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Ten Early News -

View in ParlView

(generated from captions) Good morning, everyone. I'm Ron

Wilson. I'm Frank Coletta. Welcome

to Ten's Early News.

Today - Cyclone Hamish expected to

weaken further off the Queensland

coast as the search resumes for three fishermen aboard three fishermen aboard a trawler.

Labor continues its domination in

the polls as voters back Peter Costello for the Liberal Party's

top job.

In sport - Manly set to name Brett

Stewart today despite lingering sexual assault allegations.

Tropical cyclone Hamish continues

to shadow the North Queensland

coastline but is expected to ease

to a category three storm by this

evening. Hamish is hampering a

search for three fishermen missing

off off Rockhampton.

A distress signal was received

yesterday morning from a trawler

caught in the eye of the storm

220km out to sea. Tropical Cyclone

Hamish prevented rescuers from

reaching the three men on board.

reached Gusts of wind near the centre

reached 250km/h. An Army Hercules

plane dropped a life raft and

supplies, while the rescue effort

has resumed this morning. On land,

residents fearing a residents fearing a massive tidal

surge have started preparing for

the worst. 16 tonnes of sandbags

went out to shops. Others were

taking advantage of the change in

conditions. Lived here 10 years,

about the third time I've surfed it.

Curiosity. Haven't seen this before.

Further south at Hervey Bay and

more sandbagging. Residents fear a

tidal surge may hit today. Hamish is expected to is expected to weaken to a category

three this evening and is unlikely

to cross the coast but authorities

warn the threat is still real. This

could take a few days yet. We're

not out of the woods. There's still

a significant threat to that part

of the coast. We have not seen the

storm surge effect major flooding

in any towns. Hamish is being felt

as far south as the Sunshine Coast

with five beaches closed and campers moving out.

campers moving out.

Workplace Relations Minister Julia

Gillard met with cross-bench

senators last night to try to

secure their support for the

Government's fair work bill. A

storm is brewing within the

Opposition over their response to

the legislation. Some Coalition MPs

are backing a hard line against the

fair work bill, unions' right to

access workplace as key sticking point. The bill

point. The bill has plenty of flaws.

Will you knock it back or seek to

amend it? We'll seek to amend it.

Debate begins today in the Senate. Labor continues to dominate the

Coalition in the latest Newspoll.

Despite the economic crisis, the

ALP maintains a 12-point lead in

the two-party preferred stakes.

However, the Coalition has narrowed

the gap by four points. While Kevin

Rudd remains well ahead of Rudd remains well ahead of Malcolm

Turnbull as preferred PM. In

another worrying sign for Mr

Turnbull, Peter Costello remains a

clear favourite as Liberal leader.

The Manly NRL club is set to

enforce the strictest ban on

alcohol in league history as the

team deals with the latest

off-field scandal. Police are

investigating allegations fullback

Brett Stewart sexually assaulted a teenage girl following the teenage girl following the club's season launch last Friday.

There's no doubt that the drinking

that took place on Friday was

unacceptable. Stewart hasn't been

charged. Manly club bosses are set

to impose a ban on their players drinking alcohol at official club functions.

A young Perth mother will face

court again next week charged with

the murder of her one-year-old

daughter. 22-year-old Nicole Bryan daughter. 22-year-old Nicole Bryan

sobbed during her court appearance

yesterday. It's alleged the little

girl was stabbed during a domestic

dispute between the mother and her

de facto partner, who was holding

the toddler at the time. Police

told the court the accused armed

herself with a knife, intending to

harm her partner. It's a horrible,

tragic accident. There's no intention whatsoever of Nicole to

harm that little child that she

loved dearly. The couple's loved dearly. The couple's two

other children, aged four years

and five months, are being cared for by relatives.

Police in India have arrested a man

over the rape of an Australian

tourist. The 28-year-old Queensland

woman said she was sexually

assaulted at a resort in the

country's south-west coast. A

20-year-old man was caught by the woman's husband and several other tourists and is now in custody. The only gunman The only gunman captured alive

during last year's Mumbai terrorist

attacks has faced court. Mohammed

Ajmal Kasab was a member of the

terror unit that raided and fired

on a crowded Mumbai train station.

He was caught after a gun battle

with police. 21-year-old Kasab has

been charged with 12 counts of

murder and waging war against

India. He could face the death penalty if convicted.

President Barack Obama has President Barack Obama has ended

the US government policy of not

funding embryonic stem cell

research. The President believes

science from politics. the executive order will free

With the stroke of a pen, President

Obama's taken a big step toward

getting federal funding for

embryonic stem cell research. He

signed an executive order lifting

the limitations put in place by

former president, George W. former president, George W. Bush.

Scientists believe these tiny cells

may have the potential to help us

understand and possibly cure some

of our most devastating diseases

and conditions. Embryonic stem

cells are the body's master cells.

Scientists believe they can morph

into any other cell in the body and

could create replacement tissues to

create a -- treat a variety of

diseases. The executive order is a

researchers compromise, which will allow

researchers to use tax dollars to

investigate more existing stem cell

lines but leaves Congress to decide

whether federal money can be used

to create new lines. Stem cells are

harvested from days' old embryos.

Critics say the research destroys

those embryos and they say that's

the same as destroying lives.

The NRL has The NRL has declared it won't

hesitate in banning Brett Stewart if

he's found guilty of sexual assault.

Despite the allegations, the

fullback is set to be named today

in Manly's side for round one.

David Gallop fronted the media with

a blunt message. If it was clearly

established fact that a player had

committed a sexual assault, he would

take not be playing. If the club did not

take that decision, we would. The

NRL boss has ordered an investigation into Manly's season

launch and didn't rule out fining

the club if their service of

alcohol was proved to be negligent.

