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Ten Early News -

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(generated from captions) Treasury officials back the

Government's plan.

NSW and SA residents warned to

brace for more temperatures. We

can't do it. OK, which runway would

you like. The voice recordings from

the cockpit of Flight 1549 moments

before it made its dramatic landing

in New York's Hudson River.

And in the business world,

Macquarie bank say it is has Macquarie bank say it is has enough

cash to get through 2009 despite job losses. There is a clear case fiscal stimulus. for a very substantial Treasury officials told senators rescue package the success of the economic interest rate cuts. linked to further The weakness in aggregate demand in the Australian economy, that we are confronting reductions in interest rates calls both for very substantial

stimulus. and very substantial fiscal and premiers Earlier the Prime Minister began carving up $30 billion and community housing. set aside for schools, roads heads and knocking skulls together This is going to require us cracking on the ground. to make sure it happens as soon as possible, The leaders agreed to start spending and family incomes. to boost construction activity equivalent of war. What we face is the economic The Prime Minister's confident nation-building and jobs plan. the Senate will pass his make unpopular decisions It's not often politicians but we intend to vote against $42 billion stimulus package. Kevin Rudd's its campaign The Coalition has ramped up a generation destined to pay with an emotive poster representing for the Government's borrowing. Murray McCloskey, Ten News.

And the head of Westfield shopping

empire, businessman frank Lowy has

given his support behind the

stimue lulls plan. He heaped prays

on Mr Rudd saying that it was a response to the response to the economic meltdown.

The night attracted a host of dignitaries.

A man has died after his car struck a tree in Melbourne a tree in Melbourne overnight.

Police say that the 35-year-old

driver was travelling on a main

road in break lin when he lost control. Emergency services were called.

called. Police are investigating called. Police are investigating

if speed was a factor in Police are investigating Police are investigating the

overnight deaths of two people in

Sydney's Inner West. A family

member discovered the bodies of a

man and a woman in Five Dock just

after 10:00 it's not known how the

couple died and a report is being

prepared for the coroner.

A violent road rage attack in

Victoria has been captured on

video. A woman filmed as her

husband scuffled with another

driver who then attacked her when

he saw the camera. One man was

punched in the face after the other

man pushed him down an embankment. man pushed him down an embankment. Bystander eventually broke up the

fight. Both drivers have reported

the incident to police who are

using the vision to investigate.

The very damp residents of far

North Queensland are ke recovering

from weeks of rain. Ingham has been hardest

hardest hit with residents

evacuated. Joining me is Sarah

Horsley from Ten. What's the

latest from the region? Yesterday's

temporary reprieve seems to have

been just that. It's raining again

in Ingham. The bureau says that

around 20mm has fallen here, not around 20mm has fallen here, not

enough to do too much damage but enough to do too much damage but

certain lip rain all the same. Many

homes are still isolated, dozens

of homes cut off making it of homes cut off making it very

hard for anyone to get in and

around town. The Federal Government says it is providing money for

food, accommodation and hardship.

Is there any sign of the assistance

coming through yet? It's too early

to tell yet. Thousands of residents

are trapped inside the homes with no

the way of getting in or out to assess

the damage. Emergency workers and

SES volunteers are going around in

boats to the worst-affected areas

delivering medical supplies and

food, and the Premier will also see

the damage for herself when she

arrives in Ingham today. What's the

latest weather forecast for the

region? Well, the good news is the

two lows that we have been watching

off the coast have weakened

overnight, but with the monsoonal trough

trough still in the north, anything

could happen. There's still more showers on the radar and that showers

trough is expected to move south at

some stage later on and dumping

more heavy rain in North Queensland. OK, thank you for your time.

And as the North continues to

battle floods, the south of the

country is preparing for more heat

waves. Parts of NSW and SA waves. Parts of NSW and SA are being warned of extreme

temperatures this weekend.

As if it weren't hot enough already

in Adelaide. The next two days are

fairly critical as we go back into

extreme weather conditions. 600

people have fallen victim to the

scorching sun, rushed to crowded

hospitals. As the mercury again

hits the 40s, doctors warn the

death toll could easily death toll could easily rise.

There are ongoing effects,

especially for those who are

elderly and infirm with conditions

like cardiac and kidney disease.

The heat is so intense, it's The heat is so intense, it's

brought down as many trees as

humans. Some of them are

significant old trees, are in fact

just giving up and falling over.

