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Ten Early News -

View in ParlView

(generated from captions) This program is captioned live. Good

morning. I'm Bill Woods. And I'm

Early News. Kathryn Robinson. Welcome to Ten's Kathryn Robinson. Welcome to Ten's

Today's stories - authorities investigate whether a communication

mix-up led to a fatal midaire

collision between two planes over Melbourne.

Police search properties across

Sydney's western suburbs as a

22-year-old man is charge over a

string of sex attacks.

Presidential hopeful Barack Obama

to be formally declared the

Democratic nominee today at the

party's national convention in And Colorado.

And in finance - Macquarie Group

shares savaged amid fears it's the

rates. next company to be bitten by higher

Air-crash investigators will return

to the scene of a fatal plane crash

in Melbourne this morning - a

student pilot died in the midair

collision. A communication mix-up

may have been responsible.

Akash Ananth came to Australia to

learn to fly. His dream ending on

his first solo flight. The 24-year-old Cessna 150 clipped

another light aircraft and spiralled

back to earth, exploding on impact.

I saw two planes, and there was

noise - the huge noise. Then all of

a sudden, right in front of my eyes,

one of the planes went right inside

the garage. The other plane

managed to return to Moorabbin managed to return to Moorabbin Airport. Investigators will trawl

through radio transcripts to see

whether a communication breakdown

was responsible for the midair

collision. Other student pilots say

there is often confusion in the

skies above the suburban airport.

Moorabbin is known for a busy

airport, so... it's kind of scary

to fly around like this. Police at

the scene say the tragedy could

have been much worse. The Cessna

landed close to a primary school.

It's an extremely important pass in

these circumstances - it could have

been significantly greater loss of

life or injury than it currently

has in this situation.

A 22-year-old man has been charged

over a string of daylight sex

attacks in Sydney's western suburbs.

The suspect was arrested last night

and is facing a total of 13

charges, including sexual assault,

intimidation and armed robbery.

He'll face court today. Searches

have also been carried out at the

man's workplace in Wetherill Park,

as well as three properties. Six as well as three properties. Six

teenage girls have been attacked in

the area since April. the area since April.

The NSW Teachers Federation has The NSW Teachers Federation has

slammed Kevin Rudd's plan for a

school report card system

describing it as fruitless policy-making. The Prime Minister

has also been labelled a copycat

after announcing the second phase

of his education revolution. Unions of his education revolution. Unions

and the Opposition say the plan to

allow principals to sack

under-performing teachers and under-performing teachers and publish school comparison tables is

similar to the former government's

policy. It really should be, ah,

Kevin Howard and Julia Bishop The

Prime Minister says the Liberals

failed to deliver on their plan.

Police are calling for victims of

an alleged paedophile ring at an

exclusive NSW school to come

forward. The Sex Crimes Unit is

investigating claims that 13 former

students were abused. But they say more

more cases may emerge. Parents

Parents send their children to

Bathurst's prestigious St

Stanislaus College for its

outstanding academic reputation.

period The allegations set around the

period from 1970 to the early '80s.

So at this stage, all inquiries are

over 20 years old. 13 students say

they were abused. Police believe

there are many more. What we are

saying to any more potential

victims out there is to contact us.

Students claim they were forced to

abuse each other during hypnotic

prayer sessions - a former priest prayer sessions - a former priest

at the school facing 33 charges. A

former teacher has been convicted,

and two others are under and two others are under

investigation. I would like people to

to be to believe that where there

are any serious allegations of

misconduct towards children, that

they will be addressed.

Irrespective of the impact on our

reputation. No current teachers or

investigation. students are part of the

It's D-day for the NSW Premier's

plan to privatise that State's

power industry. The $25 billion

Parliament proposal goes to a vote in

Parliament today, but it appears

doomed, with the Opposition reportedly

reportedly deciding in a party-room

meeting to reject it. The Nationals

are also against the scheme. I -

I'm open to being convinced, but

what Morris Iemma and Michael Costa

have put up so far hasn't convinced have put up so far hasn't conv have put up so far hasn't convinced

me. Premier Morris Iemma admits

there is no plan B, and he will

abandon the sell-off if it fails to pass.

plane have finally Two men who hijacked a Sudanese

come to authorities after freeing all

the passengers. It landed in a

remote area in the Libyan desert

after running out of fuel. The hijackers

hijackers were seeking asylum in Libya. Tens Libya.

Tens of thousands of Buddhist monks

have taken to the streets of South

Korea in protest. The huge crowd

chanted as they gathered in front

of the capital city hall before

they marched on, holding banners

criticising the current government.

The monks are protesting against

the President's favouritism towards Christianity. Barack Obama will be endorsed

further today, with speeches from

former president Bill Clinton and

Obama's vice-presidential running

mate, Joe Biden. With more on this story,

story, our US bureau chief Nicole

Strahan joins us live from Denver,

where the convention is being held.

Nicole, Hillary Clinton given a

rousing reception yesterday? Good

morning, Bill. She certainly was.

