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Ten Early News -

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(generated from captions) This program is captioned live. Good morning. I'm Frank Coletta Good morning. I'm Frank Coletta And

Ten's Early News. I'm Esther Lindstrom. Welcome to

Today's headlines - plunge on Wall

Street - the Senate's approval of

the $700 billion rescue plan fails to calm investors.

Dramatic rescue - a man hailed a

hero after pulling a driver from a

overnight. sinking car on the Gold Coast

And search teams find the wreckage

of billionaire adventurer Fossett's plane in California. of billionaire adventurer Steve

But first - global stocks have

plummeted again overnight eahead of

the crucial Lower House vote on the

$700 billion financial rescue

Representatives vote is expected package. The House of

early tomorrow Australian time.

With more, Ten's US bureau chief Nicole Strahan joins us. Nicole,

investors are clearly still nervous

about that package? Good morning,

Frank. That certainly appears to be

the case on Wall Street today

following that Senate vote, one

would have perhaps expected there

might have been a bit of a rally.

That certainly hasn't been the case

at all. At one stage today, the Dow

Jones was down 360 points. At the

moment, it's down 3.5% - a real

sign that the market is waiting for

the next hurdle to be overcome to

get this $700 billion package through the US Congress. Of course,

that hurdle is the House of Representatives. The House of

Representatives initially rejected Representatives initially

the $700 billion bill - it went to

the Senate in a revised fashion,

and it did pass. Now, that passage through

through the Senate does place extra pressure now on the House of

Representatives to get this deal

done. But I must say that that's no

guarantee at this stage. There's a

lot of negotiations going on in Washington

Washington today to try and shore

up the numbers before it is put to

a vote. And again, the US President

has pleaded with House members to

get this deal done. He said earlier

today "Get this bill passed so we

can get about the business of restoring confidence." As we've seen on those markets, there

doesn't seem to be a great deal of

confidence. Now, the bill is

expected to go back to the House of

Representatives tomorrow - that's

Saturday morning, Australian time. But there has been speculation that

if House leaders don't believe they

have the numbers to get it passed,

that it won't be put to a vote at

all. Mm. OK. Let's move on to the

November election. It's a big day

for the vice-presidential

candidates? That's right, Frank.

This is expected to be THE most

watched televised vice-presidential debate ever,

between the Alaskan Governor, Sarah

Palin, of course, the Republican

running mate to John McCain, and

Joe Biden, the running mate to

Democrat Barack Obama. Now, it's

highly anticipated because mostly,

I must say, because of Sarah Palin

- she's given a couple of

interviews over the past few weeks

- one long interview in particular

that ran over a couple of days here

in the United States with our US

affiliate CBS, and Katie Curic, and that interview has been heavily

criticised. Sarah Palin at times

seemed poorly informed, poorly prepared. She has been prepared. She has been criticised

for being, I suppose, a bit offhand

her at some points by both - not only

her normal critics, but also some

within the Republican Party as well. And it's raised questions about

whether or not she is ready to take

on the role of vice-president and,

by extension, the role of president

if she's ever called upon to take on that particular office. Now,

with all eyes on her, I shouldn't forget,

forget, though, Joe Biden - this

won't necessarily be a walk in the

park for him either. He does have a

lot of experience - he's a Senator

from deler with, he's been in the

Senate for three decades - but he

does have a tendency to run off at

the mouth, and he is prone to

gaffes, and people will be watching

carefully, I suppose, to see

whether or not he falls into that

trap. But also, analysts here are

saying that he does need to make

sure he doesn't belittle or

patronise Sarah Palin, because that

wouldn't go over well with many voters either. Nicole, if nothing

Thank you very much. else, it will be great theatre.

Let's take a look now at the

markets. Esther, what's been

happening? US stocks have slumped

overnight as traders remain nervous

rescue package. about the future of the Wall Street

To other news now - a man on the

Gold Coast remains in a critical

condition after his car crashed

through a barrier through a barrier and flipped into

the Nerang River. Two men who

witnessed the incident dived into

the murky waters and pulled the

30-year-old from the sinking sedan.

I grabbed his foot and just tugged I grabbed his foot and just

on his foot, and I held onto his

foot, got another breath, then just

dragged him up. A council worker

who was listening on a 2-way radio

also assisted in the rescue. There

were no other people in the car.

Croatian police released a man over questioning him over the

disappearance of Australian

backpacker Britt Lapthorne. Police

in Dubrovnik have spoken to the son

of the owner of a hostel where the

21-year-old was staying. After

several hours, Ivica Perkovic was

allowed to go home. Britt's father

and boyfriend are now flying to

Croatia to join the search for the

missing backpacker. If anyone knows

anything at all - it doesn't matter

how small the detail is - it how small the detail is - it may

help. And so, if you think you know

anything, um, just step forward and, you

you know, we want to hear it. Britt

was last seen two weeks ago.