Those hot, humid conditions are now

impacting on parts of NSW. 30,000 impacting on parts of NSW. 30,000

are expected to cram the sand at

Bondi beach this weekend when Bondi beach this weekend when the

temperature nudges 44. But

emergency services warn the safest

place to beat the heat is in shade.

If you're planning any recreational

activity, sporting or recreation am

activity, think about cancelling it

for this weekend. The bureau says

we'd better get use today it. The

likelihood of heat waves is going

to increase with to increase with time.

For the first time since the US

Airways plane was forced to make

an emergency landing in New York's Hudson River, we're hearing the

conversations from the flight deck. Pilot Chesley Sullenburger remained

calm as he radioed air traffic

controllers realising he wouldn't

make it to an airport.

Despite freezing temperatures, all

155 people onboard survived.

Federal officials confirmed birds Federal officials confirmed birds

were in both engines releasing a picture of one of the feathers.

Reports have surfaced of a dressingroom stoush between two of

Australia's inform Test batsmen.

It's emerged Michael Clarke and

Simon Katich were involved in a

physical altercation after the

Sydney Test over the signing of the

singing of the team's song. It's

believed Clark wanted the song

sung early so he could join friends

at another function. Katich is

believe today have grabbed Clarke by

the throat. Both players say they've moved on. Meantime, selectors

selectors have finally named the

14-man squad to tour South Africa.

Phillip Hughes chosen to partner

Katich at the top of the order. A major honour marked with a major milestone - at 20 years of age Phillip Hughes is set to become the youngest Test debutant since Craig McDermott in 1984. Just very honoured to be named in the 14 at such a young age, and just very happy. Hopefully, he doesn't find it tough. Hopefully, he adapts to it really quickly and everything that he's probably shown and indicated

with his first-class cricket over the last couple of years would suggest that under pressure and in big moments to stand up and do the job. he's tended

Bryce McGain's also set to tour - the leg-spinner fit and ready to earn a baggy green. that I've got another chance. There's a lot of hard work that I had to do between getting injured in India, and getting to where I am now, and I lot of that, I guess, is tucked away in the gym, and you know, pretty boring stuff. Fellow Victorian Andrew McDonald has retained his place, but faces competition for the all-rounder's spot. WA's Marcus North is also packing his bags. Andrew Symonds was back at cricket headquarters for his latest stint of sporting rehabilitation - selectors concede but like his career, Australia's time at the top is in a fragile state. It's going to be a tough 12 months, there's no doubt about that. But from our perspective it's moving forward.

Jeremy Arnold, Ten News.

Cousins kutz has caused a stir in

his first -- Ben Cousins has

caused a stir in his first

competitive match for Richmond. It

was a competitive match, but 2,000

Tigers fans came along to see him

in action. Not in my time, I haven't seen this many people in a

club match. The 30-year-old will

not play in a preseason comp

focusing on Chris Judd.

Finance now and this would have

been unthinkable a year ago. Hard

time at the so-called millionaire's factory.

That's right, but Macquarie Group

has enough cash to cover its debts

despite forecasting its first

annual profit fall in 17 years.

Macquarie, Australia's biggest

investment bank revealed that it

had shed jobs. The group expects to

write down debts on poor assets.

The Bank of England has cut its

main interest rate by 0.5% to just

1% now and could go even further.

It's already at the lowest point

since the bank was established 315

years ago. The IMF says the British

economy could shrink 2.8% this year. In

In other business news,

Suncorp-Metway has revealed a

massive hike in bad debts that

could sink its profits by 45%. Foil

The Chinese company which has won

control of Perilya won't rule out

other Australian acquisitions.

Lend Lease shares hit a 20-year low.

And One Steel says more job cuts

will follow after it swung the will follow after it swung the axe on its management team to reduce costs.

The plan by the Obama

administration to shore up the

financial system in the US has

given investors hope and that's

given a mostly positive day on

Wall Street.

To the weather numbers now and the

heat wave continues with most

capitals set to swelter.

After the break, more of that

dramatic cockpit recording from the

plane which crash landed into New York's Hudson River. This program is captioned live.

Good morning. Our top stories today Good morning. Our top stories today

- Canberra continues to battle over

the stimulus package and the

Treasury back it is and calls for further rate further rate cuts.

The clean-up continues for flood-ravaged far North Queensland with almost 3,000 homes damaged in

Ingham alone.

We can't do it. OK, which runway

would you like?

The dramatic last moments before

Flight 1549's dramatic landing in

the Hudson River.