2 It really was the highlight of Day

2 of this convention. Hillary

Clinton backing Barack Obama as the

nominee for president for the

Democrats - she described him as 'her

'her candidate', and it said it was

time to elect him US president. She

called on her supporters to get

behind Barack Obama and to really

throw the Republicans out of the

White House. There were attacks on

John McCain peppered throughout her

speech, as well as strong

endorsements for Barack Obama. And

Democratic delegates will today

formally nominate Obama? That's

right, Bill. There will be a role

call on the convention floor.

into Hillary Clinton's name will be put

into nomination. It's really a

symbolic gesture to Hillary Clinton.

Then, her representatives, or in

fact Hillary Clinton herself, are

expected to withdraw her from

nomination - essentially

withdrawing her from the race

completely - so that there can be a

unanimous vote for Barack Obama to

nominate him as US president.

Following that, former US president

Bill Clinton, the last Democrat in

the White House, will speak to the the White House, will speak to the

convention. He is expected to

endorse Barack Obama. He's also

expected to talk on national

security and perhaps the economy as

well. And then following that, Joe

Biden is the keynote speaker for

this evening. He's the

vice-presidential pick - the

Senator from Delaware. He's

expected to talk about himself and

how he's come to be here. His

36-odd years in the Senate. And 36-odd years in the Senate. And

he's also expected to attack the

Republicans quite strongly - of

course, John McCain will be part of

that attack. That really is the

traditional role of the

vice-presidential speech on this

day of the convention. The campaign

is heating up. Thank you. Nicole Strahan in Denver.

Myer has struck back in the fashion

retail war, unveiling its spring-summer collection in Sydney overnight. And there was plenty of overnight. And there was plent overnight. And there was plenty of

skin on show, with Jennifer Hawkins skin on show, with Jennifer Hawkins

opening the launch of her own swimwear line.

I've already seen it on the girls,

so it looks great, so I'm happy.

It's really hot. Trust me. Flowing

maxi dresses, plenty of bold prints

and colours on show. Before Jen's

boyfriend Jake took a turn down the

catwalk in Armani. There's also something

something for the pint-sized

fashionistas. Jennifer Hawkins

closed the launch in a

show-stopping red number from

Camilla & Mark.

Injuries are threatening to

disrupt the final preparations of

three AFL clubs - Collingwood, St

Kilda and the Western Bulldogs have

concerns over the fitness of key players. Scott Burns's calf injury is worse than first thought. The Magpies skipper will miss tomorrow night's clash with Fremantle, and is a doubtful starter for week one of the finals. Meantime, the Western Bulldogs have been dealt a blow - young defender Tom Williams ruled out for the year. Oh, yeah, he was pretty devastated on Monday. I think the fact that he's had so many injuries... but I think the best thing for him is to get his shoulder done so he can have a good preseason and get uninterrupted next year. A setback also for the Saints's September campaign - delayed another week. Luke Ball's return from a hamstring

He's more unlikely than likely, but there's still a chance he'll play. and when we sit down next week, Um, so we'll go through the week,

we'll talk about next week. And the Blues will do everything they can to help Brendan Fevola kick his 100th goal of the season, against Hawthorn on Saturday night. It would be great to see it happen. He's kicked eight goals before, this year so I dare say a few of us will have the blinkers on going inside the forward 50. Nathan Templeton, Ten News.

Bit of rugby league now - Pratta

coach Michael Hagan hopeful coach Michael Hagan hopeful that his halfback coach Brett Finch will

be back for the final round of the season, despite a fractured

cheekbone. He was hurt last weekend

in a head clash with Bulldogs

winger Matt Utai. Until now, he'd

played every game this season. He's

done well so far in everything he's done.

done. You've got to share the

workload the is some time. This

week is an opportunity for other

blokes to step in. 19-year-old rookie Kris Keating will take Finch's place at halfback.

The world's largest-ever racing

trial rn has hit - it took three

years to build, not to mention

about $17 million. It's claimed to

be the fastest, safest ocean racer

ever built. 170 engineers worked on

'Banque Populaire V', which weighs

the same as an America's Cup yacht,

but is twice as long and radically

different. The crew will put the

trial ran through a series of sea

tries before taking on all the record books.

To finance news now - Kath,

Macquarie Group somewhere shares

smashed? Is aivaged, Bill. They smashed? Is aivaged, Bill. They

fell nearly 10% after UBS

downgraded its 'buy' recommendation

to 'hold', and it's share-price

target from $60 to $48. Higher

rates could squeeze margins that

millionaires' factory. Macquarie

Group shares have fallen 24% over Group shares have fallen 24% over

thest past two weeks. The company

has told the ASX it has no

explanation for the recent slump.

To the latest profit results -

Westfield has suffered a marginal

fall in first-half net profit to

$1.3 billion, blaming a fall in US

and British shopping-centre values.

But the world's largest retail

landlord has reaffirmed it's on

track for full-year earnings growth

of 5.5%. In other results, surging

oil prices have delivered record

half-year earnings for Woodside

Petroleum. The company has posted a

67% rise in net profit to just over

$1 billion. $1 billion. To other news briefly -

To the market numbers - stocks on

Wall Street are higher as fany May

and Freddie Mac rally for a third day.