There's been a moving on-stage

dedication to the late theatre

great Rob Guest. Crew and castmates of the hit musical 'Wicked' are

still in shock over the veteran's

death. But last night, the show had

to go on. We have lost a father of

the company. And we are still going through very traumatic times, and

... it is going to be a pretty

fiery performance tonight. Guest

died yesterday morning died yesterday morning after

suffering a massive stroke. Funeral

arrangements are still being made,

while an industry memorial will be

held in Melbourne in the next 10 days.

The Rudd Government will fast-track

its multibillion-dollar

infrastructure program in a bid to

protect Australia from the global economic slowdown. The crisis

dominating the COAG meeting in

Perth, with leaders anxious to know

their budgets. how the meltdown might impact on

leaders were greeted by protesters Arriving at COAG, the nation's angry about Aboriginal disadvantage. Close the gap! (PROTESTERS CHANT): Close the gap! That was on the agenda, was on their balance sheets. but today the gap top of mind is to be briefed by Treasury The first and most pressing priority of the global economic instability. on the impacts global economic crisis, Given the current the leaders agreed for the Commonwealth to take over all consumer credit, including mortgages, in a bid to crack down on dodgy lenders. And under pressure from premiers, the Prime Minister agreed to fast-track a report on infrastructure spending to help boost the economy. They also reached a new agreement Meanwhile, the Opposition was busy slamming the Government over its refusal to demand

banks pass on all of next week's expected interest rate cut. An interest rate cut is designed to stimulate the economy, not to protect the record profits of our banks. Either you can act responsibly Meg Palmer, Ten News.

Authorities in Queensland will set

traps along a river today in an

attempt to capture a monsister crocodile suspected of killing Brisbane man Arthur Booker. Police

are now likely to scale back the

search for the 62-year-old, who

went missing several days ago in Cooktown. The Vietnam veteran

failed to return to a camp site

after checking his crab pots in the

crocodile-infested endeavour River.

Search teams have confirmed that

they've found the wreckage of

missing adventurer Steve Fossett's plane.

plane. It was spotted 400m from

where the billionaire's licence and

ID cards were discovered in California's Sierra Nevada

Mountains. They found enough

wreckage to salvage that it was wreckage to salvage that it was in

fact an aircraft. They found a

plate with the 'N' number

identifying it as the plane that

belonged to, ah, Fossett. It

appears the aircraft crashed into

the side of the mountain. No human

remains have been found, but the search is continuing.

NRL - and the grapple-tackle fiasco surrounding the Melbourne Storm

just won't go away. Members of the

judiciary have decided to take

legal action against Melbourne's

coach and CEO for attacking their integrity.

The Storm were fined $50,000 for

their comments in the wake of

Cameron Smith's suspension, and

it's set to get even more expensive.

The NRL judiciary deciding to

proceed with legal action, and they

have the support of the have the support of the game's

chief executive. It's a distraction,

and it's not satisfactory, but, um,

I've made my view clear, which is,

um, a full apology needs to be made,

and it should be made as soon as

possible. We will not be addressing

any issue this week. We think that

is inappropriate for the Melbourne is inappropriate for the Melbourne

Storm, and indeed, inappropriate

for the game. Gallop had a go at

Waldron at the grand-final

breakfast when presenting a

$100,000 cheque for the minor premiership. But it's the cost to the game itself that has other officials fuming. I think Melbourne have handled it very, very badly. handled it very, very badly. I

think it was disgraceful what Craig

Bellamy said, and backed up by

Brian Waldron, and I think they

should come to their senses.

Meantime, Manly skipper Matt Orford

has deflected claims he's not a

big-game player. Why is the

pressure on me? Everyone is saying

it's career-defining. I can't so how

how it can be all just a career-defining moment for myself.

The Phillip Island MotoGP roars

into life today, with opening

practise the first order of

business. Valentino Rossi will once

again be the man to beat. The

Italian in great form after

collecting his eighth world tite

alfew days ago. The 29-year-old is

not getting ahead of himself,

prithing a fast and fierce battle.

Always arrive on the podium, and a

lot of great victories - especially

this track is very funny - usually

the race are very close. Practise

begins at 10:00. That's sport. Now

the rest of the day's finance news

with Esther. US authorities have

extended the ban on all forms of

short selling. The unprecedented

measure will remain in force at

least until the $700 billion

bailout package gets the nod of

approval from Congress. The ban was

supposed to expire today, but has

now been extended in a bid to shore

up investor confidence. It will end

no later than October 17. Briefly:

Checking today's newspaper front

pages - 'The Age' says the Australian Crime Commission has

kept a secret file on its own kept a secret file on its own boss,

Federal Attorney-General Bob Debus. 'Business Day' reports billionaire 'Business Day' reports billionaire investment banker Warren Buffett

has ploughed more than $3.5 billion

into general lectrrtric, the

largest non-bank financial

institution in the US. And 'The Australian' says the

current financial crisis has seen

Westfield boss Frank Lowy emerge as

the richest man in Australia.

Bill Henson breaks his silence over

those images of naked children -

all the details when the Early News returns. ACT Labor are improving our health system. They've delivered an extra 172 fully-staffed hospital beds, increased elective surgery, and funded more doctors and nurses for our hospitals. ACT Labor are also preparing our health system for the future with a billion-dollar health plan, which includes a new women's and children's hospital.