And reports surface of a physical

altercation between two of

Australia's top cricketers after the

the Sydney Test. First

First though, Kevin Rudd's

proposed $42 billion stimulus

package will be put under the microscope. Federal and State

leaders have begun a series of

meetings carving up $30 billion

set aside for schools, roads and

community housing. This is going

to require us cracking heads,

knocking skulls together to make

sure it all happens on the sure it all happens on the ground.

The Prime Minister and Premiers

agreed to start spending as soon as possible to boost construction and

family incomes.

Meantime, a key Treasury official

has linked the success of the Rudd

Government's $42 billion package

for the need for interest rate cuts.

Treasury Secretary Ken Henry has

suggested that the plan must be

accompanied by lower interest rates.

The weakness in aggregate demand

that we are confronting in the Australian economy calls both for very substantial reductions in

interest rates and very substantial

fiscal stimulus. Doctor Henry was

one of the first witnesss to appear

in an ongoing inquiry into the

Government's latest round of

stimulus measures.

The Queensland Premier will today

visit the flood-ravaged town of

Ingham. The flood waters have

tarted to ease but more heavy rain

hit the town overnight and there's

more on the way. Muddy lines on houses prove that while most of

Ingham is still under way, the

levels have started to ease. Up to

the deck it was, so yeah, about up

to the shoulders. The heartache to the shoulders. The heartache

though has only just begun. The

extent of the damage will only

become apparent as the water recedes

recedes further. Around 50 recedes further. Around 50 people

are still under able to return to

their homes after evacuating to

the local school. Things started to

float around and we were starting

to have big problems with power and

worrying about someone getting

electrocuted, so safety first. But it may be some time before they

sleep in their own beds, and before

any real clean-up effort can begin.

They wouldn't get in for at least

another week, I'd say Sunday

minimum. Until then, those with

boats are the most popular in town.

I'm pretty tired because I go from

house to house and there's people who

who want a lift to go from A to B.

Many residents took a break from

the rain to prepare with

predictions of more to come.

Stocking up. While the chance of a

cyclone developing is now less

likely, heavy rain will still

affect the region over coming days.

Two men have been seriously injured

in two separate assaults in

Melbourne. Police say one man was

stabbed in the stomach with a knife

after a fight broke out outside

McDonalds in St Kilda. Two men have

been arrested a second scuffle

across the road at the same time

left another man with serious facial injuries. Both victims are

in hospital.

Queensland rail unions are today

decide if the planned strike next

week will affect peak hours. Train

drivers voted to take industrial

action from Wednesday after negotiations over rosters broke

down. The stoppages could affect all

city and travel train services,

including the tilt train.

Passengers will be given five days

notice. It will be a terrible inconvenience, but we believe we've

been pushed into a corner. The

State Government says it's

confident it can alert the stoppages Cockpit Cockpit recordings have been

released from the moments before a

US Airways plane was forced to land

land in New York's Hudson River.

It's been almost a month since the

tragedy where 150 people survived Just minutes after take off, the

pilot of US Airways 1549 rode that

he was in Soon

after that transmission, captain

Chesley Sullenburger and his crew

determined they couldn't make it

back to the airport, so they

started looking for a nearby airport.

After quickly surveying what was

below, the pilots decided there

was no way to make it to was no way to make it to any airport.

The jetliner came down here in the

middle of the freezing Hudson

River, with the help of ferries and

rescue boats, all 155 people

onboard survived. The pilot and

the entire crew are being hailed as

heroes and the tapes show how cool

the pilots were under pressure.

Reports have have surfaced of a

dressingroom stoush between two of

Australia's inform Test batsmen.

It's emerged Michael Clarke and

Simon Katich were involved in a physical altercation over the singing of the team's song. It's

believed Clarke wanted the song

sung early so he could leave and

join friends and family at another

function. Katich is believed to

have grabbed Clarke by the throat.

Both players say they've moved on.

Mean tile, Clarke has once again

turned his back on the riches of

the Premier League. Clarke is one

of the few top players to choose

rest and national duties over rest and national duties over the annual tournamentment I certainly

want to be a part of it at some

stage, but the decision was made for what my priorities are right

now. With Ricky Ponting being

rested, Clarke are lead Australia

in today's one dayer against New

Zealand at the MCG.

NSW has continued its impressive

Super 14 preseason form with a

3-point win over the brumbies.

Kurtley Beale led for the Waratahs.

The fly half helped the home side to

to a sp-0 advantage when he

pounced on a grubber from Daniel

Halangahu. The brumbies scored

late tries but it was too little

too late.