Checking this morning's newspaper

prunt pages - the heraldson 'Sun'

hear more on the light plane crash in

in Melbourne which killed a novice pilot.

The 'Financial Review' says losses

posted by ABC Learning will be

larger than anticipated. In 'The Australian', there are

concerns about the guest-worker

program to be adopted in Australia

after problems with a similar

scheme in New Zealand.

Thousands paint the town red for

the world's most famous food fight -

- those pictures when the Early News returns.

This program is captioned live.

This is Ten's Early News. Today's This is Ten's Early News. Today's

top stories - investigators to

return to the site of a fatal

midair collision near Melbourne, with fears a communication bungle

may have caused the crash.

Police search properties across

Sydney's west as a 22-year-old man

is charged over a series of sex

attacks on teenage girls.

Jennifer Hawkins steals the

spotlight at the launch of Myer's

spring-summer collection in Sydney overnight.

And some of our biggest names come

together in Sydney to honour our greatest-ever cricketer.

But first - investigators believe a communication breakdown may have

led to the midair collision that led to the midair collision that

killed a student pilot in Melbourne. killed a student pilot in Melbourne.

The plane of 24-year-old Akash

Ananth clipped another aircraft and

spiralled down, landing on top of a spiralled down, landing on top of a

garage. I saw two planes, and there was

was noise - the huge noise. Then

all of a sudden, right in front of

my eye, one of the planes went

right inside the garage. Radio right inside the garage. Radio

transcripts will now be examined to

see whether there were

communication difficulties between the pilots.

And a light plane has made an

emergency landing on a road in

Perth. The aircraft narrowly missed

homes when it came down and tore

off a wing. Emergency crews had a

busy time dealing with spilled fuel. The

The pilot and passenger were un-hurt.

A 22-year-old man will face court

today, charged over a string of sex

attacks in Sydney's western suburbs.

The suspect was arrested last night,

and is facing a total of 13

charges, including sexual assault,

intimidation and armed robbery.

Searches have also been carried out

at the man's workplace in Wetherill

Park, as well as three homes in

Rooty Hill, Doonside and

Glendenning. Six teenage girls have

been attacked in the area since April.

Police are urging sex-abuse victims

to come forward as they investigate

claims of a paedophile ring at an

exclusive school in central NSW. A

former student at St Stanislaus former student at St Stanislaus

College in Bathurst claims he was

repeatedly molested and forced

into sex acts with his peers. The

allegations centre around the end

of the '70s to the early of the '70s to the early '80s. 13

victim have already contacted

authorities. One former priest at

the school has been charged, and

another former teacher convicted.

investigation. Two others are still under

welcomed the Prime Minister's plan Parents and principals have

to make schools more accountable. to make schools more accountable.

But they want more details on the

scheme. The Opposition has labelled

Kevin Rudd a copycat over the next

phase of his education revolution.

Throughout the election campaign,

Kevin Rudd's education revolution

was a central plank of Labor's

platform. And delivered rock-star

scenes across high schools in the

Internet. Now it's time for phase

two. The Commonwealth expects

education authorities to take

the serious action. Such as replacing

the school principal. Replacing

senior staff. Reorganising the

school. Or even merging that school

with other, more effective schools.

The tough plan to link a Federal

funding boost to teaching standards

has unions and the Opposition

agreeing on one thing - they say Mr

Rudd is a policy cheat. It really

should be Kevin Howard and, ah,

Julia Bishop. Today, we've seen

copycat Kevin Rudd at his best.

Recycling kolgz policy. No denial

from the Prime Minister - he says

the Liberals failed to deliver, and

now's the time for parents to be

told how their student's school

compares with others. If some walk

with their feet, that's exactly

what the system is designed to do.

more But the Prime Minister is promising

more investment, estimating

disadvantaged schools will need $500,000 a year.

It's a big day for Barack Obama,

with Democratic delegates to

formally nominate him as their US

presidential candidate at the

party's convention in Colorado. Obama

Obama will also receive

endorsements from former president

Bill Clinton and vice-presidential

running mate Joe Biden when they

give speeches later today. Senator

Hillary Clinton wrapped up the

third day of the convention, urging

her supporters to unite behind her

former rival.

The fashion fur was flying last

night at Myer's spring-summer

launch, but not just on the runway

- designer Wayne Cooper hit back at

his estranged partner after her

tell-all interview earlier this

week. Sarah Marsh claimed that Cooper physically and emotionally

support. abused her, and cut off financial

Let her be Heather Mills, you know

what I mean? The focus was mainly

on fashion - Jennifer Hawkins

opening the show with her own

swimwear collection. Flowing maxi

dresses, prints and bold colours

featured before the former Ms

Universe closed the show in a red

dress - there it is - by Camilla and Marc.

On that subject, revellers have

pointed the town red for pointed the town red for the

world's post famous food fight.

