home, the climbers

finally arrive in Sydney after a nightmare hike on New Zealand's

highest peak. I've been hanging out highest peak. I've been hanging out

for my beloved's arms which I've

now reached and for a cup of my

favourite tea and for my own bed.

Just hanging out to see the family

and releefbled to get back safe and

sound. A hug for the youngest

climber, celebrating her birthday

and her safe return. It's a bit

strange for us because we're up on

the mountain and I think it is the

people back down here who went

through more trauma than us. The six

six climbers were trapped for almost six climbers were trapped for almost

two days on Mount Cook. The group

huddled. Some relatives are angry

at Australian authorities for not

providing them with up-to-date

information on the search and

rescue. Do you think it should have

been easier to get information? I

definitely think that DFAT were no

use whatsoever.

Police are still looking to

question a man over an ultralight

plane crash near Queensland. A search involving water police and search involving water police and

the Careflight tracked his foot prints. It's believed he was

heading to a nearby town. Nobody

else had been onboard the plane.

Former treasurer Peter Costello is

the most popular choice to lead the

Liberal Party after according to a

new poll. The survey found that 44%

of people back Mr Costello for the

top job, compared with 17% for

leader Brendan Nelson. Dr Nelson

has also taken a hit in twot-party

preferred stakes, down one point

over the past month. While support

for the PM is unchanged on 65%.

The NSW prison system is set to be

overhauled after the discovery of

major staff salary rorting.

According to News Limited, prison

bosses have been called to an

urgent meeting today after an

overtime and sick leave scam was

uncovered. In one case, a prison

officer was found to be earning

$90,000 a year in overtime payments.

The scam is believed to be costing

taxpayers more than $40 million a year.

Russia has announced it will begin

withdrawing its forces from Georgia.

The Russian President Dmitry

Medvedev made the flodge French

President Nicolas Sarkozy after

signing a cease-fire deal on the weekend.

We're head noog Gori in the heart

of Georgia but under Russian

control. It is a town still

envelopeed in fear. "There's

destruction everywhere" this man

says. The women say it's been a

terrifying ordeal. The first Red

Cross convoy carrying aid has

arrived in Gori, bringing some

relief. For now, Russian fors still

rule supreme, but the Kremlin has

indicated that a troop withdrawal

from Georgia could finally begin on

Monday, but many here remain

sceptical about Moscow's intentions.

After talks with the German

chancellor Merc Merc Merc,

Georgia's President Saqlain sack --

Mikhail Saakashvili. They always

blame the neighbours. After all the

diplomacy and agreements, all eyes

are on the Russian forces to see if

they'll withdraw as promise from Georgia.

Convicted drug smuggler Schapelle Corby

Corby has had three months cut from

her 20-year sentence to mark

Indonesia's Independence Day

celebrations It's the second time

her term has been reduced. It was

released by three months in 2006.

Renae Lawrence also had her

sentence cut by four months as part sentence cut by four months as part

of the celebrations.

Well, the Boomers face another huge

task at the Olympic games today

when they take on unbeaten

Lithuania. The Aussie men are

using the match as a confidence

builder as they prepare for a

quarter final showdown with the

United States dream team. Here's

the current medal tally.

Emma Snowhill goes for her first

ever gold medal in the women's triathlon.

To AFL now and the Match Review

Panel will have its hands full this

morning with a host of big names set

set to come under scrutiny. Brent

Harvey faces a nervous wait after

making high contact with Carlton's

Dennis Armfield. For the same match,

a jumper punch by Brendan Fevola

could end his season. And just

three weeks from the finals,

hawthorn's Luke Hodge looks to be

in trouble yet again.

NRL officials have now reviewing

security footage from South

Sydney's shock win over Manly after

a mystery supporter threw a bolt at

Manly's Steve Matai. Canberra

continued its good form against

Newcastle and the Sea Eagles

chances of a minor Premiership

took a beating by the bunnies.

The incident occurred in the

closing stages of the first half

when Matai was sin binned. The

subject believed to be this bolt subject believed to be this bolt

narrowly missed hitting a Manly

official. It's disgraceful. Whoever

did it or whatever reason they had

for doing it, it's just

unacceptable. It capped off a bad

end to the first half for Manly.

South's fullback Nathan Merritt

crossed for two of his three tries before

before the break. And although

Manly hit back, Souths closed down

the jut accept with three late

tries. I'm proud of the boy and

we're looking forward to the next

game and trying to finish the sees

on a good note. We have to have a

good and hard look at ourselves and

clean our act up quick smart. Terry

Campsie won over Newcastle with the

Raiders the Raiders are daring to

dream top four. That's a

possibility, that's for sure, but

the next two weeks are important.

