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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 Ellesa Throwden. Today, crisis talks. Treasurer Wayne Swan

prepares for an emergency meeting

of G20 leaders on the global

financial problems.

A prison riot. Dozens of inmates

take control of cell blocks in a

protest over conditions.

And in sport, Ricky Ponting answers

his critics with a maiden century

on Indian soil.

another cast: Briefly checking the weather

finance ministers from the world's

biggest economies are preparing to

meet in Washington for an energy

summit -- emergency summit.

Treasurer Wayne Swan will attend

the G20 meeting along with ministers from the United States,

France, Britain, Italy and Canada. France, Britain, Italy and Canada.

Ahead of the meeting, Mr Swan met

with banking cheechs in New York and toured the Stock Exchange.

Absolutely vital that we have some

decisive and co-ordinated international action to stabilise

the system and to put in place

solutions for the long-term.

Leaders are under growing pressure

to hammer out a cross-border plan to

help stabilise global conditions.

But the U Treasurist Secretary

Henry Paulson says investors should

not bank on a global agreement.

European stocks today added to today's heavy losses. Wall Street

bounced back at the open, but has

since dropped - down 140 points a since dropped - down 140 points a

short time ago. And the Central

Banks of South Korea, Hong Kong and Taiwan have cut their interest

rates in a bid to stabilise that region.

After bail outs, buy outs and rate

cuts, Wall Street is still waiting

for the bottom. People think this

is going to be a quick fix. It

isn't. It's taken us 20 years to

be here and it will take us a while

to get out. Now the Bush

Administration is considering

throwing out another lifeline. throwing out another lifeline.

Investing in US banks. Officials

say the authority to do that is in

the $700 billion rescue plan passed

by Congress which the Treasury is

rushing to implement. We'll use all

rushing to implement. We'll use all of the tools we've got, including strengthening the financial

institutions. Confidence on Wall institutions. Confidence on Wall

Street is still shaky. That's because despite efforts by the

Treasury and the Fed, the

Treasury and the Fed, the credit

mark elts remain prozen. The DOW

did move higher at the opening bell,

after a stronger than expected

profit report from IBM, profit report from IBM, suggesting

the credit crisis may not be crushing business spending.

Overseas markets also found their

footing after Wednesday's

co-ordinated interest rate drop by

several nations. Still, getting better

better looks a way off.

We'll have the rest of today's

finance news, including the surge

in the jobless rate coming up shortly.

Dozens of inmates have rioted at

SA's Port Augusta prison, angry SA's Port Augusta prison, angry

over the camped conditions and

constant lockdowns. Heavily armed

police have worked through the

night trying to difuse tensions Prisoners at Port Augusta armed

weapons in a united display of

anger and frustration. Police were

unable to stop more than 40 inmates from taking control of the high from taking control of the high

security cell. The riot is thought

to be related to overcrowding. One

prisoner telling Ten News they're

constantly in lockdown. We never

know what day we're going to get

out of the cells, if we're going to get

get out of the cells at all. We get

very little recreation time and

yard time. Some units, it's a standard

standard repbleem to be 23 hour

lockdown. The siege began yesterday

afternoon with prisoners saying -

"We want to talk". It continued

into the night. SA's Public Service Association agrees that conditions

are camped at the jail. So far, no

injuries have been reported.

Poor visibility has been confirmed

as the cause of a plane crash in

Nepal which claimed the lives of a

young Melbourne couple. The Yeti

Airlines jet clipped a security

fence before crash landing.

Australians Andrew McLeod and Charlene Zumudio were among 18

people killed. It's since been

revealed that they had planned to

matter. I haven't told anyone this,

but just before they left, Andrew

rang me and told me that he was

going to propose to her. He wanted

me to go with him to find a me to go with him to find a ring.

The pilot was the sole survivor of

the crash. Three men have been

arrested over the death of an

Australian man in India. 65-year-old John Kelly died after a

bar brawl in the resort state of

Goa. Two waiters and a security

guard have been arrested on

suspicious of murder. An Australian

consular official is travelling

there to confirm the death.

The States are demanding up to $23

billion in extra funding from the

Commonwealth ahead of a special

COAG meeting next month. A

confidential briefing says that the

States are asking for extra money

for health, schools and housing for health, schools and housing before finding up to a new Federal

agreement. But it couldn't have

come at a worse time for the Rudd

come at a worse time for the Rudd

Government which is facing

declining revenues.

The NSW premier and the Opposition

leader have gone head to head at a

pub in Sydney's Inner West

overnight. Around 200 people

watched as Nathan Rees and Barry O'Farrell

O'Farrell squared off at their

first leader's debate in Balmain.

The pair skullsed a range of topics

and both copped jeers. They put the

public interest last. That aelts

problem. Under your policy, there

would be less to maintain. The pub

crowd narrowly awarding the debate

to Mr O'Farrell.