To finance now and a fairly slow start on Wall Street.

That's right, it's time now for the

weekly check of what's making news

on Wall Street, and joining us live from New York is Alexis Christoforous. The market is a little more upbeat at the moment,

but it's been another rollercoaster

ride this week. It has indeed. ride this week. It has indeed. A

real see-saw rise for Wall Street.

Investors are in a buying mood and

that's despite more bad economic

news. We learn that the

unemployment lines keep growing,

625,000 workers applied for

unemployment benefit. And Cisco

Systems predicts that revenue will

fall as much as 20% this fall as much as 20% this quarter,

and it's not just the US that's

suffering. Germany's doich bank

said it lost more than $4 billion this quarter and slashed its

dividend. And as expected, the Bank of

of England cut its interest rate to

an all-time low of 1%. It's been a

slow road to home. President Obama's stimulus package seems to

be getting bigger all the time. What

effect is that having? Crawling is

the right word. Wall Street is

hopeful that the now $900 billion

stimulus plan will get past the

Senate. Republicans said that the

plan is heavy on too many

democratic projects and not enough

tax cuts. President Obama pushing

hard for the compromise . It's

a white knuckle ride for the past

week. What can we expect in the

week ahead? The bigy is going to be

the January jobs report due out in

the morning. It's expected to show

the unemployment rate jumped to

7.5%. We're bracing for 500,000 jobs

jobs lost last month.

Now to business in brief and figures have revealed Macquarie

bank reduced its staff numbers by

more than 1,000 in the four months

to January.

The Bank of England has cut its

rate to the lowest level since it

was established way back in 1694.

Let's check just how hot it's going

to get across the country today:

After the break, Australia's newest

high profile centenarian to be the

guest of honour at a big birthday bash. Live Our top stories today, the battle for the cash bonuses

continues on. The Senate continues

to bat as Treasury officials

continue to back the package.

Get ready to sweat, the southern

States brace for more extreme

temperatures including a record bushfire threat.

We can't do it. Which runway would

you like? That's the moment the captain of Flight 1549 realised he

wasn't tkpg to make it back to the

airport and heed for the river.

And in finance, the so-called

millionaire factory, Macquarie Bank

confident it can weather the storm despite

despite profit losses.

But first today, further scrutiny

of the Rudd Government's $42

billion economic stimulus will

continue in Canberra this morning.

A senate inquiry has already heard from Treasury officials who from Treasury officials who warned

of the urgent need for the

big-spending rescue plan. Treasury Secretary Dr Ken Henry was one of the first to be grilled at the inquiry. There is a clear case for a very substantial fiscal stimulus. Treasury officials told senators it was important that action be taken now to protect jobs, the success of the economic rescue package linked to further The weakness in aggregate demand that we are confronting in the Australian economy, calls both for very substantial reductions in interest rates and very substantial fiscal stimulus. Earlier the Prime Minister and premiers began carving up $30 billion set aside for schools, roads and community housing. This is going to require us cracking heads and knocking skulls together to make sure it happens The leaders agreed to start spending as soon as possible, to boost construction activity and family incomes. What we face is the economic equivalent of war. The Prime Minister's confident the Senate will pass his nation-building and jobs plan. It's not often politicians make unpopular decisions but we intend to vote against Kevin Rudd's $42 billion stimulus package. The Coalition has ramped up its campaign with an emotive poster representing for the Government's borrowing. Murray McCloskey, Ten News.

A man has died after his car struck

a tree in Melbourne overnight.

Police say the 35-year-old driver

was travelling on a main road in

Brooklyn just after 9:00 when he lost

lost control and veered off the road. Emergency services were called

called but he died at the scene.

Police are investigating if speed

and alcohol were factors in the crash.

The very damp residents of far North Queensland are recovering

from weeks of rain which has left

more than half the State under

water. Ingham has been hardest hit

with 2,900 homes flooded and 50

residents evacuated. Joining me

from there is ten's Sarah Horsley.

What's the latest in the region?

It really is getting very wet.

Another wet night in Ingham. We've

had to put on the rain coats again.

I can tell you, it's not enough to

cause too much damage, but the last

thing residents will want to wake

up to this morning after a month of

rain. Spirits are still high here

with the community pulling together

and doing what it can just to get

through this. The Federal Government says it will provide money

money for food, accommodation etc,

but is there any sign of the assistance coming through yet? Very

early to tell. The flood water is

dropping, but there's still parts of

the town that are two or three

metres unwater. It will take time

before residents and the council can get in and assess the damage,

but certainly the SES and emergency

workers are doing what they can to get

get food and medical supplies to

affected residents. The Premier

will arrive in Ingham today to

assess the damage for herself, but

two thirds of Queensland is now disaster declared.