Next week is important in the

context of where we are. Only

blemish, this dangerous throw. There

are fears our commodity boom could

be over with falls in oil spreading

to gold, copper and other metal

markets. For more, I'm joined live

by Juliette Saly from Commsec. Good

morning, the declines are expected

to drag our market lower today, but

what's the long-term outlook? We

don't think that the commodities

story is over just yet. There are a

raft of commodities which continue

to soar, particularly in the

agriculture sector and the many

reason we're seeing the big falls

is that China, one of the world's biggest

biggest consumers has effectively

shut up shop for the Olympics so we

won't know if the lower prices will

be sustained until the Chinese

economy comes back on line. And

profits out today from one of the

mining giants? BHP Billiton

kicking off one of the biggest

reporting weeks of the reporting

year. BHP Billiton is expected to

report a record profit in excess of

$17 billion, that's a rise of 15%

this week. A loft other household

companies coming out this week so a

very big week on the reporting

calendar including Coca-Cola and

Thank you. James Hardie.

Speculation is mounting the

Commonwealth bank could launch a $6

billion takeover bid for bank west.

CBA dumped plans to buy the local CBA dumped plans to buy the local CBA dumped plans to buy the lo

operations of ABNAmrose. They have

appointed Morgan Stanley to advise

on its options.

To business in brief and other

week are: companies to hand down results this

Let's have a look at the weather

details around the country now:

five dead in a mid-air plane

collision. We'll have those details

when the news returns.

This program is captioned live. Making headlines today, Australia

eyes gold in the saying and

triathlon, but it's the end of the triathlon, but it's the end of the

line for our men's rowing team,

while our beach volleyballers also

bow out of the game..

Two tearful scenes in Sydney as Two tearful scenes in Sydney as

climbers reunite with loved ones

after being trapped on New Zealand's highest peak.

Five people killed as two small

planes collide in mid-air in

central England scattering debris

for kilometres.

To finance and an end to the boom.

An investor exodus sparks fears the

day could be dawning on strong commodities.

The weather details now:

first this morning, six time

Olympian and Australian flag bearer

James Tomkins has had a

disappointening end to his campaign.

The men's eight finished last in

the final, failing to continue the final, failing to continue

their form. It was a much better

day for Australia at the Water Cube

with the girls picking up gold at

the 4x100 medley, but the day

belonged to American Michael Phelps. Our Olympic correspondent Ian Cohen

has more.

Michael Phelps now stands aloan in

the front of swim egg's history

books breaking a 36-year-old --

swimming's history books breaking a

36-year-old record.

I guess it's a lucky number for me

now too. You know, seeing 8-8-o 8

and you know the opening ceremony

starting at 8-08, you know, I guess starting at 8-08, you know, I guess

it was maybe men to be. Australia

also came home under the word

record time, but the inspired swim record time, but the inspired swim

just couldn't catch the Americans.

Close but no cigar. Closer than we

ever thought. Second fastest time ever thought. Second fastest time

in history. We couldn't believe it

mate, you did us all proud. Yeah,

we sure gave it a shot. The

Australian girls smashed their own

world record in the 4x100 medley,

but for the swim team captain, the

fairytale was not to be completed.

A marvellous career. Yeah, yeah,

just can't wait to just relax and

have a drink and he was so happy ae

gave it his best shot and that's

all he with do congratulations to

Kate Campbell who won bronze.

Today's hopes rest with the women's

triathlon and the cycling.

O our beach volleyballers are also

out of the Games. We'll have that

result and the medal tally later

in sport.

Rescue crews have found the body of

a climber buried by an avalanche in

the Snowy Mountains. The

24-year-old NSW man was hiking near Charlotte's Pass yesterday near Charlotte's Pass yesterday

when overhanging ice gave year.

Just hours earlier, two other men

were killed in separate accidents.

A 59-year-old Sydney man died near

Blue Cow and a 48-year-old died at Perisher.

Meantime, six Australian rescued

from a blizzard on Australia's

highest peak have returned home.

The group have been reunited with family and friends after spending

two days huddled in the snow cave

on Mount Cook. Just really on Mount Cook. Just really

relieved to get back safe and sound.