US advice presidential nominee

Sarah Palin is a distant relative

of Princess Diana according to a report. Geneology website www.ancestry.com has released

research saying that the two are

10th cows ins, desended from 17th

century sin sesors, Abigail Ford az

John Strong. Palin is also related to Franklin Roosevelt. Australian cricket captain Ricky

Ponting has snapped his Indian run Ponting has snapped his Indian run

scoring drought recording his

first ever century there. Australia will resume:

A wicket in the final over did

wonders for Kahn and India's confidence, but the day will be remembered for Pontiff's century.

Cameron White became Australia's 40

2nd Test cricketer and after

anticipation, India struck

immediately, although Matthew

Hayden may have been unlucky. Ricky

Ponting joined Simon Katich, Ponting joined Simon Katich, and

while 75 runs were made in the

first session, it was all about

survival. The early jitters soon

forgotten as the track flattened. Th

pair oozing confidence in the

century.

COMMENTATOR: That is great placement. All made by the footwork.

Katich departed for 66 but Pontiff

went on to his first century in India.

India. He's never made 100 there India. He's never made 100 there

before. He departed for 123, trapped

in front. And Kahn made the most of

the new ball removing Michael

Clarke, to leave the match evenly poised.

The AFL's trade week has finally

come up with a deal. Port Adelaide

midfielder Adam Thompson the first

player to move clubs. The

player to move clubs. The

22-year-old joining Richmond. A few

clubs I went and had a meeting with,

but we chose the Tigers because of

the playing group coming through.

And yeah, it is a good future.

Sydney's Ryan O'Keefe is yet to

find a new home. Talks between the

Swans and hawthorn have down. Swans and hawthorn have broken

down. A flurry of deals are

expected before the trade period

ends at 2pm today. Bathurst

Bathurst lepbl end Peter Brock has

been honoured on the -- legend

Peter Brock has been honoured on

the eve of the race. Brock is with his

his favourite Bathurst winner

Commodore. On the track, Craig

Lowndes fittingly topped opening day

time streets. Lowndes and his team-mate

team-mate Jamie Whincup strive to

win it for a third straight year.

Daip one's biggest casualty was Jack

Perkins who destroyed the back of

his father's Holden.

Let's talk finance now though with

the PM warning the public not to panic.

Yes, Prime Minister Kevin Rudd has

called for calm saying he's

confidence can survive a global

recession. But he admits that

employment growth will be more

difficult in the future with the

biggest jump in the jobless rate in

almost seven years. Kevin Rudd is staying cool in the face of a global financial meltdown. People running around throwing their hands in the air, talking about nightmares, is not leadership. An International Monetary Fund report predicts the world economy will suffer a major downturn. While noting that many of the major advanced economies are already in or close to recession, it forecasts ongoing growth for the Australian economy of 2.5% in 2008 and 2.2% in 2009. Kevin Rudd doesn't believe Australia will fall into recession. To continue to grow the economy is critical because that way we can sustain continued jobs growth in the future and that's going to be very difficult given what's happening around the world. Obviously, in the context of the global financial difficulties, In September, Australia's unemployment rate jumped to 4.3%, with the number of jobless up by more than 21,000.

this is a good result. The Rudd Government also seized on a report on the soundness of global banking systems. Australia is ranked 4th out of 134. But for Australians relying on superannuation... It's bad, it's really bad. Murray McCloskey, Ten News. Australia's strong commodity

exports are under threat as fears

grow China's demand for iron ore is

waning. Mount Gibson Iron

yesterday revealed its yesterday revealed its Chinese

customers want to delay iron ore

shipments, sending the shares down

24%. The news shocked the market

with commodity exports z seen as

Australia's best protection from

the global economic turmoil. Tighter credit conditions are

expected to see iron ore and coal

prices fall as much as 20% by next year.

To the market figures in detail now

and the Dow Jones is down 145

points and the NASDAQ is down 11. National weather for Friday:

checking today's newspaper front

pages. The 'Australian' reports

that Kevin Rudd is being pressured

to follow the lead of European and

American governments and underwrite

the major banks. Business Day has

more on Henry Paulson calling a snap

snap meeting of the world's 20

largest economies. And the 'Daily

Telegraph' reports that the NSW Government has done a secret pay

deal with ferry engineers, but not

with other public servants.

Claims that Britt Lapthorne's drink may

may have been spiked the night she

went missing. We'll have details when the news returns.

This program is captioned live.

This is Ten News. Our headlines

this morning - the crisis summit.

Treasurer Wayne Swan to join

leaders of the world's biggest

economy force emergency talks on

the global market free fall.

The jail house stand off - inmates

seize control of two cell blocks seize control of two cell blocks in

a SA prison in a riot over conditions.