And finally, what's the latest on

the weather forecast for the region

today? Well, a cyclone is looking

less and less likely which is the

good news. Thots two lows that we

were watching have weakened again

overnight, but in the north, this

monsoonal trough is still there and

it's likely to move south, and if

it does that, it will dump more

heavy rain in North Queensland. Not

what the Ingham residents need hear, what the Ingham residents need to

hear, but thank you for your time.

And as the north continues to battle battle floods, the south of the

country is preparing for more heat waves.

waves. Victoria reportedly faces waves. Victoria reportedly faces a

bushfire risk worse than bushfire risk worse than ash

Wednesday in 1983. Parts of SA and

NSW face extreme temperatures.

As if it weren't hot enough already

in Adelaide. The next two days are

fairly critical as we go back into

extreme weather conditions. 600

people have fallen victim to the

scorching sun, rushed to crowded

hospitals. As the mercury again

hits the 40s, doctors warn the

death toll could easily rise. Are

ongoing effects, especially for

those who are elderly and infirm

with chronic conditions like cardiac disease. The heat is so

intense, it's brought down as many

trees as humans. Some of them are

significant old trees, are in fact just giving up and falling over.

Those hot, humid conditions are now

impacting on parts of NSW. impacting on parts of NSW. 30,000

are expected to cram the sand at

Bondi beach this weekend when the

temperature nudges 44. But

emergency services warn the emergency services warn the safest

place to beat the heat is in the

heat. If you're planning any

recreational activity, sporting or

recreational activity, think about

cancelling it for this weekend. The bureau says we'd better get used

to it. The likelihood of heat waves

is going to increase with time.

For the first time since the US

Airways plane was forced to make

an emergency land not guilty New York's Hudson River, we're hearing

the conversations from the flight

deck. The pilot Chesley Sullenburger remained calm as he

radioed air traffic controllers

realising he wouldn't make it to an airport. Skhreefr Despite freezing

temperatures, all 155 people

onboard survived. Federal

officials confirmed birds were in both

both engines, releasing a picture

of one of the feathers.

The head of Westfield shopping

empire Frank Lowy has given his

support to the Prime support to the Prime Minister's stimulus plan. He spoke stimulus plan. He spoke at

Australian American association

dinner last night. He heaped praise

on Kevin Rudd saying that it was a

good night. Rupert Murdoch's mother will be Rupert Murdoch's mother will be the

guest of honour this weekend at a

family party to celebrate her

birthday. She is the matriarch of four generations of Murdochs. four generations of Murdochs. She

was made a dame by Queen

was made a dame by Queen Elizabeth

II in 1963 in recognition of her charitable work for Melbourne's Royal children's hospital.

The world am famous Sapporo snow

festival has begun in Japan. It's

the 60th anniversary which was bep

gun by school students in a local

park. This week, people will brave

the ice and snow to see the ice

blocks, some of they will bigger

than office buildings. Reports have surfaced of Reports have surfaced of a

dressingroom stoush between two of Australia's inform batsmen. It's

emerged Michael Clarke and Simon

Katich were involved in a physical altercation after the Sydney Test

over the singing of the team's song.

It's believed Clarke wanted the

song sung early so he could leave

and join friends and his fiancee at

another function. Katich is believed

believed to have grabbed Clarke by

the throat. Both players say

they've moved on.

Meantime, selectors have named the

14-man squad to tour South Africa.

20-year-old New South Welshman

Phillip Hughes set to partner Katich. A major honour marked with a major milestone - at 20 years of age

Phillip Hughes is set to become the youngest Test debutant Just very honoured to be named in the 14 at such a young age, and just very happy. Hopefully, he doesn't find it tough. really quickly Hopefully, he adapts to it he's probably shown and indicated and everything that

over the last couple of years with his first-class cricket under pressure and in big moments would suggest that to stand up and do the job. he's tended Bryce McGain's also set to tour - and ready to earn a baggy green. the leg-spinner fit that I've got another chance. I'm grateful that I had to do There's a lot of hard work and getting to where I am now, between getting injured in India, is tucked away in the gym, and I lot of that, I guess, and you know, pretty boring stuff. Fellow Victorian Andrew McDonald has retained his place, but faces competition for the all-rounder's spot. WA's Marcus North is also packing his bags. Andrew Symonds was back at cricket headquarters for his latest stint of sporting rehabilitation - but like his career, selectors concede is in a fragile state. Australia's time at the top It's going to be a tough 12 months, there's no doubt about that. But from our perspective it's moving forward. Jeremy Arnold, Ten News. Ben Cousins has caused a stir the first competitive match for Ben Cousins has caused a stir in