The climbers escaped with only

minor injuries. A

A teenager is in hospital after A teenager is in hospital after

allegedly crashing a stomen car

into six parked vehicles during the

police pursue through Sydney's

Inner West this morning. Officers

will not say if items seized from

the car were stolen. The

injuries. 17-year-old suffered minor

Former Treasurer Peter Costello is

Liberal the most popular choice to lead the

Liberal Party according to a new

poll. The survey found that 44% of

people back Mr Costello for the top people back Mr Costello for the top

job, compared with 17% for leader

Brendan Nelson. Dr Nelson has also

taken a hit in the two party

preferred take, down one point over

the past month, while support for

the PM is unchanged on 65%.

Russia has announced it will begin

withdrawing its forces from Georgia

later today. The Russian President

Dmitry Medvedev made the pledge

after signing a cease-fire deal after signing a cease fire dea after signing a cease-fire deal on weekend.

We're head noog Gori in the heart

of Georgia but under Russian

control. It is a town still

envelopeed by fear. "There's

destruction everywhere", this man

tells me. The women say it's been a terrifying ordeal. terrifying ordeal.

The first Red Cross convoy carrying

aid has arrived in Gori, bringing

some relief. For now, Russian

forces still rule supreme in this

part of the country, but the

Kremlin has indicated that a troop

withdrawal could final lip begin on

Monday, but many here remain

sceptical about Moscow's intentions.

Ar talks with the German chancellor

Merc Merc Merc, Georgia's President

made clear his anger and

frustration over Russia's actions.

Every time big neighbour, big

Russia attack a neighbour, they

always blame the neighbours. After

all the diplomacy and meetings and

agreements, all eyes are now on the

Russian forces to see if they'll

withdraw as promised from Georgia.

Five people have been killed in a mid-air collision between two small

planes in central England. The

crash involved a Cessna 407

carrying four people and a light

aircraft with only a pilot onboard.

It's believed both aircraft were

returning to Coventry airport when

the collision happened. The crash the collision happened. The crash

scattered debris for four kilometres

but no-one on the ground injured. but no-one on the ground injured.

It's game over for Australia's It's game over for Australia's beach volleyballers, Natalie Cook

and Tamsin Barnett in Beijing. They've

They've bowed out in the quarter e

finals to Brazil, denying Cook a

third medal at her fourth Olympics.

Our men and women sailers all but

guaranteed a win today. And Emma guaranteed a win today. And Emma

Snowhill is a good chance in the

women's triathlon.

St Kilda has made its way back into St Kilda has made its way back into

the top eight with an impressive had

had 43-point win over Subiaco. Down and seemingly out at half-time, St Kilda skipper Nick Riewoldt produced a stellar third term, inspiring his team to its most important win of the year. COMMENTATOR: Gee, that's a good kick. It's through! He kicks the impossible. To come over here, and our interstate record has been poor, we were keen to address that so it was a terrific win by the boys today.

Riewoldt set the tone, his team-mates followed. COMMENTATOR: Milne! Off the deck! A miracle goal! The bruising win keeps the Saints' finals hopes well and truly alive, but Carlton's are anything but.

The Blues comprehensively beaten by North Melbourne at Telstra Dome. Now, can a young man finish here? You bet he can! The Roos move to fourth on the ladder, but Brownlow medal favourite Brent Harvey faces a nervous wait after making high contact to Blue Dennis Armfield. Hawk Luke Hodge is also in hot water, this stray elbow sure to come under scrutiny from the match review panel. It was a horror afternoon for Hawthorn, upset losers to Richmond at the MCG. And goes for home and kicks the goal. Luke Schneider, Ten News.

Manly's chances of a minor Manly's chances of a minor Premiership took a beating

yesterday after a shock loss to South Sydney.

The Rabbitohs win was marred by a

fan who threw this bolt at Manly

centre Steve Matai. The club has

vowed to track down the offender.

Whoever did it or whatever reason

they had for doing it, it's just

unaccept yab. Nathan Merritt was

the Bunny's best finishing with a hat-trick.

To finance now and the commodities

boom could be over.

That's the fear. First it was oil

and now the investor exodus has

spread to base metals. Crude dropped

23% in the past month and that's

been matched by similar falls,

while lead fell 15% in one week.

The previously strong dollar has

also taken a hit, falling 10%

against the green back and other

currencies, but higher locked in

prices for iron ore and coal are

expect today cushion the blow for

the economy in the short-term.

BHP Billiton is set to smash Australia's corporate profit record

when it posts earnings results this

afternoon. Analysts are forecasting

a 15% jump in annual profits to

$17.7 billion, driven by higher oil

and iron ore prices. It's the last

result before the European comipgs

hands down its findings on BHP

Billiton's hostile bid for Rio Tinto.

To business in brief and other

companies to hand down rules this week R.

To the market numbers now, and US

mark hes closed slightly firmer on Friday.