And in sport, lounds and Jamie

Whincup top the sheets as they win

three in a row in Mount panorama.

But first, Treasurer Wayne Swan is

heading to America for a meeting on

the credit crisis. Finance chiefs

around the world are hoping for a

co-ordinated response to the

turmoil.

Wayne Swan toured the New York

Stock Exchange today surrounded by

nervous traders after six days of nervous traders after six days of heavy losses. I think it's pretty

fair to say from the discussions

I've had this morning with the

banking community and also moving

around here at the Stock Exchange

that people still see a rocky road

ahead. The Treasurer will head to

Washington for a special G20

meeting of global chiefs. It's

hoped the leaders will agree on a

cross-border plan to help to

stabilise credit markets. It is

absolutely critical that we have decisive

decisive and co-ordinated action

from G20 countries. Investors in

the United States are worried that

the recent rate cuts are not enough

and want the Bush Administration to

consider buying into more banks.

Back home, the Prime Minister says Australia

Australia is not heading for a

recession. Based on our analysis

within the Government, we have no information available to us which

causes us to conclude other

that we will continue to generate

positive economic growth in this country.

Well, international markets have

continued to tumble overnight,

despite a co-ordinated round of

rate cuts. Wall Street bounced at

the open, but the positive mood was short

short lived. For more, I'm joined live

live from New York by Alexis

Christoforous. Good morning, they

can talk the talk, but no ind in

sight to the global free fall?

Unfortunately, you're right. I was

talking to traders earlier and

they said, it's not so much that

we're wondering whether or not

we're going to finish the day up or

down, it's how many times we're

going to move up and down in one

session. Truly, you blink and it

seems that the market moved

direction as we head into the close.

We have the DOW Industrials down

more than 300 points. We've broken

the 9,000 level and it is ironic that

that this comes on the one-year

anniversary of the DOW's all-time

high. One year ago today we closed

above 14,000. And the US Government above 14,000. And the US Government

has pumped even more money into

insurance giant AIG? It has insurance giant AIG? It has indeed.

Another $38 billion into AIG, and

in return it is going to get some

very good rated fixed income

securities. Very well graded fixed

income secures on top of the $85

billion the Government had to give AIG just a few weeks ago, and

really seized control of the

insurance giant as it was about to

topple. And in just a one year

period, we've seen Lehmann Brothers

go away and the Government had to

seize Fannie Mae and Freddie Mac

and now Bear Sterns and Merrill

Lynch. So the landscape on Wall

Street has changed. Traders say

until we see the frozen credit

market start to thaw and banks

worldwide willing to lend, we're

going to have a frozen global

economy. Thank you for that Alexis Christoforous.

Now of course, we'll have the rest

of today's finance news including

the surge in the jobless rate coming up. coming up.

Heavily armed police are trying to

negotiate with prisoners who rioted

at SA's Port Augusta jail. at SA's Port Augusta jail. Dozens

of armed inmates have taken

control of a high security cell,

angry about cramped conditions and angry about cramped conditions and

constant lockdowns. Some have

climbed on to the prison roof

waving banners. We never know what

day we're going to get out of the

cells. If we're going to get out of

the cells at all. We get very

little recreation time. Some units are standard regime of 23 hour

lockdowns. Police have worked

through the night trying to defuse tension.

Qantas faces tens of millions Qantas faces tens of millions of

dollars in compensation claims ofrt

mid-air emergency which left 70

people injured. The black box

onboard the Airbus A330 reveals the

plane plunged 650 feet nose down and

and then levelled off before falling

another 400 metres. Qantas says all

passengers will receive a travel passengers will receive a travel

voucher for the value of a Sydney

to London night, as well as

reimbursed for Monday's flight.

Investigators are looking at

whether passenger laptops may have

interfered with the plane's

computer system.

Croatian police have said that Croatian police have said that a

body found in Dubrovnik has key

similarities to missing Melbourne backpacker Britt Lapthorne. Someone

says that that is that of a younger

female with evidence of blonde hair.

But Britt's father says he's been

told by a local detective that that

is incorrect. DNA results will not be

be known. Meantime, a backpacker

who partied with the 21-year-old on

the night she disappeared says he

fears her drink may have been spiked.

A new survey suggests stprailians

have a long way to go when it comes

to understanding mental health.

Research released says that

Australians think that

antidepressants are addictive and

people with depression should not

stand for politics. The survey of

more than 3,000 people says only 7%

recognise anxiety as a major mental

health issue. Despite it affecting

one in four Australians at one in four Australians at some

point in their lives.

Australia's last missing soldier

from the Vietnam war is on his way

home. The casket was loaded on to a Hercules

Hercules aircraft in hon oi last

night. After 38 years, David

Fisher's remains will be returned

to Australian soil to Australian soil today

completing the recovery of the

fourth and last missing Australian

army soldier from Vietnam.