Around 40,000 people packed these

streets in eastern Spain for La

Tomatina festival, hurling ripe

tomatoes at each other. 120 tons,

to be exact. Many more hard hats

and goggles to protect themselves,

-- many wore hard hats and goggles

to protect themselves, while others

tried to scene a safe distance.

Some of the biggest names in

Australian sport and entertainment

have celebrated what would have

been Sir Donald Bradman's 100 th

birthday. The annual Bradman

narration given to Test captain

Ricky Ponting. Talking about the

Olympics, I think he's Spitz and

Phelps and more. As far as I'm

concerned, he's simply the greatest

sportsman the world has ever seen.

Part of the entertainment provided

by Sir Don's grand-daughter, greta.

She sang a tune composed by the Don

himself in 1930.

AFL news - Adelaide defender Nathan

Basset will retire at the end of

the Crows' finals campaign. After

208 game, the 31-year-old says he's

ready to move on. You know, I like

playing sport skpw. and I like

doing other things as well in my

life, and I've got someone who's

going to ask me to play with them

at different times, and I want to

be able to do it. With finals just

around the corner, Hawthorn has

taken the unusual step of adding

Stuart Due to its leadership group.

Mage sponsor of the Cronulla Sharks

rugby league club is reportedly set

to withdraw its million-dollar deal

today because of charges against

Greg Bird. Meantime, Parramatta has

suffered a massive blow ahead of

its must-win match against St George-Illawarra on Saturday. just seven top-grade games. Kris Keating is 19 and has played

his much more experienced team-mates Now he'll be pushing around the park. Yeah, I'm ready. I've got a few games under my belt, Just these last few weeks each week. so I'm getting a bit more confidence His giant team-mate Tony Williams his own size for a change - lining up against someone St George Illawarra's Wendell Sailor. Yeah, he's looking good. he's not as good as he was, Having the two years off, I guess,

but he's getting back there. have gathered Some of the biggest names in the game Newcastle captain Danny Buderus. to play tribute to departing

It's very humbling. football in a place like Newcastle, I'm just so glad that a game of can give you a day like this. "Mum, all I do is play footy." He's always said to me, as a role model I said, "But darling, what you do where you even think." "extends far beyond Sonny Bill Williams And former NRL star for his new French rugby union club, has scored a try a household name in Europe. but he's still clearly not COMMENTATOR: All of a sudden snaps onto the loose ball. Sonny Boy Williams Leanne West, Ten News.

There's more evidence of a slowdown

in the building sector, with

construction falling more than 2.5%

enJune. With more, Elvina Simpson

from CommSec joins us live. Elvina,

is the construction sector likely

to rebuild any time soon? The

Reserve Bank is likely to cut

interest rates next week, then

again before the end of the year.

That should give a boost to the

sector. The order books are at

record highs. That should also

boost activity throughout the end

of this year. We had fairly upbeat night

night on Wall Street. What can we

expect from the local market today?

It is looking like a positive start.

We did see the Dow Jones index put

on 0. 8%, while the Nasdaq gained

almost 1%. Oil has risen to above

US$118 a barrel. And base-metal

prices have closed higher on the

London metal exchange, which should

help our revors stocks over. All

looking ahead, we have Origin

Energy, tats group, and aristocrat

with their earnings results today.

Thank you.

A marginal fall in half-year net

profit for Westfield to $1.3

billion. The company has blamed weaknesses

weaknesses in overseas markets, but

has reaffirmed it's on track for

full-year earnings are growth of

5.5%. In other profit results,

Woodside Petroleum delivered record

half-year earnings, thanks to

surging oil prices. It posted a 67%

rise in net profit to just over $1 billion. Briefly,

Briefly, to other news - ABC

Learning is expected to restate its results

results for at least the past two

years and book a bigger than

anticipated loss from the sale of

its United States business.

Two of Hollywoodest stars launch a

film festival in Italy. Details

when the Early News returns.

This program is captioned live. This program is captioned live.

This is Ten's Early News. Today -

authorities investigate whether a

communication mix-up led to a fatal

midair collision between two planes over Melbourne.

Police search properties across

Sydney's western suburbs as a

22-year-old man is charged with a

string of sex attacks. Presidential hopeful Barack Obama

to be formally declared the

Democratic nominee today at the

party's national convention in Colorado.

And in finance - Macquarie Group

shares savaged amid fears it's the

next company to be bitten by high rates.

Investigators will return to the

scene of a fatal plane crash in

Melbourne this morning. A student

pilot died in the midair collision,

and a communication mix-up may have been responsible.

Akash Ananth came to Australia to learn

learn to fly. His dream ending on

his first solo flight. The

24-year-old Cessna 150 clipped

another light aircraft and spiralled

back to earth, exploding on impact.

I saw two planes, and there was

noise - the huge noise. Then all of

a sudden, right in front of my eyes,

one of the planes went right inside

the garage. The other plane

managed to return to Moorabbin

Airport. Investigators will trawl

through radio transcripts to see

whether a communication breakdown

was responsible for the midair

collision. Other student pilots say

there is often confusion in the

skies above the suburban airport.