Let's check the weather details now:

this mo morning's newspaper front

pages and the 'Sydney Morning

Herald' says Westmead hospital will

be the first in Australia to

appoint a doctor who will only

treat overweight children.

The 'Financial Review' warns

business is warning the Government

to drop renewable energy targets because

because they'll cost too much to implement.

Who is the most popular choice to

lead the Liberals? We'll find out

when the news returns.

This program is captioned live.

Making headlines today - Australia

on track for gold in the sailing,

but the medal campaign ends for our

men's rowing team, while our beach

volleyballers are also bundled out. Peter Costello is the popular

choice to lead the Liberal Party as

Brendan Nelson slumps again in the polls.

Russia vows to start pulling combat

troops out of Georgia today after

weeks of intense fighting.

To finance, and there's fears the

commodities boom could be about to

end as the investor exodus spreads to

to base metals.

But first, Australia's Olympic gold

medal hopes today rest with the

cycling and triathlon and sailing.

Yesterday, Australian flag bearer

James Tomkins had a disappointing

end to his Olympic rowing campaign

with the men's eight finishing last.

A large crowd gathered to watch him

on at his local rowing club. Not

only six Olympics but he's made the

finals in six and won medals in for

of them. Beach volleyballers,

Natalie Cook and Tamsin Barnett

also bowed out after a loss against Brazil.

Australia continued to shine on

the final day of competition at the

Water Cube with the women's 4x100m

medley relay team celebrating gold.

Liesel Jones, Libby Trickett and

Emily Seebohn and Jessica Schipper

set a new world record, but the day

belonged to American Michael Phelps

who won his eighth gold medal to

become the most successful Olympian

in history. The 23-year-old say it

is must be a lucky number. Seeing

8-8-08 and the opening ceremony

starting at 8:08, I gets it was

maybe men to be. But it was an

agonising day for team captain

Grant Hackett who finished second.

He says it's his last Olympic race

ruling out London in 2012. And

we'll have more Olympic results and

a preview of today's even vents

later in sport. To

To other news now and rescue crews

have found the body of a

24-year-old climber buried by an 24-year-old climber buried by an

avalanche in the Snowy Mount tapes.

Meantime, the Australian Mountaineers

Mountaineers rescued in New

Zealand have returned home safely

relieved to see their family and friends.

Happy to be home, the climbers

finaly arrive in Sydney after a

hike on New Zealand's highest peak.

I've been hanging out for my

beloved's arms which I've reached

and for a cup of tea. Just hanging and for a cup of tea. Just hanging

out to see the family. Really

relieved to get back safe and

sound. A hug for the youngest

climber, 27-year-old Melissa Clerk

celebrating her birthday and safe

return. It's a bit strange for us

because we're up on the mountain

and I think it is actually the

people back down here who went

through more trauma than we went

through. The six climbers were

trapped on Mount Cook. They

huddled in snow caves. Some

relatives are angry with Australian

authorities for not providing

up-to-date information. Do you up-to-date information. Do you

think it should have been easier think it should have been easier

to get information? I definitely

think that DFAT were no use whatsoever. whatsoever. Police are still looking to

question a man over an although

light plane crash in Queensland

yesterday afternoon. A search

involving water place and the RACQ

Careflight helicopter tracked his Careflight helicopter tracked his

foot prints. It's believed he was

heading to a nearby town. Nobody

else was onboard the plane.

Big business warns the cost of implementing

implementing energy targets will

balloon to more than $630 billion. Industry groups representing

Australia's biggest companies have

called on COAG to dump the targets,

claiming the scheme is ill-advised

and risky. The Government wants 20%

of energy to come from sources such

as solar, wind power and geothermal

by 2020.

It's hoped thousands of sees onal

workers from the Pacific Islands

will help solve Australia's farm

labour crisis. Up to 2,500 people

will be graned visas to pick fruit

and vegetables, but the opposition has

has accused the Government of

rushing the scheme to solve the skills shortage. Australia's economic boom has left our farming industry unable to enjoy the fruits of its own labour, because growers can't find anyone to pick them. They're sick of seeing their fresh produce rotting on the vine for the simple reason that they can't get workers. Now a pilot program will open our shores

to 2,500 workers over three years from the Pacific Islands. They'll be offered 7-month visas and only allowed to work in horticulture. What about the bad elements around some of the big cities in some of the region? How do they make sure that they don't end up here as part of the scheme? Employers must prove they've attempted to hire at home first and pay award wages, plus meet the costs of pastoral care and half of return airfares. Unions warn local workers must be protected.