Ford is fastest in the first

practice session for Sunday's barth

hurst 1,000. Craig Lowndes and

Jamie Whincup topped the time sheets

Jason Richards in the quickest Holden. The King of the Mountain has made his final stand. Peter Brock will now spend life

looking out over his beloved Murray's Corner, the 9-time Bathurst winner fittingly with his favourite race car of all - the 1984 winning VK Commodore that conquered Mount Panorama. Peter made Bathurst his own, Nine wins here - absolutely King of the Mountain, and to have something in terms of a memorial for him at his spiritual home is very apt. As Brocky would have wanted then it was straight down to business in preparation for Sunday's great race. The search for speed claimed one early. Jack Perkins trashed the back of his Holden. Up front Mark Winterbottom was third fastest ahead of the dark horses Jason Richards

and former 4-time Bathurst winner Greg Murphy, but 0.10sec quicker were the 2-time defending champs Craig Lowndes and Jamie Whincup. My first time on green tyres around the Mountain so it's put a smile on my face for a while. There's more practice this morning. Qualifying is on the Mountain this afternoon. Tim Hodges, Ten News.

Ricky Ponting has scored his first

ever century on Indian soil to leave Australia in a strong

position heading into day two position heading into day two of

the first Test in Bangalore.

Cameron White was handed the baggy

green before play, but the Aussies Matthew Hayden in the first over. There's been a shout for caught

behind and it's been given.

Pontiff blasted 13 boundaries on

his way to 123. The Aussies will resume for 254.

Finance now and there's been a jump Finance now and there's been a jump

in the jobless rate.

There has. Unemployment has risen 4

opinion 3% in September with the

number of people out of work more

than 20,000. That's the biggest jump

in the unemployment rate in almost seven years.

Obviously in the context of the

global financial difficulties,

this is a good rule. Australia is

still experiencing low

unemployment. Our job market is

still strong. But, Kevin Rudd

admits continued jobs growth will

be more difficult in the future.

To business in brief and China's

iron ore demand is in doubt with

Mount Gibson iron announcing that

customers want to delay shipments. The Bank of Queensland hals

announced a 2% drop announced a 2% drop in annual net profit. New Zealand retail chain, the

Warehouse has dumped its plans to expand into grocerys which leaves

the door open for a Woolworths

takeover. And Balm bls has

takeover. And Balm bls has --

Brambles has struck a deal with

Wall Street to supply the company

with palle it s.

The forecast around Australia today.

An Australian tourist bashed to

death in India. We'll have the

details when the news returns.

This program is captioned live.

This is Ten News. Today - crisis

talks. Treasurer Wayne Swan

prepares for an emergency meeting

of the G20 leaders on the global

financial problem.

Prison riot - dozens of inmates at

a south Australian jail take

control of cell blocks in a protest over conditions.

And in sport, Ricky Ponting answers

his critics with a maiden century

on Indian soil.

A brief check of the weather today.

Shoulds in Brisbane but elsewhere,

dry and mild. All the eastern

capitals in the early 20s. Adelaide

and Perth warmer with 25.

Finance ministers from the world's

biggest economies are preparing to

meet in Washington for an emergency

summit on the global financial

crisis. Treasurer Wayne Swan will

with atend the special G20 meeting along

with finance chiefs from the United

States, Germany, Japan, France,

Britain, Italy and Canada. Ahead of

the meeting, Mr Swan toured the

Stock Exchange and meet with

banking chiefs. It's absolutely

vital that we have some decisive

and co-ordinated international

action to stabilise the system and

to put in place solutions for the

long-term. Leaders are under

growing pressure to hammer out a cross-border plan to help stabilise

global conditions. But the US

Treasurer secretary Henry Paulson

says investors should not bank on a global agreement.

And it could be another dark day on

the markets. Wall Street bounced

back at the open, but has since

plummeted 300 points. It's below

the 9,000 mark and the Central

Banks of South Korea, Hong Kong and

Taiwan have cut their interest

rates in a bid to stabilise the region.

After bailouts, buyouts and rate cuts, Wall Street is still waiting

for the bottom. People think that

this is going to be a quick fix. It

isn't. It's taken us 20 years to

get here and it will take a while

to get out. Now the Bush

Administration is Administration is considering

investing in US banks and taking

an ownership stake. Officials say the authority to do that is

contained in the $700 billion

rescue plan passed by Congress

which the Treasury has been rushing

to implement. We will use all the

tools we've been given to maximum effectiveness, including strengthening the financial strengthening

institutions of every size.

Confidence on Wall Street is still

shaky. That's because despite

efforts by the Treasury and the Fed,

the credit markets remain frozen.