Moorabbin is known for busy airport,

so, it's kind of scary to fly

around like this. Police at the

scene say the tragedy could have

been much worse - the Cessna landed

close to a primary school. It's an

extremely important pass. In these

circumstances, it could have been

significantly greater loss of life

or injury than he currently has in this situation.

A 22-year-old man has been charged

over a string of daylight sex

attacks in Sydney's western suburbs.

The suspect was arrested last night

and is facing 13 charges, including

sexual assault, intimidation, and

armed robbery. He'll face court

today. Searches have also been

carried out at the man's workplace

in Wetherill Park, as well as three

other properties. There have been other properties. There have b

seven attacks against young women

in the area since April.

A baby and a young teenager have

been rescued from a fire in Brisbane's south overnight. The

blaze started in the lounge room

just before midnight. Two children

were asleep inside. One of the

neighbours came forward and wept to the

the rear of the house and broke a

window and assisted the rescue of

the young teenager of the household.

On a secondary search, fire

officers rescued a baby from inside

the home. Both children were taken to hospital.

The NSW Teachers Federation has

slammed Kevin Rudd's plan for a

school report-card system,

describing it as fruitless

policymicing. The Prime Minister

has also been labelled a copycat

after announcing the second phase

of his education revolution. Unions

and the Opposition say the plan to

allow principals to sack allow principals to sack under-performing teachers and

publish school-comparison tables is

similar to the former government's

policy. It really should be, ah, Kevin

Kevin Howard and, ah, Julia Bishop.

The The Prime Minister says the

Liberals failed to deliver on their plan.

The fashion fur was flying last

night at Myer's spring-summer

launch - and not just on the runway.

Designer Wayne Cooper hit back at

his estranged partner after her

tell-all interview earlier this

week. Sarah Marsh claimed that

Cooper physically and emotionally

abusebused her, and cut off all

financial support. It's not a big thing

thing the fight. Let her be Heather

Mills, you know what I mean? The

focus was mainly on the fashion,

with Jennifer Hawkins opening the

show with her own swimwear

collection. Flowing maxi dresses,

prints, and bold colours were also

a feature, before the former Ms

Universe closed the show in a red

dress by Camilla and Marc.

A lot of attention on the

Democratic Convention in the US - Bill Clinton today, the former

president, taking centre stage.

History will also be made when

delegates vote in Barack Obama as

the first black nominee of a major party.

Bill Clinton has a tough act to

follow. We've got to to get going

by electing Barack Obama the next

president of the United States!

Senator Hillary Clinton wrapped up

the second day of the Democratic the second day of the Democratic

National Convention with a

much-needed push for party unity.

Tonight, it's her husband's turn.

Even keeping a low profile here in Even keeping a low profile here in

Denver, the former president has

managed to fuel more doubt. You

have candidate X and candidate Y.

Candidate X aye Brees with you on Candidate X aye Brees with you on

everything. -- agrees with you on

everything. But you don't think

that person can deliver on anything.

It's still unclear exactly how the

voting will play out. But there's

no doubt Barack Obama will be the

party's presidential nominee when

it's all said and done. Vice-presidential pick Joe Biden is

also gearing up for a turn behind

the podium tonight. The del ware

Senator has already come out

swinging against John McCain, and

in the end, differences with the

Republicans may be what brings the Democrats together.

Hollywood heart-throb George

Clooney has joined co-star Brad

Pitt at the Venice Film Festival.

The 47-year-old actor arrived by

boat and took to the red carpet for

the world premiere of his latest

film, 'Burn After Reading'. The two stars

stars signed autographs for adoring

fans, while trying to ward off

questions about their personal life.

They then made a quick getaway - by boat.

Injuries are threatening the

finals preparations of three AFL

clubs. Collingwood, St Kilda and

the Western Bulldogs have concerns

over the fitness of key players. Scott Burns's calf injury is worse than first thought. The Magpies skipper will miss tomorrow night's clash with Fremantle,

and is a doubtful starter for week one of the finals. Meantime, the Western Bulldogs have been dealt a blow -

young defender Tom Williams ruled out for the year.

Oh, yeah, he was pretty devastated on Monday.

I think the fact that he's had so many injuries... ..but I think the best thing for him is to get his shoulder done so he can have a good preseason and get uninterrupted next year. A setback also for the Saints' September campaign - Luke Ball's return from a hamstring delayed another week. so I dare say a few of us will have the blinkers on going inside the forward 50. Nathan Templeton, Ten News. Let's talk rugby league for a moment - Parramatta coach Michael Hagan hopeful that his halfback Brett Finch will be available for the final round of the season, the final round of the season, despite a fractured cheekbone. despite a fractured cheekbone. Finch was hurt last weekend in a Finch was hurt last weekend in a head clash with Bulldogs winger Matt Utai. Up till then, he'd

played every game this season. He's

done very well, you know, in done very well, you know, in

everything he's done. So I guess

you've got to share the workload

some time. This week is an

opportunity for other blokes to opportunity for other blokes to

step in. 19-year-old rookie Kris

Keating will take Finch's place at halfback. halfback.