For health, ACT Labor are:

VOICEOVER: The Liberals - Brendan Smyth dumped as leader.

Bill Stefaniak, dumped as leader. Richard Mulcahy, defected, saying, it doesn't matter who leads the Liberals - they're unfit to govern. They don't trust each other. Why should you? This program is captioned live. This

is Ten's Early News. Today's

headlines - another jittery night

on Wall Street - stocks plunge

ahead of the crucial Lower House

revote on the financial rescue package.

Police probe - Croatian

investigators question a man over

the disappearance of Melbourne backpacker Britt Lapthorne.

Rescue crews search for Fossett's Rescue crews search for Steve

Fossett's remains after discovering

the mangled wreckage of his plane in California.

But first - Wall Street has

plummeted again overnight, despite

the US Senate approving the $700

billion bailout plan. All eyes are

now on the House of Representatives

when it meets tomorrow for another

vote on the revamped bill. The vast

majority US Senators passed a

revised version and President

George W. Bush has issued a fresh

call for Congress to back the

controversial rescue package. A lot

of people are watching the House of

Representatives now to determine

whether or not they, ah, will be

able to act positively. On a bill

that has been improved. He hopes the new version, which includes

billions of dollars in other

projects on top of the original

$700 billion plan, will convince

law-makers to change their stance.

We need to check the latest on the

markets. How's it looking? US

stocks have tumbled overnight,

despite the US Senate's approval of

the financial bailout package. With

the latest, we're joined by

CommSec's Juliette Saly. How did

Wall Street finish up? It wasn't

the rally many were were hoping the rally many were were hoping for

- stocks fell heavily into the red

on weak economic news, and investor

nervousness that the House may once

again vote 'no' to the rescue plan.

The Dow Jones lost almost 350

points, or 3.2%. The Nasdaq off by

4.5%. European stocks were down by

around 2-2.5% overnight. What can we expect on the local market

today? Unfortunately, it looks like

we're in for another day of selling

after yesterday's 0.75% slump. We

won't be supported by commodities,

either - oil, gold and copler lost

around 5% overnight, oil now below

US$94 a barrel. We won't see much

support on our market until we know

that Congress has approved this

bill, which we will know by next

week. Today, it looks like our

market will finish in the red, the

futures pointing to a drop of 125%

points, or 2.5%. I'll be back

shortly with the rest of thedy's

finance news.

Sarah Palin is preparing for the fight

fight of her political life when

she squares off against Joe Biden

in the US vice-presidential debate

later today. Palin is under

pressure to silence her critics

after a series of bungled

interviews and questions over her

readiness for the job. Democrats

are also anxious Joe Biden, the

Senate veteran knows as the gaffe machine,

machine, may stumble as well. About

50 million Americans are expected

to tune in for what many say will be

be a make-or-break debate, while

many more will be watching worldwide.

There's been a twist in the case of

missing Australian backpacker Britt

Lapthorne in Croatia. Police have

questioned the son of the owner of

a hostel where she was staying as

her father and boyfriend join the search.

Dale Lapthorne was hoping it would

never come to this. A trip to Croatia

Croatia to find the truth behind

his daughter's disappearance.

Toughest thing in my life to do...

Britt's boyfriend Simon is also

heading to Dubrovnik, where heading to Dubrovnik, where the

21-year-old was last seen leaving a

nightclub two weeks ago. If anyone

knows anything at all - it doesn't

matter how small the detail is - it

may help. Britt's brother Darren is

in the coastal town. He's told

relatives it's been a painfully

slow start to investigations. But the

the family is buoyed by recent progress. Croatian police have

questioned Ivica Perkovic, the son

of the owner of the hostel where

Britt was staying, alleging she

called him the night she went missing. Authorities say he's missing. Authorities say he's one of 30 witnesses they've spoken to.

The family is offering $-- The family is offering $-- 100,000 euros for information leading to

britd's safe return. britd's safe return. Practically,

I'm not going to do a lot. But I'm

not coming back until I've got my

daughter. An 87-year-old man has

been charged with murder over the

stabbing death of an 86-year-old

woman. He'll appear in court this

morning at Lismore in northern NSW.

Photographer Bill Henson has broken his

his silence about his images of

naked children that sparked public

furore. In May, furore. In May, Henson's

photographs of a nude 12-year-old

girl were seized from a Sydney

gallery and ignited the debate

about art versus pornography. Now,

the artist has hit back at his

critics, saying neither he nor the

girl in the pictures regret their

actions. The girl's mother has also

defended the images, saying they

capture a beautiful moment.

New research has revealed

Australians are getting fatter

while a quarter still drink too

much. The Australian Institute of

Health and Welfare has found 6 in

10 patients who visited a doctor in

the past year was overweight or

obese. The rate of adult obesity

has skirocketed by almost a third

over the past decade to just under

24% of the population. And the

number of patients who admit to

drinking excessively has remained

unchanges over the decade.

The wreckage of missing adventurer

Steve Fossett's plane has been found in rugged terrain in

California. It was located close to

where Fossett's ID cards were found,

and it's believed the plane

crashed head-on into the mountain.