The D osm W did move higher at the

opening -- the DOW did move higher

at the opening bell after reports

from IBM suggested that the credit

crisis may not be crushing business

spending. Overseas found their

footing after a co-ordinated

interest rate drop by several

a nations. Still, getting better looks

a way's off.

And we'll have the rest of today's

finance news, including the surge in the jobless rate coming up shortly.

Heavily armed police are trying to

negotiate with prisoners who rioted

at SA's Port Augusta jail. Dozens

of armed inmates have taken control

control of a high security cell,

angry about cramped conditions and

constant lockdowns. Some have

climbed on to the roof, waving

banners. We never know what day

we're going to get out of the cells.

If we're going to get out of the

cells at all. We get very little

recreation time and yard time. Some

units are a standard regime with 23

hour lockdown. Police have worked

through the night trying to defuse

tension. No injuries have been

Croatian police have denied reports reported.

that a body found in Dubrovnik that a body found in Dubrovnik has

key similarities to missing Melbourne

Melbourne backpacker Britt

Lapthorne. A local newspaper claims

that the body is that of a younger female

female of similar height with

blonde hair. But Britt's father

says he's been told by a local detective that the report is

incorrect. DNA results on the body

will not be known for several days. Meantime, a backpacker who partied

with the 21-year-old on the night

she disappeared says he fears her

drink could have been spiked. He

says Britt wasn't drinking when he

first saw her, but became heavily intoxicated later in the night. Three men have been arrested Three men have been arrested over the death of an Australian man in

after India. 65-year-old John Kelly died

after a bar brawl in the resort

state of Goa. Two waiters and a

security guard have been arrested

on suspicion of murder. An Australian

Australian consular official is

travelling there to confirm the death.

Poor visibility has been confirmed

as the cause of a plane crash in

Nepal which killed a young

Melbourne couple. The Yeti Airlines Melbourne couple. The Yeti Airlines

jet crashed at a small airstrip. Australians Andrew McLeod and Charlene Zumudio were among 18

people killed. It's since been

revealed they had planned to marry.

I haven't told anyone this, but

just before they left, Andrew rang

me and told me that he was going to propose

propose to her when they came back.

He wanted me to go with him to find

a ring. The pilot was the sole

survivor of the crash. USvice-.ial

nominee Sarah Palin is a distant

relative of Princess Diana

Geneology website www.ancestry.com according to a new report.

has released research saying that

the two of 10th cousins, descended

from 17th century ancestors, John

Strong and his wife Abigail Ford. Strong and his wife Abigail Ford.

The research says that Palin The research says that Palin is

related to former US related to former US president Franklin Roosevelt.

Australian cricket captain Ricky

Ponting has snapped his Indian run

scoring drought, recording his

first ever century there.

A wicket in the final over did

wonders for Kahn and India's

confidence. But the day will be

remembered for Ponting's dogged

century. Cameron White became

Australia's 40 2nd Test cricketer

and after so much anticipation,

India struck immediately. Although

Matthew Hayden may have been

unlucky. Ricky Ponting joined Simon

Katich, and while just 75 runs were

made during the first session, it

was all about survival. Great

placement. The early jitters soon

forgotten as the track flattened. Th

century stand. pair oozing confidence in the

COMMENTATOR: Great placement.

Katich departed for 66 but Ponting

continued to his first Test century in India.

COMMENTATOR: He's never made 100 in

India. He's made one now. He

eventually departed for 123, trapped

in front by Harbajan. And Kahn

removed Michael Clarke, to leave

the match evenly poised.

It may be called trade week, but

it's finally come up with a deal

almost to the last few moments.

Port Adelaide midfielder Adam

Thompson the first player to move

clubs. He's joined Richmond in

exchange for a third round draft

pick. There were a few clubs I had a

a meeting with, but we chose a meeting with, but we chose the

Tigers because of the playing group

coming through and a good future.

Sydney's Ryan O'Keefe is yet to

find a new home. Talks between the

Swans and Hawthorn have broken

down. A flurry of deals is expected

or we hope so because the trade

period ends at 2pm today.

Bathurst legend Peter Brock has

been honoured on the eve of the

race. The V8 fraternyit unveiled a

statue to the 9-time winner. Brok

was with his favourite winning car.

On the track, his long-term protege

Craig Lowndes fittingly topped the

time sheets. He and Jamie Whincup

are striving to win it for the

third straight year. The biggest

casualty was Jack Perkins as he

destroyed the back of his father

Larry's Holden across the top of

the mountain.

Finance news and the PM warning the

public not to panic, or is that a plea?

There certainly is quite a bit of that around. Prime Minister Kevin Rudd has called for calm saying

he's confident Australia can

survive a global recession. But he

admits employment growth will be

more difficult in future, with the

biggest jump in the jobless rate in

almost seven years.