If there is a case where there are Australian workers unable to gain employment in the agricultural sector because of this program, then that program should be scrapped. The scheme will initially only accept workers from Kiribati, Tonga, Vanuatu and Papua New Guinea. The Opposition warns of a backlash from excluded nations when Kevin Rudd attends the Pacific Islands Forum in Niue this week. Brad Hodson, Ten News.

Former Treasurer Peter Costello Former Treasurer Peter Costello is

the most popular choice to lead the

Liberal Party according to a new

poll. The survey found 4% of people

back Mr Costello for -- 44% of

people back Mr Costello compared

with 17% for the current leader

Brendan Nelson. Kevin Rudd heads to New Zealand

today for talks with Prime Minister

Helen Clark. The economy is

expected to dominate discussions

and he will also attend a climate

change conference. On Tuesday, he

flies to Niue for a meeting of the

Pacific Islands Forum.

Russia has vowed to start pulling Russia has vowed to start pulling

its forces out of Georgia later

today. President Dmitry Medvedev

made the pledge in a phone call to

the French President Nicolas

Sarkozy after signing a cease-fire

deal on the weekend. But there are

fears that a plan to keep Russian

fears that a plan to keep Russian peacekeepers in Georgia could turn

into an open-ended occupation.

Russian troops went into Georgia

after fighting erupted over South

Ossetia.

The Boomers face another huge task

at the Olympic games today when at the Olympic games today when

they take on unbeaten Lithuania.

The Aussie men will use the match

as a confidence builder as they prepare for a quarterfinals

showdown with the United States

dream team. Heading into Day ten,

this is what the medal tally looks

like. Australia sits in fifth

position. Host nation China remains

the country to catch. More gold

medal chances for the Aussies today

with our men and women sailors all

but guaranteed wins as they line but guaranteed wins as they line

up for the final races. While

triple world champ Emma Snowhill triple world champ Emma Snowhi triple world champ Emma Snowhill

snow goes for her first ever gold

medal in the women's triathlon.

To AFL now and the Match Review

Panel will have its hands full with

a host of big names. Brownlow Medal

Brent Harvey faces a nervous wait

after making high contact to

Dennis Armfield. From the same

match, a jumper punch from Brendan match, a jumper punch from Bre

Fevola could end his season. And

three weeks from the finals,

hawthorn's Luke Hodge looks to be

in trouble yet again.

Valentino Rossi has cruised to

victory at the Czech Republic

MotoGP after defending Casey

Stoner crashed out. He looked in

control out front until a minor

mistake sent he and his Ducatti out

to the sand. These get back in

there. He did rejoin the race but

there was no catching Rossi who

racked up his fifth win of the

season, extending his championship

lead to 50 points over Stoner.

There are fears our commodity boom There are fears our commodity boom

could be over with falls in oil

spreading to gold, copper and other

metal markets. For more, I'm metal markets. For more, I'm joined

live by Juliette Saly from Commsec.

Good morning, the declines are

expected to drag our market lower

today, but what's the long-term

outlook? We think there's still a

few more pages left in the commodities story. The agriculture

sector continues to boom and the

main reason we're seeing falls in

the metals market is that China has

effectively shut up shop for the

Olympics so we don't know if the Olympics so we don't know if the

prices will be sustained until the

Chinese economy comes back online.

And profit results expected for BHP And profit results expected for BHP

Billiton? Yes, BHP Billiton

unveiling its result in London

today. Analysts are tipping a rise

of 15%, so a figure above $17

billion underpinned by the strength in commodities we've seen in the

past year, and it is a very Big

Brother in the reporting clend a

much we're also hearing from Coca-Cola

Coca-Cola and Fairfax. If the

results are better than expected,

we can expect a solid share for the

share market noifplt Trelsurer

Wayne Swan has upped the pressure on banks Wayne Swan has upped the pressure on

banks to reverse the unofficial

interest rate rises of the past few

months. The big banks have lifted

their rates by an Of 5.5% since the

election. Mr Swan has warned the election. Mr Swan has warned the

banks they should follow any RBA rediction. To business in brief and companies

set to hand down their results this week include:

That's the morning in finance.

That's the morning in finance.

Thank you. Let's take a look at the weather details now:

recapping today's top stories now,

Australia eyes gold in the sailing Australia eyes gold in the sailing

and triathlon, but it's the end of

the line for the men's rowing team,

while the beach volleyballers also

bow out of the Games.

And tearful scenes in Sydney as

climbers reunite with loved ones

after being trapped on New Zealand's

highest peak. That's

That's it for Ten News. See you

tomorrow. Have a great day.

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