The good thing about today is that

we have closure - his wife now

knows what's happened, and his

friends and relatives know what's

happened. Fossett has not been seen

since he took off in Nevada last year.

year. The billionaires re--

billionaire's remains have not fund

bin found.

Crippling fuel prices and consumer

awareness have forced a global green movement within the car

industry. A this year's Paris motor

shower, the biggest brand names

have offered a glimpse into their eco-friendly futures.

Paradise in Paris for car buffs at

least. It's the world's largest motor

motor show, with 1.5 million

visitors showcasing 362 brand

names from 25 countries. Now, it's a

a race to go green. It's a topic of

discussion. And it's a topic of

responsibility, and people want to

feel good about that. And about

their bottom line - rising petrol

prices have boosted environmental awareness worldwide.

The latest concept car from Honda

is a hybrid designed to be as good

as those currently on the market,

but much more affordable. Also in

development - cars designed to

never even see a service station.

This one's a world first - a fully

electric engine driven by a

hydrogen fuel cell - ideally, the

driver would be able to power it

up with natural gas at an energy

station built in their own garage.

The Hondas are solid rather than

stunning - that's where the Renault comes comes in. The hedonist's comes in. The hedonist's hybrid,

it's got all the glitz without the guilt.

In AFL, Geelong's Gary Ablett has

just missed out on yet another

individual award. He's been piped

by team-mate Joel Corey in the

Cats' best-and-fairest count. It's

the second time Corey has won the

medal. Ablett, who also missed out

on the Norm Smith Medal, not to mention

mention the Brownlow, finished

runner-up last night. Jimmy Bartel was third. Improved conditions have allowed

the top seeds to reassert

themselves in Round 2 of the

Billabong Pro in Mundaka.

Australian world number three Bead

Durbage worked his way past Rubeen

Ash. And with Kelly Slater all but

assured for another crown, the

race is on for the rest of the best.

-- the best of the rest. For sure,

it would be awesome to get second it would be awesome to get second

to Kelly but Tadhg is surfing

amazing at the moment. It will be

tough, but we'll see what happens.

Mundaka's famous lefthand barrel

came in the afternoon session.

Aussies Otten and Bucken impressed also. Frank, billionaire investor Warren

Buffett has come to the rescue of

General Electric. Buffett's

Berkshire Hathaway will invest $3

billion US dollars into GE. The

industrial giant hopes the move will boost investor confidence, will boost investor confidence,

with shares plunging nearly 35%

this year. It comes just a week after Mr Buffett announced after Mr Buffett announced he'd

invest $5 billion US dollars into

goldman sacks. Briefly:

A dramatic river rescue on the Gold

Coast - all the details when the Early News returns. VOICEOVER: Featuring airconditioning, power windows and alloy wheels, new Mazda3 Neo Sport from only $20,490.

This program is captioned live.

This is Ten's Early News. Today's

headlines - stocks plunge on Wall

Street - the Senate's approval of

the $700 billion rescue plan fails to calm investors.

Dramatic rescue - two men rushed to

the aid of a driver trapped in a

sinking car on the Gold Coast overnight.

And search crews find the wreckage

of billionaire adventurer Steve

Fossett's plane in rugged terrain in California.

The US Senate's approval of the

$700 billion bailout package has

failed to calm investors. Shares on Wall Street have plunged overnight,

and with the latest, from New York,

I'm joined now by I'm joined now by Alexis Christoforous. Alexis, just how did

the market finish up, then? It was

a pretty ugly picture, Frank, that

Senate passage of the bailout plan

was no magic pill for Wall Street.

And traders are wondering whether or

or not the House really will pass

this bailout plan tomorrow morning

- and even if they do, is it enough

to stave off a recession? In the

end, the Dow was down better than

345 points. It now sets at a 3-year

low. The Nasdaq composite was down

nearly 100, and is below 2,000 for

the first time in three years. So

much bad news - now, new economic

data has also added to Wall

Street's woes? That's right. The

bad news just keeps piling up. And

it actually overshadowed it actually overshadowed the

bailout plan in the Senate today -

we learned that unemployment lines

are getting longer, the number of

people applying for unemployment

benefits jumped last week to a 7-year

7-year high. Factory orders are at

a 2-year low. And of course a 2-year low. And of course

we'relic looking ahead to tomorrow

morning's monthly, key jobs report,

giving us a much better snapshot of

the job market here. Alexis Christoforous, thank you very much

there on Wall there on Wall Street.

Esther will have another update on

the markets very shortly.

The crucial Lower House vote on the

bailout package is expected

tomorrow morning, Australian time,

as Alexis said. The vast majority of US Senators passed a of US Senators passed a revamped

version, and President George W.

Bush has issued a fresh call for

Congress to back the controversial

rescue package. A lot of people are

watching the House of

Representatives now to determine or

not they, ah, will be able to act

positively on a bill that has been

improved. He hopes the new version,

which includes billions of dollars

in other projects on top of the

original $700 billion plan, will original $700 billion plan, will

convince law-makers to change

their stance.