The style wars snowboarding event

at Falls Creek enters its third and final final day today, with 50

international competitors vying for

the ultimate gravity-defying jump.

There was plenty of action

overnight, with a special session

under lights on a purpose-built

28-stair rail, constructed on the

side of a mountain. French-Canadian side of a mountain. French-Canadian

Charles Reed won this event with an

inward backside 270 lip slide. I

realise we're in the business of

news here, but I upon jz - news here, but I upon jz - I have

no idea what that's meant to be. -- I apologise. Me, neither.

There's more evidence of a slowdown

in the building sector, with

construction falling more than 2.5%

in the June quarter. For more,

Elvina Simpson from CommSec joins

us live. Tell us - is the

construction sector likely to

rebound any time soon? It certainly

is, Kath. The RBA is expected to cut rates cut rates at least twice by the end

of the year, so that should lead to

a bit of a recovery. And also, a bit of a recovery. And also,

order books are at record highs so,

that should see a pick-up towards

the end of the year. And it's been the end of the year. And it's been

a fairly upbeat night on Wall

Street - what can we expect from

our local market today? The futures

index is now pointing to a gain of

around 47 points, or almost 1%. We

did see a very strong lead from

Wall Street, with the Dow Jones

index putting on 90 points, who

ilthe Nasdaq gained 1%. Commodities

have also strengthened, so that

should help our resource stocks

today. We have Origin Energy, Tatts

Group and Aristocrat with their

earnings reports later today. Thank

you.

Westfield has suffered a marginal

fall in half-year net profit to

$1.3 billion. The company has

blamed weaknesses in overseas

markets, but has reaffirmed it's on

track for full-year earnings growth

of 5.5%. In other profit results,

Woodside Petroleum delivered record half-year

half-year earnings thanks to

surging oil prices. The company

posting a 67% rise in net profit to just

just over $1 billion.

Briefly in other news:

This morning's newspaper headline - the 'Daily Telegraph' says photos

of NRL player Greg Bird and his

girlfriend mask the true state of

their relationship. The

The 'Herald's 'Business Day'

reports falling confidence in

investment bank Babcock & Brown is

now affecting larger rival Macquarie group. And the

'Courier-Mail' says there are calls 'Courier-Mail' says there are calls

for a temporary ban on elective

surgery to free up beds in Queensland's hospitals.

D-day for the NSW power industry -

we'll have that story when the Early News returns.

GOOD MORNING, I'M FIONA NELSON... FIRST UP, THE STANHOPE GOVERNMENT, AND THE A-C-T

GREENS, AREN'T SUPPORTING A BILL TO MAKE DRUG EQUIPMENT ILLEGAL IN THE A-C-T. CANBERRA PARTY LEADER, RICHARD MULCAHY, PUT LEADER, RICHARD MULCAHY, PUT FORWARD THE BILL, WHICH WOULD SEE ICE PIPES, BONGS, AND SIMILAR DRUG EQUIPMENT BANNED FROM SALE IN THE TERRITORY. THE MEMBER SAYS, HE'S DISAPPOINTED, THE

HE'S DISAPPOINTED, THE GOVERNMENT IS NOT SUPPORTING HIS PLAN. MEANWHILE, THE CHIEF HEALTH OFFICER'S REPORT, SHOWS CANBERRANS ARE LIVING HEALTHIER, AND LONGER, THAN PREVIOUS SURVEYS.

THE LATEST SURVEY, ESTIMATES MALE LIFE EXPECTANCY WILL RISE BY TWO - POINT - FOUR PERCENT, AND BY ONE - POINT - EIGHT PER CENT FOR WOMEN, BY 20-15. THE SURVEY ALSO SHOWS A-C-T ACTIVITY LEVELS, ARE SHOWS A-C-T ACTIVITY LEVELS, ARE SLIGHTLY HIGHER ACTIVITY LEVELS, ARE SLIGHTLY HIGHER THAN THE NATIONAL AVERAGE. THE THARWA BRIDGE IS OPENING TO LIGHT TRAFFIC THIS MORNING. THE BRIDGE, HAS BEEN CLOSED FOR MORE THAN TWO YEARS, BEEN CLOSED FOR MORE THAN TWO YEARS, WHILE IT UNDERWENT A 14 MILLION DOLLAR REDEVELOPMENT. THE FULL RESTORATION, IS EXPECTED TO BE FINISHED WITHIN THREE YEARS, BUT VEHICLES UNDER FIVE TONNES, ARE PERMITTED TO USE THE THE BRIDGE FROM TODAY. TO SPORT, AND SACKED RAIDER, TODD CARNEY, HAS REPORTEDLY SIGNED WITH ENGLISH SUPER LEAGUE CLUB, THE WIGAN WARRIORS FOR NEXT SEASON. CARNEY, HAS BEEN DE-REGISTERED BY THE N-R-L FOR BAD OFF-FIELD BEHAVIOUR. THE 22 YEAR OLD, HAS SIGNED FOR ONE YEAR, WITH THE OPTION OF A SECOND YEAR, MEANING HE COULD MAKE A