Richmond. It was only a inter-club

practice match, but almost 2,000

Tigers fans came along to see the

former Eagle in action. Not in my

time, I've been in the game for 25

years and haven't seen this many

people. He will not play in the

preseason comp, instead focusing preseason comp, instead focusing on

a come back against Carlton and

former team-mate Chris Hard times at the so-called former team-mate Chris Judd.

millionaire's factory.

This is true, Macquarie Group says

it has enough cash to cover its

debts, despite its first debts, despite its first annual

profit fall in 17 years. Macquarie

revealed it had shed more than

1,000 jobs in the past four months.

The group expects to write down

$1.5 billion on bad debts and poor assets.

The credit crunch has led to what

anticipates been an historic day in

London. The Bank of England has cut

its interest rate by 0.5% to 1%,

that's the lowest point since the

bank was established 315 years ago.

The IMF says the British economy

could shrink by 2.8%. The plan by the Obama administration to shore

up the administration has given

investors hope and that will show a positive change. The Dow Jones

showing 14 it. A less than inspiring session for European

markets, London flat despite markets, London flat despite the

rates. Bank of England's landmark move on

To the currencies:

A quick look at the weather for this Friday: Checking thising's newspaper

headlines now, the 'Sydney Morning

Herald' says Sydney investor Steven

Spencer is one of a number of

Aussies stung by US Madoff. Aussies stung by US fraudster

And more on Suncorp boss resigning

after a bigger than expected blowout

in the company's bad debts.

The 'Herald Sun' leads with the alleged fight between Michael Clarke and Simon Katich.

After the break, the hunt for the

Nazi they called Dr Death is

finally called off. NELSON... GOOD MORNING, I'M FIONA

POLICE STATION, IS NOW BUT FIRST, THE GUNGHALIN OPERATING 24 HOURS A DAY. CORBELL SAYS, 24 NEW A-C-T POLICE MINISTER SIMON IN GUNGHALIN, TO STAFF THE OFFICERS, WILL BE STATIONED STATION AROUND THE CLOCK. THE GUNGHALIN STATION ALSO AS WELL AS MORE OFFICERS, HAS TWO NEW POLICE CARS, TO COPE WITH DEMAND, IN THE GROWTH AREA, IN THE CITY'S NORTH. THE PUBLIC SERVICE WORKERS UNION, IS CONCERNED THAT THE A-C-T GOVERNMENT, IS PLANNING TO MAKE BUDGET CUTS, TO COPE WITH THE FINANCIAL CRISIS. SECTOR UNION' SAYS, CUTTING THE 'COMMUNITY AND PUBLIC HAVE A HUGE IMPACT, ON THE COSTS IN THE CAPITAL, WILL PUBLIC SERVANTS, AND THE DAY TO DAY OPERATIONS OF QUALITY OF LOCAL SERVICES. GOVERNMENT THINKS THERE ARE THE UNION SAYS, IF THE AROUND DOING NOTHING, IT'S PUBLIC SERVANTS SITTING MISTAKEN. HAS BEEN FOUND NOT GUILTY, A 31 YEAR OLD CANBERRA MAN, GIRL IN LYNEHAM, IN TWO OF ASSAULTING A 17 YEAR OLD THOUSAND AND FIVE. HOLT, WAS ACCUSED OF BENJAMIN JAMES FORBES FROM KNIFEPOINT, NEAR THE ASSAULTING THE GIRL AT YESTERDAY, FOUND NOT LYNEHAM SHOPS... BUT HE WAS GUILTY. JAIL FOR ANOTHER ASSAULT, FORBES, IS SERVING TIME IN WHICH OCCURRED DURING THE SAME YEAR. AND KIDS AROUND THE CAPITAL, CAN COME AND ENJOY COME AND ENJOY A FREE HOCKEY CLINIC THIS WEEKEND, WITH BOTH THE KOOKABURRAS MEN'S SIDE, AND BELGIUM, PLAYING IN THE CAPITAL THIS WEEK. THE CLINIC, IS HAPPENING AT THE LYNEHAM HOCKEY CENTRE,