Kevin Rudd is staying cool in the face of a global financial meltdown. People running around throwing their hands in the air, talking about nightmares, An International Monetary Fund report predicts

the world economy will suffer a major downturn. While noting that many of the major advanced economies are already in or close to recession, it forecasts ongoing growth for the Australian economy of 2.5% in 2008 and 2.2% in 2009. Kevin Rudd doesn't believe Australia will fall into recession. To continue to grow the economy is critical because that way we can sustain continued jobs growth in the future and that's going to be very difficult given what's happening around the world. In September, Australia's unemployment rate jumped to 4.3%, with the number of jobless up by more than 21,000. Obviously, in the context of the global financial difficulties, this is a good result. The Rudd Government also seized on a report on the soundness of global banking systems. Australia is ranked 4th out of 134. But for Australians relying on superannuation... It's bad, it's really bad. Murray McCloskey, Ten News.

To the market figures in detail now:

Let's have a look at the weather for Friday:

checking the newspaper headlines now - the 'Sydney Morning Herald'

says NRL player Greg Bird has been

criticised for taking a child to

court to deflect questions from the media.

The 'Financial Review' reports the

tough times are being reflected in

a rise in the unemployment rate.

The 'Courier Mail' says older

Australians may be forced to wait until after the next Federal

budget for a long overdue increase

to the pension. to the pension.

Qantas facing quite a hefty compensation bill over the mid-air

plunge. We'll have the details when

the early news returns. GOOD MORNING, I'M FIONA NELSON

BUT FIRST, RAIDER BRONX GOODWIN, HAS FACED COURT, AND WILL PLEAD GUILTY TO TWO CHARGES OF ASSAULT, AFTER A BAR FIGHT EARLIER THIS YEAR. THE 24 YEAR OLD, ALLEGEDLY ASSAULTED TWO PEOPLE AT ALL

PEOPLE AT ALL BAR NUNN IN O'CONNOR, IN JULY, AND HAS NUNN IN O'CONNOR, IN JULY, AND HAS BEEN BANNED

INDEFINITELY BY THE CLUB. TODD CARNEY, WAS ALLEGEDLY INVOLVED IN AN INCIDENT ON

INCIDENT ON THE SAME NIGHT, AND HAS SINCE BEEN N-R-L. CANBERRA'S OWN, MIA (WAS-COW-SKAR)WASIKOWS KA

HAS BEEN CHOSEN TO STAR IN THE NEW TIM BURTON VERSION, TO STAR IN THE NEW TIM BURTON VERSION, OF THE VERSION, OF THE CLASSIC ALICE IN WONDERLAND. THE 18 YEAR OLD, IS SET TO STAR ALONGSIDE ANNE HATHAWAY, AND JOHNNY DEPP... WITH MORE HOLLYWOOD FILMS TO FOLLOW, WHICH WILL HAVE HER ALONGSIDE JAMES ALONGSIDE JAMES BONDS' DANIEL CRAIG, AND HILLARY CRAIG, AND HILLARY SWANK. BUSINESS CONFIDENCE IN THE A-C-T IS HIGHER THIS WEEK, BECAUSE OF THE RESERVE BANKS INTEREST RATE CUT. WHILE SOME BANKS ARE YET TO CUT RATES, OTHERS HAVE

HAVE LOWERED THEIR LOAN RATES, BY AS MUCH AS POINT THEIR LOAN RATES, BY AS MUCH AS POINT - EIGHT PER CENT. THE A-C-T CHAMBER OF COMMERCE SAYS, LOCAL

BUSINESSES ARE HOPEFULL OF A BUSY CHRISTMAS SEASON, AFTER THE BANK'S DECISION TO CUT RATES. BANK'S DECISION TO CUT RATES. AND CANBERRA CAPITALS COACH, CARRIE GRAF, HAS BEEN NAMED THE MOST SUCCESSFUL W-N-B-L COACH OF MOST SUCCESSFUL W-N-B-L COACH OF ALL TIME.

ALL TIME. GRAF, WILL BE HONOURED BEFORE THE CAPITALS CLASH CLASH WITH THE FLAMES FLAMES TONIGHT. AND DESPITE, HAVING COACHED ONLY TWO GAMES SO FAR THIS SEASON, GRAF HAS HAD ONE HUNDRED AND 84 WINS, FROM TWO HUNDRED AND 45 GAMES, A BETTER RESULT THAN ANY

OTHER W-N-B-L COACH. COACH. NOW HAVING A LOOK AT TODAY'S WEATHER... FINE CONDITIONS ARE EXPECTED ACROSS THE REGION

REGION TODAY UNTIL A TROUGH BRINGS ISOLATED SHOWERS AND POSSIBLE THUNDERSTORM.