RETURN TO THE N-R-L FOR THE 20-10 SEASON. NOW HAVING A LOOK AT TODAY'S WEATHER... WEATHER... A MOIST SOUTHEASTERLY AIRSTREAM WILL BRING SOME SHOWERS TO COASTAL REGIONS AND TO THE EAST OF THE COASTAL REGIONS AND TO THE EAST OF THE A-C-T TODAY AND OF THE A-C-T TODAY AND AND TOMORROW. LOOKING ACROSS THE NATION NOW - MORNING FROST THEN A FINE DAY IN CANBERRA - SHOWERS FOR SYDNEY, MELBOURNE, BRISBANE AND PERTH

CLOSER TO HOME - A MOSTLY SUNNY DAY AHEAD FOR DUBBO 19 - THE CHANCE OF SHOWER AND 16 THE TOP FOR THE GONG - MOSTLY SUNNY AND 17 FOR WAGGA

SOME CLOUD ABOUT IN BATHURST TODAY 14 THE EXPECTED TOP - A POSSIBLE SHOWER FOR PERISHER MOSTLY SUNNY IN MUDGEE 16 - MORNING FOG OR DRIZZLE FOR COOMA - MOSTLY SUNNY AND 18 FOR PARKES LOOKING AHEAD INTO THE WEEKEND - TOMORROW SHOULD BE A MOSTLY FINE DAY SATURDAY - FINE AND PARTLY CLOUDY

AND WE CAN EXPECT RAIN PERIODS ON SUNDAY

HERE)

This program is captioned live. This

is Ten's Early News. Today's

stories - investigators to return

to the site of a fatal midair collision near Melbourne, with

fears that a communication bungle

may have caused the crash.

Police search properties across Police search properties across

Sydney's western suburbs as a 22-year-old

22-year-old man is charged over a

series of sex attacks.

And Jennifer Hawkins steals the

spotlight at the launch of Myer's

spring-summer collection in Sydney.

In sport, some of the biggest names

and entertainment stars coming

together to honour our

greatest-ever cricketer.

First - investigators believe a

communication breakdown may have

led to the midair collision that

killed a student pilot killed a student pilot in Melbourne.

The plane of 24-year-old Akash Ananth clipped another aircraft and

spiralled down, landing on top of a

garage. I saw two planes, and there

was noise - the huge noise - and

then all of a sudden right in front

of my eyes, one of the planes went

right inside the garage. Radio

transcripts will be examined to see

whether there were communication

difficulties between the two pilots. And a light And a light plane has made an

emergency landing on a road in

Perth. The aircraft narrowly missed

homes when it came down, and tore

off a wing. Emergency crews had a

busy time dealing with spilt fuel.

The pilot and the passenger were un-hurt.

A 22-year-old man will face court

today, charged over a string of sex

attacks in Sydney's west. The

suspect was arrested last night and

is facing 13 charges, is facing 13 charges, including

sexual assault, intimidation, and

armed robbery. Searches have also

been carried out at the man's

workplace in Wetherill Park, as

well as three homes in Rooty Hill,

Doonside and Glendenning. There

have been seven attacks against

young women in that area since April.

Police are urging sex-abuse

victims to come forward as they

investigate claims of a paedophile ring at an ring at an exclusive school in

central NSW. A former student at Saint Stanislaus College in

Bathurst claims he was repeatedly

molested and force under to sex

acts with peers. The allegations

centre around it end of the 1970s

to the early '80s. 13 victims have

already contacted authorities. One

former priest at the school has former priest at the school has

been charged, and another former

teacher convicted.

It's D-day for

It's D-day for the NSW Premier's plan

plan to privatise that State's

power industry. The $25 billion

proposal goes to a vote in

Parliament today, but it appears doomed, with the Opposition

reportedly deciding at a party-room meeting

meeting to reject the plan. The

Nationals are also against the

scheme. I'm open to being convinced,

but what Morris Iemma and Michael

Costa have put up so far hasn't convinced me. Morris Iemma admits convinced me. Morris Iemma admits

there is no plan B here - he will

abandon the sell-off if it fails to pass.

Parents and principals have

welcomed the Price's plan to make schools more accountable for

academic results. But they want

more details on the scheme. The

Opposition has labelled Kevin Rudd a

copy cat for the next phase of his copy cat for the next phase of his education revolution. Throughout the election campaign, Kevin Rudd's "education revolution" was a central plank of Labor's platform, and delivered rockstar scenes at high schools across the nation. First it was laptops and high-speed Internet. Now it's time for phase two. The Commonwealth expects education authorities to take serious action, such as replacing the school principal, replacing senior staff, reorganising the school or even merging that school with other, more effective schools.

The tough plan to link a federal funding boost to teaching standards has unions and the Opposition agreeing on one thing - they say Mr Rudd is a policy cheat. It should really be Kevin Howard and Julia Bishop. Today we've seen copycat Kevin Rudd at his best, recycling Coalition policy. No denial from the Prime Minister - he says the Liberals failed to deliver, and now's the time for parents to be told how their student's school compares with others.