FROM NINE A-M ON SATURDAY. NOW CHECKING TODAY'S WEATHER... FINE CONDITIONS WILL PERSIST IN THE REGION WITH TOP TEMPERATURES ARE THROUGH TO THE WEEKEND, BUT

EXPECTED TO RISE. TOMORROW - SHOULD BE FINE LOOKING ACROSS THE NATION -

MOSTLY SUNNY IN SYDNEY - AND SUNNY IN CANBERRA - MELBOURNE AND SOME MORNING CLOUD FOR HAPPENING ACROSS SOUTHERN CHECKING OUT WHAT'S SUNNY WITH AN EXPECTED TOP NEW SOUTH WALES - MOSTLY WAGGA OF 41 FOR BOTH DUBBO AND BATHURST - 32 DEGREES FOR MOSTLY SUNNY AND 36 FOR

WITH 26 BOWRAL - WINDY AT PERISHER MUDGEE TODAY - 42 FOR 38 DEGREES ON THE WAY FOR THREDBO PARKES - MOSTLY SUNNY FOR SHOULD BE FINE AND SUNNY LOOKING AHEAD - TOMORROW - AND SUNNY WITH A TOP OF 39 SUNDAY - WE'LL HAVE A FEW CLOUDS ABOUT

AND WE COULD GET AN AFTERNOON SHOWER ON MONDAY

.

Top stories, Canberra's battle over

the stimulus package goes into the

second day, eeb even as the

Treasury calls for further rate

cuts. Noim The Clean-up continues

in far North Queensland. The

Premier to inspect some of the

3,000 homes damaged in Ingham. We

can't do it. Which runway would you

like? The dramatic last moments before flight 1549's emergency landing into New York's Hudson River.

And reports are emerging about a

physical set involving two of Australia's top level cricketers in

the dressingroom after a Sydney First though, Kevin Rudd's Test. Test.

proposed $42 billion economic stimulus package will continue stimulus package will continue to

be put under the microscope in

Canberra today. The Government

isn't waiting around. Federal and

State leaders have begun a series

of meetings carving up $30 billion

for schools, roads and community

housing. This is going to require

us cracking heads, knocking skulls

together to make sure that all

happens on the ground. The Prime

Minister and Premiers agreed to

start spending as soon as possible

to boost construction activity and

family incomes.

Meantime, a key Treasury official

has linked the success of the Rudd Government's $42 billion package to

the need for more rate cuts. The

Treasury Secretary Ken Henry has

suggested the rescue plan must be

accompanied by lower interest rates.

The weakness in aggregate demand

that we are confronting in the

Australian economy calls both for

very substantial reductions in

interest rates and very substantial

fiscal stimulus. Dr Henry was one

of the first witnesses to appear in

an noiry of the latest round of of the first witnesses to appear in

the

the Government's stimulus the Government's stimulus measures.

The Queensland Premier will today

visit the flood-ravaged town of

Ingham in the State's north. The

flood waters have started to ease,

but more heavy rain hit the town overnight with more on the way.

Muddy lines on houses prove Muddy lines on houses prove that

while most of Ingham is still under water, the levels have started to

ease. Up to the deck it was, so

yeah, about up to the shoulders.

The heartache though has only just

begun. The extent of the damage

will only become apparent as the

water reseeds further. Around 50

people are still unable to return

to their homes after evacuating to

the local school. Things started to

float around and we were starting

to have big problems with power and worrying about someone getting

electrocuted, so safety first. But

it still may be some time before

they sleep in their own beds and

before any real clean-up effort can

begin. They wouldn't get in for at

least another week, I'd say least another week, I'd say Sunday minimum. Sunday or Monday or

Tuesday. Until then, those with

boats are the most popular in boats are the most popular in town.

I'm pretty tired because I go from

house to house and there's people

who want a lift to go from A to B. Many residents took advantage of a

break of the rain to prepare with

predictions of more to come. predictions of more to come.

Stocking up. While the chance of a

cyclone develop something now less

likely, heavy rain will still

affect the region over coming days.

Parts of NSW and SA are being

warned to brace for still more

soaring temperatures this weekend.

The heat wave will continue for

Adelaide with the mercury expected

to rise in the 40s again. NSW will

also feel the heat with record

temperatures in the 40s forecast.

An extreme bushfire risk also

exists for Victoria.