LOOKING ACROSS THE NATION - A FINE AND MOSTLY SUNNY DAY EXPECTED IN CANBERRA TODAY - THE CHANCE OF AN

CANBERRA TODAY - THE CHANCE OF AN AFTERNOON SHOWER OR STORM FOR SYDNEY CLOSER TO HOME - A POSSIBLE STORM FOR DUBBO TODAY 24

A POSSIBLE STORM FOR DUBBO TODAY 24 THE EXPECTED TOP - MOSTLY SUNNY AND 23 DEGREES FOR WAGGA WAGGA A POSSIBLE STORM FOR BATHURST 21 DEGREES - DEGREES - MOSTLY SUNNY WITH A TOP OF 20 FOR GOULBURN FROST THEN FINE AND 22 FOR COOMA - 22 ALSO THE - 22 ALSO THE EXPECTED TOP FOR FOR PARKES - WINDY AT WINDY AT THREDBO LOOKING AHEAD TO THE WEEKEND, AND EARLY NEXT WEEK - THERE'LL BE A FEW CLOUDS ABOUT, BUT IT'LL BE FINE, OVER THE WEEKEND

AND ON MONDAY WE COULD HAVE A LATE SHOWER This program is captioned live.

This is Ten News. Our headlines

this morning - the crisis summit.

Treasurer Wayne Swan to join

leaders of the world's biggest

economies for emergency talks on

the global market free fall.

The jail house stand off - inmates

seize control of two cell blocks at

a South Australian prison. They're

rioting over conditions.

And in sport, Craig Lowndes and

Jamie Whincup top the time sheets

as they chase three wins in a row

in Mount Panorama.

But first, the global market

turmoil has continued with

European stocks sliding and Wall

Street plunging below the 9,000 Street plunging below the 9,000

mark. For more, I am anticipate

joined live by Juliette Saly from

Commsec. Good morning, the turmoil

is far from over. It certainly is.

US stocks in the red for the

seventh session in a rofplt seventh session in a rofplt Wall

Street bounced initially on the open

open but once again, we've seen

heavy selling in the trade. We have

five minutes left and the Dow Jones

is down about 5.7%, so dipping below

the 9,000 point level for the first

time in five years. Heavy selling time in five years. Heavy selling

also in Europe. London's FTSE index

down by 1%, and the big falls on

Wall Street coinsiding with the

end of the short selling ban. So,

it looks like another dark daip on

our market? It's not looking good

at all for the Australian share

market which yesterday extended its

three year low. Once again, we've

seen oil under pressure and even

gold fall overnight. Although, we

did see a little bit of a spike in

some much the base metal prices.

But it's not looking good. The

Futures pointing to a drop of 160

points or 4% for the local share Stkpwhrb market.

Meantime, Treasurer Wayne Swan is

heading to Washington for an

emergency G20 summit. Finance

chiefs from around the world are

hoping to develop an aggressive and co-ordinated response to the

tush awe lens.

-- tush awe lens. Wayne Swan toured

the New York Stock Exchange. I

think it's fair to say from the discussions

discussions I've had this morning

with the banking community, and

also moving around here at the

Stock Exchange that people still Stock Exchange that people still

see a rocky road ahead. The

Treasurer will head to Washington

for a special G20 meeting with

global chiefs. It's hoped the

leaders will agree on a

continued well into the night. anticipate constantly in lockdown. from the G20 countries. decisive and co-ordinated action absolutely critical that we have stabilise the credit markets. It is cross-border plan to help to We never know what day we're going to get out of the cells, if we were' going to get out of the cells at all. We get very little recreation time. Some units are a standard regime of 23 hour lockdown. The siege began yesterday afternoon with prisoners holding signs reading, "We want to talk". It

South Australia's public service

association agrees that cells are cramped at the jail which holds 360

inmates. So far, no injuries have

been reported.

Croatian police have denied reports

that a body found in Dubrovnik has

key similarities to missing Melbourne backpacker Britt Lapthorne. A local newspaper claims

that the body is that of a that the body is that of a younger

female of similar height with

blonde hair. But Britt's father

says he's been told by a detective

that the report is incorrect. D nsm that the report is incorrect. D nsm

A results on the body will not be

A results on the body will not be

known for several days. Meantime, a

backpacker who partied with the 21-year-old on the night she

disappeared says he fears her drink

may have been spiked. He says

Britt was not drinking when he

first saw her, but became heavily first saw her, but became heavily

intoxicated later in the night.

Qantas faces tens of millions of

dollars in compensation claims over

the mid-air emergency. The black

box onboard the plane reveals that

plane plunged 650 feet notz down,

and then levelled off -- nose down,

and then levelled off before falling

another 400 metres. Qantas says all passengers will receive

passengers will receive a travel

voucher for the value of a Sydney

to London night, as well as

reimbursed for Monday's flight.