If some walk with their feet, that's exactly what the system is designed to do. But the Prime Minister is promising more investment, estimating disadvantaged schools will need $500,000 a year. Brad Hodson, Ten News.

Another big day for Barack Obama, with Democratic delegates to

formally nominate him as their US presidential candidate. presidential candidate. Obama is

also expected to be endorsed by

former president Bill Clinton, who

addresses the convention today.

Senator Hillary Clinton, wrapped up

the second day of the convention, the second day of the convention, urging her supporters to unite

behind her former rival.

NRL news - while Cronulla is

waiting to sit down with former five-eighth

five-eighth Greg Bird and his

manager to get their side of assault manager to get their side of an

assault story, the sponsors are

running. The Sharks stood Bird down

indefinitely this week after he was

charged with inflicting grievous

bodily harm on his girlfriend,

Katie Milligan. He's not due to

face court until October, but

sponsors have already had enough - it's

it's reported chartered accountants

PKF have scheduled a meeting with

the club to discuss withdrawing

their million-dollar deal.

Adelaide defender Nathan Bassett Adelaide defender

will retire at the end of the

Crows' finals campaign. Bassett was Crows' finals campaign. Bassett was

an all-'Australian' just two

seasons ago. After 208 matches, the 31-year-old says he's ready to move

on. I like playing sport. And I

like doing other things as well in

my life. And I've got someone who's

gonna ask me to play with them at

different times, and I want to be

able to do it. With the finals just

around the corner, Hawthorn has

taken an unusual step of adding taken an unusual step of adding

Stuart Due to its leadership group.

Some of the biggest names in

Australian sport and entertainment

have celebrated what would have

been Sir Donald Bradman's 100th

birthday. Stars from the screen,

political and sporting arenas

gathered in Sydney overnight. The

annual Bradmanaeration was

delivered by current Test captain

Ricky Ponting. Talking about the delivered by current Test captain

Olympics, I think he's Spitz Olympics, I think he's Spitz and

Phelps and more. As far as I'm

concerned, he's simply the greatest

sportsman the world has ever seen. Part of the entertainment provided

by Sir Don's grand Democrat dter,

greta. She sang a new composed by

the Don himself composed in 1930.

Time for our weekly snow report

with Fiona Gwyther live in Thredbo.

Tell me that good weather is still

going on for snow! It going on for snow! It definitely is.

Let's forfetget about today and

look to the weekend - if we stand

on our tippo-toes, we can just see

it. And this weekend, we can expect it. And this weekend, we can expect

a bit of aefrbgs, with sun one day,

snow the next, and some wintry snow the next, and some wintry

weather welcoming in spring.

It will start out firm and fast

day progresses. across NSW, but will soften as the

If you're wondering where all the

kids are from around the region,

they're right down here in Thredbo,

in the NSW interschool with over 2,000 children competing

championships, with some championships, with some of

Australia's best up-and-coming Australia's best up-and-coming

talent on display. It looks like

Mother Nature will be treating them

to some nice, sunny weather over

the next few days! PraThank you,

Fiona Gwyther with that report from

Finance news now - Kath, Macquarie Thredbo.

Group shares have gone cold as well! They were smashed yesterday,

Bill, when they fell nearly 10%

after UBS downgraded its 'buy'

recommendation to 'hold', and its recommendation to 'hold', and its

share-price target from $60 to $48. The

The concern is that high rates

could squeeze margins that

millionaires' factory. Macquarie

Group shares have fallen 24% over

the past two weeks. The company has

told the ASX it has no explanation

for the recent slump.

To the latest profit results now:

Westfield has suffered a marginal

fall in interim net profit to $1.3 billion, blaming a fall billion, blaming a fall in US and

British shopping-centre values the.

World's largest retail landlord has

reaffirmed it's on track for full-year earnings growth of 5.5%.

Surging oil prices have delivered

record half-year earnings for

posting Woodside Petroleum. The company

posting a 67% rise in net profit to $1 billion.

Briefly in other results:

To the market numbers - Wall Street

has closed in the black after a

strong manufacturing report and

strength in fanny may and Freddie strength in fanny may and Freddie mack shares. The

That's all in finance today. I

think you should take note of this

next story - you could learn a

trying thing or two about fashion! You

trying to tell me something here?

This is kind of a finance story too This is kind of a finance story too

- Myer has struck back in the

fashion retail wars, unveiling the spring-summer

spring-summer collection in Sydney

overnight. And there was plenty of

skin on show for a start - Jennifer

own swimwear line. Hawkins opening the launch with her

I've already seen it on the girls,

so it looks great, so I'm happy.

Yeah, really hot. Trust me. Jen's

boyfriend Jake took a turn down the boyfriend Jake took a turn down the

catwalk himself in Armani, of course. And there was also course. And there was also

something for the pint-sized

fashionistas - Jennifer closing

the launch in the show-stopping red

number from Camilla and Marc.

A lot! I do have a lot to learn, don't I?

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

Bill Woods. Bye for now. And I'm

Kathryn Robinson. We leave you with

pictures of Spain's La Tomatina

festival - the world's biggest food

fight. Good morning.

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