Two men have been seriously injured

in two separate assaults in Melbourne. Melbourne. Police say one man was

stabbed in the stomach with a knife

after a fight broke out after a fight broke out outside McDonalds in St Kilda around 1:30 this

this morning. A second scuffle across

across the road at the same time

left another man with serious

facial injuries. Both victims are in hospital.

Queensland rail unions will today

decide if their planned strike next

week will affect peak hour services.

Train drivers voted to take

industrial action from Wednesday after

after negotiations over rosters

broke down. The stoppages could

affect all city and travel train

services, including the tilt train.

To be given five days notice, it will will be a terrible will be a terrible inconvenience, but we believe we've been pushed but we believe we've been pushed The jetliner came down back there into a corner. The State Government says it's still confident it can avert make it back to the airt, so they started looking for a nearby airport. After quickly surveying what was below, the pilots decided there was no way to make it to any airport.

in the middle of the freezing

Hudson River, with the help of

ferries and rescue boats, all 155

people onboard survived. The pilot

and the entire crew are being

hailed as heroes and the tapes show

how cool the pilots were under

pressure.

There's new evidence this morning

into the death of Dr Death. A team

of German of German journalists claim that he

died in Egypt in 1992. They believe

he spent 30 years living in Cairo

before succumbing to cancer aged

78. Dr Death was charged with the murders

murders of hundreds of inmates at an Austrian concentration camp.

He's been listed as missing since

1962, evading police who were

preparing to prosecute him. preparing to prosecute him.

Reports have surfaced of a

dressingroom stoush between two of

Australia's in-form Test batsmen.

It's emerged Michael Clarke and

Simon Katich were involved in a physical

physical altercation after the

Sydney Test over the singing of a

team song. It's believed Clarke

wanted the song sung early so he

could leave and join friends and family at another function. Katich

is believed to have grabbed Clarke

by the throat. Both players say by the throat. Both players say

they've moved on.

Meantime, Clarke has once Meantime, Clarke has once again

turned his back on the riches of the Indian Premier League. Clarke

is one of the few top players in

Indian cricket to choose rest and

national tuetys over the lucrative

annual tournament. I certainly want

to be part of it in the future but

not right now. With Ricky Ponting

being rested, Clarke will lead

Australia in today's one Australia in today's one dayer

against New Zealand at the MCG. NSW

NSW has continued its impressive

Super 14 preseason form with a

3-point when over the brumbies in Sydney.

The half fly helped the

home side to a 17-0 advantage when

he pounced on a grubber from Daniel Halangahu. The brumbies scored Halangahu. The brumbies scored a couple

couple of late tries, but it was

too little too late. NSW home 17-14.

Wall steet hasn't been able to make

up its mind if he wants to go down

with the news. Joining me to tell

us all about it is Juliana Roadley from

from Commsec. It's been another up and down day on Wall and down day on Wall Street. and down day on Wall Street. It's

been that sort of week. It looks OK

at the moment. It does, you've got

the DOW up and the NASDAQ the DOW up and the NASDAQ up 31

points. It looks like it will

stabilise into the close there.

They're looking like they're

pushing aside the weak economic

data and weak factory orders and

the retail sales numbers which

weren't that great. And also the

number of jobless claims that did

increase for the last week now at 26-year highs. The 26-year highs. The market looking

for gains and they found that in

the tech stocks and also the banks

not doing too badly. The Australian

Government stimulus package, has

that affected our market? We're not

seeing it flowing through to the

markets at the moment, although you would

would want to be a tax kptant.

There's a lot of talk of people

coming through. If we get the money

through, we're going to see a big through, we're going to see a big

ramp up in retail spending, so that will

will help the retailers and also, hopefully boosting our tourism market before Easter. How does it

look like we'll end our week? Well,

ssm PI has our markets set to open

50 points higher. A mixed bag

coming through in the miners

because of the metal prices

overnight. The gold price is

making OK gains. Yesterday was all

about weakness in the banks. Hopefully they'll turn around again today today and the Aussie dollar is

stronger so that will give joy to

some of the importers especially.

Thank you very much.

To business in brief now:

That's all in finance. Plenty there

and we've also got the RBA's

monetary statement.

Thank you for that. Let's take a

look at the weather forecast for the weekend now.

That's it for Ten News. Don't

forget 9am with David and Kim. The Morning News starts at 11am and

we'll wrap up the we'll wrap up the day in news we'll wrap up the day in news at

Ten News at 5:00. Have a lovely

weekend. Start it with a great day.

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