Investigators are looking at

whether laptops may have interfered with the plane's

computer system.

Australia's last missing soldier

from the Vietnam war is on his way

home. The casket carrying Special

Air Service private David Fisher

aircraft in was loaded on to a Hercules

aircraft in Hanoi last night. After

39 years, the soldier's remains

will be returned to Australian soil

today. Completing the recovery of

the fourth and last missing

Australian army soldier from Vietnam.

The US presidential race has taken

another turn, with the candidates'

wives speaking out. Cindy McCain

has blasted Barack Obama, while has blasted Barack Obama, while

Obama's wife took a more

non-partisan approach.

It is all hands on deck as the

presidential race heads into the

final stretch. John McCain's wife

Cindy, who usually stays out of the

fray took aim at Barack Obama

fray took aim at Barack Obama for

the first time on the campaign

trail. The day that senator Obama

decided to cast a vote to not fund my son

my son when he was serving, sent a

cold chill through my body. Her cold chill through my body. Her son

is a marine serving in Iraq, and

Cindy McCain charged Obama's no

vote put her son in danger.

Michelle Obama is also making the

rounds, appearing on two talk shows

last night. She told 'The Daily

Show''s joh Stewart that she doesn't think that the voters doesn't think that the voters are

paying attention. I think what the

voters are interested in is the

issues. No-one is asking about this

stuff on the campaign trail.

Ford is fastest in the first

practice session for practice session for Sunday's Bathurst 1,000. Craig Lowndes and

his team-mate Jamie Whincup topped

the the sheets. Jason Richards was in

the quickest Holden. has made his final stand. The King of the Mountain Peter Brock will now spend life

over his beloved Murray's Corner, looking out with his favourite race car of all - the 9-time Bathurst winner fittingly that conquered Mount Panorama. the 1984 winning VK Commodore

you know? Peter made Bathurst his own, absolutely King of the Mountain, Nine wins here - in terms of a memorial for him and to have something at his spiritual home is very apt.

As Brocky would have wanted straight down to business then it was in preparation for Sunday's great race.

The search for speed claimed one early. Jack Perkins trashed the back of his Holden. Up front Mark Winterbottom was third fastest ahead of the dark horses Jason Richards Greg Murphy, and former 4-time Bathurst winner

but 0.10sec quicker Craig Lowndes and Jamie Whincup. were the 2-time defending champs It was a great run. around the Mountain My first time on green tyres for a while. so it's put a smile on my face There's more practice this morning. this afternoon. Qualifying is on the Mountain Tim Hodges, Ten News. Ricky Ponting has

ever Ricky Ponting has scored his first

ever century on Indian soil to leave Australia in a strong

position heading into day two of

the first Test in Bangalore.

Cameron White was handed the baggy

green before play, but the Aussies

lost Matthew Hayden in the first

over. There's been a shout for

caught behind and it's been given.

Ponting blasted 13 boundaries on

his way to 123. Australia his way to 123. Australia will

resume on 4/254.

A rib injury to Michael Crocker has

opened the door for Anthony Tupou's

inclusion in the Australian rugby

league World Cup squad. 2008

Roosters team-mate Craig Fitzgibbon

was surprised by his selection. At

the start of the year if you asked

me what was going to happen

throughout the year, probably two

things I wouldn't count on was playing Origin and playing Origin and playing for

Australia. All six of Manly's

Kangaroos were passed fit. They'll

take their place in the green and

gold later this month.

Finance now and there's been a Finance now and there's been a jump

in the jobless rate?

I think it might be a sign of

things to come. Unemployment has

risen 4.3% in September with the

number of people out of work more

than 21,000. That's the biggest jump

in the unemployment

in the unemployment rate in almost

seven years. Obviously in the

context of the global financial

difficulties, this is a good result.

Australia is still experiencing

low unemployment. Our job market is

still strong. But Kevin Rudd admits

continued jobs growth will be more

difficult in the future.

iron ore To business in brief and China's

iron ore demand is in doubt iron ore demand is in doubt with Mount Gibson Iron announcing

Chinese customers want to delay

shipments. The Bank of Queensland

unveils a net drop to $1236 million.

New Zealand retail chain the Warehouse

Warehouse has dumped its plans Warehouse has dumped its plans to

expand into groceries. And Brambles

have struck a new deal with have struck a new deal with US supermarket giant Wal-mart to supply the company with pallets.

The weather forecast around Australia now:

Recapping our main story today, it's expected to be another dark day on

the markets after Wall Street

plunged over 5% overnight. Stocks

have now fallen below the 9,000

mark for the first time in years. mark for the first time in five

the And of course, we'll have more on

the developments throughout the day.

That's it for Ten News. Goodbye for

now. Good morning.

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