Still in the US - Sarah Palin and

Joe Biden are preparing to face

off today in their much-anticipated

vice-presidential debate. The

stakes are high, with Palin under

pressure to silence her critics

after a series of bumbling interviews.

It's Sarah Palin versus Joe Biden

in one of the most anticipated

vice-presidential debates ever. The

two candidates face off tonight on

the campus of Washington University. Students are excited and curious.

Mostly about Palin. They've never

seen her on a national stage before.

They want to see how she would

handle it. The McCain campaign has been criticised for shielding

Palin from the media. She's taken

hits over some of her answers

during interviews. Biden, too, has

been a lightning rod for criticism.

Accusations of plagiarism derailed

his 1988 presidential bid, and

Biden's known to run off at the

mouth - so much so that mouth - so much so that several

times he's been forced to apologise.

One, two, three ... Crews have been

busy with stage checks, using

student stand-ins for Palin and

Biden. Tonight, it's the real candidates, and their words could

sway a lot of voters. Palin and

Biden - tonight, these number twos

on the tickets will be the number-one draw.

Croatian police have released a man

after questioning him over after questioning him over the disappearance of Australian backpacker Britt backpacker Britt Lapthorne. Police

in Dubrovnik have spoken to the son

of the owner of a hostel where the

21-year-old was staying after

several hours, Ivica Perkovic perk allowed to go home. Britt's father and

and boyfriend are now flying to

Croatia to join the search for the missing backpacker.

If anyone knows anything at all -

it doesn't matter how small the

detail is - it may help. And so if

you think you know anything, just

step forward and, you know, we want

to hear it. Britt was last seen two weeks ago.

A Gold Coast man remains in a

critical condition after his car

flipped into the Nerang River. Two

men who witnessed the incident

dived into the murky waters and pulled him to safety.

The red sedan was found submerged

in the murky waters of the Nerang

River shortly after 2:00 this

morning. The 30-year-old driver

has lost control and crashed

through a metal barrier, trapping

him inside. Two men who heard the

incident quickly swam to his rescue.

I just kept on diving under. He was

still alive the first time I

grabbed him. I couldn't, um, I

couldn't, um... untangle him. He

must have been in his seat belt or

something. Thet pair both received

deep cuts from oyster shells on the

rocks. I just kept on stkpwoing

going and going. Then I grabbed his going and going. Then I grabbed his

foot, tugged onto his foot, got

another breath and dragged him up.

The driver was rushed to hospital

and remains in a critical condition.

A council worker who was listening

on a 2-way radio also dived in to

check nobody else was in the car.

Hfrpblgts a look in the car. Can't

see anything down there. So just

hopefully we did the best we could. Water Police later confirmed the Water

driver was on his own.

dedication There's been a moving on-stage

dedication to the late theatre

great Rob Guest. Crew and castmates

of the hit musical 'Wicked' are

still in shock over the veteran's

death. But last night, the show had to go on.

We have lost a father of the

company. And we are still going

through very traumatic times, and

it is going to be a pretty fiery

performance tonight. Rob Guest died

yesterday morning after suffering a massive stroke. Funeral

arrangements are still being made,

while an industry memorial will be

days. held in Melbourne in the next 10

Search teams in California have

found the wreckage of Steve

Fossett's plane. The adventurer Fossett's plane. The adventurer

hasn't been seen since he took off

from a ranch in Nevada last year.

He'd already proved he could make a

fortune, but Steve Fossett had a

burning ambition to travel further

and faster than anyone else. It

turned him into an all-American

hero. Even when he got into trouble,

he always emerged in one piece.

I'm lucky to be alive! But that

luck ran out more than a year ago

when his light aircraft simply

stranshed. These tacitt documents,

including his pilot's licence,

provided the first real clue. A

search is now in the mountains,

near Mammoth Lakes, where the

remains were found by a climber.

other cards, and the bills. Came across the ID card and the

Wreckage has now been found, but

100 miles south of the air fpld

Fossett departed from, and close to

his documents. From family and

friends' point of view, now that

the plane has been found, we can

bring a proper closure to his life.

loved, It isn't the glorious ending he

loved, but it does solve the

mystery of what happened to one of

the world's great adventurers.

National rugby league first - the grapple-tackle fiasco surrounding

the Melbourne Storm just won't go

away. Members of the judiciary have decided to take legal action away. Members of the judiciary have

against Melbourne's coach and the

CEO for attacking their integrity.

The Storm were fined $50,000 for their comments in the wake of

Cameron Smith's suspension, and

it's set to get even more expensive.

The NRL judiciary deciding to

proceed with legal action, and they

have the support of the game's

chief executive. It's a distraction,

and it's not satisfactory. But, um,

I've made my view clear, which I've made my view clear, which is,

um, a full apology needs to be made,

and it should be made as soon as

possible. We will not be addressing

any issue this week. We think that

is inappropriate for the Melbourne

Storm, and indeed, inappropriate

for the game. Gallop had a go at

Waldron at the grand-final

breakfast when presenting a

premiership: $100,000 cheque for the minor

But it's the cost to the game

itself that has other officials

fuming. I think Melbourne have

handtled very, very badly, and I

think it was disgraceful what Craig

Bellamy said, and backed up by

Brian Waldron, and I think they Bellamy said, and backed up by

should come to their senses. Manly

skipper Matt Orford has deflected should come to their senses. Manly

claims he's not a big-game player.

Why is the pressure on me? Everyone

says it's career-defining. I can't

see how it can be all just a

career-defining moment for myself. career-defining moment for myself.

The Phillip Island MotoGP roars into life today, with opening

practise the first order of

business. Rossi roz will once again

be the man to beat. The Italian in

great form after collecting his

eighth world title just a few days

ago. But the 29-year-old isn't ago. But the 29-year-old

getting ahead of himself. He's

predicting a fast and fierce battle.

I always arrive on the podium and a

lot of great victories, especially

this track is, ah, very funny, and

a big show, because usually the

race are very close. And practise

begins at 10:00 in the MotoGP. Now

we'll turn to finance and check the

markets with Esther. The US Senate's approval of the Senate's approval of the Wall

reassure Street rescue package failed to

reassure investors.

In other news - US authorities have

extended a ban on all forms of

short selling. The unprecedented

measure will remain in force at

bailout least until the $700 billion

bailout package gets the nod of

approval from Congress. The ban was

supposed to expire today but has

now been extended in a bid to shore

up investor confidence. It will end

no later than October

And briefly: no later than October 17.

Checking this morning's newspaper

headlines - the 'Herald Sun'

reports a man accused of fatally

running over a teenager in

Melbourne has blamed a cat on the road, not excessive speed and alcohol. 'The Financial Review' says an

increasing number of large

TO N-G-A EMPLOYEES THE RESULTS, WERE PRESENTED THE BUILDING. IS UNLIKELY TO BE LINKED TO NATIONAL GALLERY EMPLOYEES, OF CANCER OUTBREAKS, WITH in the speaks to photographer Bill Henson And the 'Sydney Morning Herald' jobs. the best applicant for high-paying mock-survival situations to companies are turning to

THE DAY TO TRY AND HELP THE HEART FOUNDATION, USES NATIONAL WALK TO WORK DAY. CAR TODAY, AND TAKE PART IN BEING URGED TO DITCH THE ACROSS THE REGION, ARE RESIDENTS IN CANBERRA AND POPULATION. AMONG THE GENERAL WAS SIMILAR TO THE RATE OF CANCER AT THE GALLERY, THE REPORT FOUND, THE RATE THE GALLERY. STUDY INTO POISON LEVELS AT YESTERDAY, AFTER A TWO YEAR

RESEARCH... AND ALSO TO RAISE MONEY FOR HEART LIFESTYLES, OF PEOPLE PROMOTE HEALTHIER LIVING IN THE CAPITAL AND

SURROUNDING AREAS.

INSTEAD OF USING THE CAR, THE FOUNDATION SAYS, BIT EARLIER, AND ENJOY A LEAVE THE HOUSE A LITTLE WALK TO WORK. AND WITH THE LONG WEEKEND ONLY HOURS AWAY, CANBERRA MOTORISTS, THAT DOUBLE POLICE ARE WARNING SPEEDING AND SEAT BELT DEMERIT POINTS APPLY TO ALL OFFENCES. HIGHWAY FOR THE THREE DAY WITH MANY PEOPLE TO HIT THE

DRIVERS TO TAKE CARE ON THE BREAK, POLICE ARE URGING TERRITORY'S ROADS. THE DOUBLE DEMERIT POINTS ARE IN ACTION UNTIL MIDNIGHT MONDAY. AND THE MONARO CRICKET SEASON GETS ONE STEP CLOSER STARTING THIS WEEKEND, WITH A TOWN AND COUNTRY MATCH IN BLAYNEY. AHEAD OF THE COMING SERIES. NINE TEAMS ARE ENROLLED, THIS SATURDAY, WITH THE PLAY WILL START AT 12-30 NEXT WEEKEND. REGULAR SEASON TO START TODAY'S WEATHER... NOW HAVING A LOOK AT

MOVE ACROSS THE REGION LATE A COLD FRONT IS EXPECTED TO LIKELY TO PRODUCE SOME TODAY INTO TOMORROW AND IS SHOWERS AND STORMS. A LATE SHOWER FOR CANBERRA LOOKING ACROSS THE NATION - SHOWER OR STORM FOR SYDNEY CANBERRA - THE CHANCE OF A - RAIN DEVELOPING IN MELBOURNE COULD BE A FEW STORMS CLOSER TO HOME - THERE WALES LATER TODAY - THE ACROSS SOUTHERN NEW SOUTH - THE GONG IS HEADING FOR A NEW SOUTH WALES LATER TODAY TOP OF 34 DEGREES THE CHANCE OF A SHOWER OR STORM FOR BATHURST 27 - 34 SHOWER OR STORM FOR BATHURST 27 - 34 DEGREES

THE TOP FOR BATEMANS BAY NOWRA IS HEADING FOR A TOP OF 35 - THREDBO WILL GET SOME THUNDER LATER IN THE DAY AND 13 AND 13 LOOKING AHEAD TO THE LONG WEEKEND - TOMORROW - THE LONG WEEKEND - TOMORROW - SHOWERS WITH THE CHANCE - TOMORROW - SHOWERS WITH THE CHANCE OF A

THUNDERSTORM. (13 20)

AND WE'LL HAVE A POSSIBLE SHOWER ON SUNDAY AND MONDAY .

This program is captioned live.

This is Ten's Early News. Today's headlines - another

headlines - another jittery night

on Wall Street - stocks plunge

ahead of the crucial Lower House

revote on the financial rescue package.

Dramatic rescue - two men rush to

the aid of a driver trapped in a

sinking car on the Gold Coast overnight.

And crews search for Steve

Fossett's remains after discovering

the mangled wreckage of his plane

in California. But first - Wall Street has plummeted

plummeted again overnight, despite

the US Senate approving the $700 billion bailout plan. All eyes are

now on the House of Representatives

when it meets tomorrow for another

vote on the revamped bill.

A showdown is brewing on Capitol

Hill. A lot of people are watching the House of Representatives now to

determine whether or not they, ah,

will be able to act positively. President Bush met

President Bush met with business

leaders today as the House took up

the financial bailout bill. The

legislation looks a little

different from Monday, when

Representatives stunned the country

by narrowly voting it down. Late

Wednesday, the Senate easily approved the legislation after

making some revisions. Law-makers

added $100 billion in tax cuts for

the middle class and businesses,

and more than doubled the cap on Federal deposit

Federal deposit insurance. Those

changes have softened some

opposition to the bill in the House

- over 100 Republicans voted

against the bill Monday. Party

leaders are targeting them today,

pressing them to vote 'yes'. Only a

dozen law-makers would have to

change their vote for the package

to pass. But that fight not by not be easy. Some conservative Democrats are not happy about the

bill's revisions, and many

Americans don't see why they should pay for Wall Street's

pay for Wall Street's mistakes.

Speaking of Wall Street, it's time

to check the latest on the markets.

Here's Esther. Thanks, Frank. US

stocks have tumbled overnight,

despite the US Senate's approval of

the financial bailout package. With

the latest, CommSec's Juliette Saly

joins us live. How did Wall Street

finish up? Once again, fear and

panic set in! We saw the Dow Jones lose lose almost 350

lose almost 350 points, or 3.25%.

The Nasdaq slumped by 4.5%. The broader

broader share market down by 4%.

Invest rerz main nervous that the

House might vote 'no' again to the

rescue plan. We saw a big spike in

the number of Americans claiming

unemployment benefits, which also

spooked Wall Street. What's going

to happen on the local market

today? Unfortunately, not much support

support for local stocks today. A

big slide in commodity prices -

big slide in commodity prices - oil,

gold and copper all down by around

5%, sending BHP shares listed in

New York down by 10%. Not support

for banks - Westpac shares in New

York were down by 4%. We are in for

another day of selling. At the

moment, the SPI futures off by 95

points, or about 2%. Juliette Saly

from CommSec, thank you. Thanks. Back

Back soon with more finance news.

See you then. Thank you. Sarah Palin is preparing for the

Sarah Palin is preparing for the

fight of her political life when

she squares off against Joe Biden

in the US vice-presidential debate

later today. Palin is later today. Palin is under pressure to silence her critics after

after a series of bungled

interviews and questions over her

readiness for the job. Democrats

are also anxious that Joe are also anxious that Joe Biden,

the Senate veteran known as the

gaffe machine, may stumble as well.

About 50 million Americans are expected to tune in

expected to tune in for what's

being termed the make-or-break debate.

A Gold Coast man remains in a

critical condition after his car

crashed through a barrier and

flipped into the Nerang River. Two

men who witnessed the incident

dived into the murky waters and

pulled the 30-year-old from the

sinking sedan. I grabbed his foot

and tugged on his foot, and held

onto his foot, got another breath

and just dragged him up. A council

and just dragged him up. A council

worker who was also listening on a 2-way radio assisted in the

rescuue. Water police have confirmed

confirmed there was no-one else

inside the vehicle.

There's been a twist in the case of

missing Australian backpacker Britt

Lapthorne in Croatia. Police have

questioned the son of the owner of

the hostel where she was as the hostel where she was staying,

as her father and boyfriend join the search.

Dale Lapthorne was hoping it would never come to

never come to this. A trip to Croatia to find the truth behind his daughter's disappearance.

Toughest ing in my life to do.

Britt's boyfriend Simon is also

heading to Dubrovnik, where the 21-year-old was last seen 21-year-old was last seen leaving

a nightclub two weeks ago. If

anyone knows anything at all -

doesn't matter how small the

doesn't matter how small the detail

is - it may help. Britt's brother

Darren is in the coastal town. He's told

told relatives it's been a

painfully slow start to

investigations, but the family is

buoyed by recent progress. Croatian

police have questioned Ivica

Perkovic, the son of the owner of

the hostel where Britt was staying,

alleging she called him the night

she went missing. Authorities say

he's one of 30 witnesses they've

spoken to. The family is offering 100,000

100,000 euros for information leading

leading to Britt's safe return.

Practically, I'm not going to do a

lot. But I'm not coming back until I've I've got my daughter.

Authorities in Queensland will set

traps along a river today in an

attempt to capture a monster

crocodile suspect offend killing

Brisbane man Arthur Booker. Police are

are now likely to scale back the

search for the 62-year-old who went

missing several days ago in

missing several days ago in Cooktown. The Vietnam veteran

failed to return to a camp site

after checking his crab pots in the

crocodile-infested river. Photographer Bill Henson has broken

his silence about his images of

naked children that sparked public

furore. In May, Henson's

photographs of a nude 12-year-old

girl wered from a Sydney gallery

and ignited the debate about art

versus pornography. Now the artist

has hit back at his

has hit back at his critics, saying neither

neither he nor the girl in the

pictures regret their actions. The

girl's mother has also defended the

images, saying they capture a beautiful moment.

Search teams have confirmed they've

found the wreckage of missing

adventurer Steve Fossett's plane.

It was spotted 400m from where the

billionaire's licence and ID cards

were discovered in California's

Sierra Nevada Mountains.

Sierra Nevada Mountains. They found

enough wreckage at the salvage that

it was in fact an aircraft. They

found a plate with the end number

identifying it as the plane that belonged

belonged to, ah, Fossett. It

appears the aircraft crashed appears the aircraft crashed into

the side of the mountain. No human

remains have been found, but the search is continuing.

In the AFL, Geelong's Gary Ablett

In the AFL, Geelong's Gary Ablett

has missed out on yet another

individual award. Ablett this time

has been pipped by team-mate Joel

Corey in the Cats' best-and-fairest

count. It's the second time Corey

has won the Carji Greeves Medal.

Ablett, who also missed outen Ablett, who also missed outen the

Brownlow and Norm Smith medals,

finished runner-up last night.

Jimmy Bartel was third.

Improved conditions have allowed

the top seeds to reassert

themselves in Round 2 of the

Billabong Pro in

Billabong Pro in Mundaka. Australian world number three Australian world number three Bede

Durbidge worked his way past

replacement surfer Reubyn Ash. With

Kelly Slater all but assured of a

ninth world crown, the race is on

for what they're calling the best

of the rest. Yeah, for sure, it'd

be awesome to get second to Kelly.

But Taj is surfing amazing at the

moment. So, yeah, it's going to be

a tough one, but we'll see what

a tough one, but we'll see what

happens. Mundaka's famous left-hand

barrel came to life in the

afternoon session, with Hawaiian

Fred Patacchia - look at it -

claiming a 9.5 out of 10 for this

tube. Nice! Aussies Kai Otton and

Adrian Buchan also progressing.

Let's go to the rest of the day's Let's go to the rest of the day's

finance. Esther? Thanks, Frank. Billionaire investor Warren Buffett

has come to the rescue of General

Electric. Buffett's Berkshire

Hathaway will invest $3 billion US Hathaway will invest $3 billion US

dollars into GE. The industrial

giant hopes the move will boost

investor confidence, with shares

plunging nearly 35% this year. Last

week, Mr Buffett announced he'd

invest US$5 billion into Goldman Briefly: Sachs.

Frank, that's the finance for this Frank, that's the finance for this

morning and this week. It's been a

big one. Thank you very much,

Esther. Crippling fuel prices and Esther. Crippling fuel prices and

consumer awareness have forced a global green movement within the

car industry. At this year's Paris

motor show, the biggest brand names

have offered a glimpse into their eco-friendly futures.

Paradise in Paris for car buffs at

least. It's the world's largest

motor show, with 1.5 million

visitors showcasing 362 brand

names from 25 countries. Now, it's names from 25 countries. Now, it's

a race to go green. It's a topic of

discussion. And it's a topic of responsibility. And people want to

feel good about that. And about

their bottom line. Rising petrol

prices have boosted environmental awareness

The latest concept car from Honda is a

hybrid, designed to be as good as

those currently on the market, but

much more affordable. Also in

development - cars designed development - cars designed to

never even see a service station.

This one is a world first - a fully

electric engine driven by a

hydrogen fuel cell. Ideally, the

driver would be able to power it up with natural

up with natural gas at an energy

station built in their own garage.

The Hondas are solid rather than

stunning - that's where the Renault comes in - the hedonist's hybrid,

it's got all the glitz without the guilt.

OK. So if you're going for a drive

this weekend, or certainly starting today, let's look at the weather:

Recapping this morning's top

stories - stocks plunge on Wall

Street! The Senate's approval of

the $700 billion rescue plan fails the $700 billion rescue plan fails

to calm investors.

A dramatic rescue on the Gold A dramatic rescue on the Gold Coast

- two men rush to the aid of a

driver trapped in a sinking car in

the Nerang River overnight. Search

cruise find the wreckage of

billionaire adventurer Steve Fossett's plane in rugged terrain in California.

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

Frank Coletta. Bye for now. And I'm weekend. Esther Lindstrom. Have a great

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