Manly's coach, Des Hasler, claims

the furore of the past four days

will not shift his side's focus

ahead of the season opener. They're

aware of the situation and as the

week pulls up, the focus week pulls up, the focus will come

more and more on the game. The boys

in the blue and white unleashing

seven new signings against the Sea

Eagles on Saturday night, including

Ben-manant, Michael Ennis and David

Stagg. We didn't play them -- buy

them to play reserve grade. They'll

add a new look to the team.

With another world record run chase

in front of them, South Africa has

fought back on day four of the

second Test against the Aussies in

Durban. The Aussies declared at

5/331 after opener Phillip Hughes

was timely dismissed at 160,

leaving the Proteas a massive

546-run task. Peter Siddle took

both openers early, dismissing Neil

McKenzie for approximate 1, then

Hashim Amla for 43.

Hashim Amla for 43.

Ricky Ponting clings on at slip.

Siddle should have had his third

but Marcus North couldn't hang on

to Jacques Kallis and it's proving

crucial. Kallis was 84 not out at

stumps. The Proteas need 302 on the

final day for an emphatic victory.

Australia is off to a brilliant

start at the world baseball classic

in Mexico City, upsetting the host

nation in the opening round. It's

the first time Australia has

entered a team in the competition

and they didn't disappoint, downing

Mexico 17-7 after the mercy rule

was invoked. Major league free

agent Chris Snelling blasted two

home runs in the upset win. COMMENTATOR: That's through to

right field and that is gone! A home run.

The Aussies' clubbed a WBC-record

22 hits in the victory. They'll

play Cuba tomorrow with the winner

advancing to the second round.

Finance with Frank Coletta.

The news just didn't get any better,

does it? The World Bank now

describe the situation as dire. I

wish we could give good news but I

don't think so. The World Bank says

the global economy will shrink this

year, the first time since World

War II.

The bankers warn the economic

downturn has wiped $78 trillion off

the value of worldwide assets. They

forecast the biggest drop in global

trade in 80 years. Australia's main

Asian trading partners will be

among the worst affected. Developed

countries will also be hit hard.

The Bank predicts the world's

poorest countries will suffer a

cash shortfall of at least US $200 billion. The The International Monetary Fund has

suggested the age of retirement in

Australia be lifted to help deal

with increasing welfare costs. The

IMF predict a blowout in pension

funding due to the collapse of

superannuation savings. They say

countries need to look at where

they can make savings in the

current economic climate, in

particular cutting back on pension and health care entitlements.

Briefly in other news, Rio Tinto

has sold coal interests in the

United States worth more than $1 billion to

billion to lower its debts.

Telstra's chief financial officer,

John Stanhope, has joined the board

of AGL Energy, fuelling speculation

he won't be the telco's next CEO.

ANZ will today release jobs and

data for February. Look out for those.

Now, stocks are on the slide. Wall

Street lost ground after a brief

rally.

A fairly flat day across Europe, London performing best.

There you go, the weather precis is

on your screen now.

Checking the papers this morning:

The 'Daily Telegraph' reports NRL

star Brett Stewart was so drunk

last week, he has no recollection

of an alleged assault on a teenage girl.

'Business Day' says property

developers are lining up cap in

hand for support from the Commonwealth's business investment partnership.

The 'Age' says NATO is increasing

pressure on Kevin Rudd to send more

troops and resources to Afghanistan.

Coming up after this break - the

new research suggesting men, too,

have a biological clock. Tick, tick.

Headlines every 15 minutes on Ten's

Early News:

The search resumes for three people

aboard a fishing trawler in North

Queensland as Tropical Cyclone Hamish weakens off the coast.

Labor maintains its strong lead

over the Coalition. The latest Newspoll. The Government prepares

to unveil its fair work bill.

A man in police custody after a A man in police custody after a

41-year-old was shot dead during an argument at a home in Melbourne's west. And Phillip Hughes eventually

stopped in the second Test on 160.

Rescue crews have resumed their

search this morning for a trawler

under threat from Cyclone Hamish

off the Queensland coast. Three

people are aboard the boat, which

sent out a distress signal

yesterday morning. With the latest

on the storm, Lexy Hamilton-Smith

is on the phone from Bundaberg.

is on the phone from Bundaberg.

Lexy, we're hearing this storm will

be downgraded as the day goes on.

Is the emergency over? Well, Ron,

the emergency certainly isn't over.

While it's a case of fingers

crossed today, the bureau is hoping

they may be able to downgrade

Cyclone Hamish but, as you know,

it's the unpredictability of

cyclones that's causing so much

concern and forcing disaster

management teams to hedge their

bets, if you like. They bets, if you like. They still have

in place mass evacuation plans for

10,000 people from low-lying danger

zones. While Hamish is still quite

a fair waip off the coast - 225km

north-east of Bundaberg at the

moment - it's moving slowly

parallel to the coastline, whipping

up winds and certainly heavy rain.

It's been playing havoc for four

days now and what surprised

everyone was how it whipped up everyone was how it whipped up so

quickly to category five and has

staunchly remained a dangerous and

destructive category four. So what

they're saying - it's a case today

of watching and waiting. They want

residents to remain vigilant.

They're hoping Hamish will take a

holiday and decide to head out to

sea but, of course, as we know, it

could so quickly cork screw back along the

along the coastline and cause

severe damage. Everyone is on high

alert up here today.

Quickly, that missing trawler - any

word? No. Last night, late last

night, in dangerous and heavy winds they

they had to call off the search but

managed to drop some food and

water supplies where the emergency

beacon had been located. That was

225km off Rocky, but, Ron, what is

very concerning is they know the trawler got caught

trawler got caught in the eye of

Cyclone Hamish and at that time,

winds were packing over 250km/h, so,

as you said earlier, the search as you said earlier, the search has

continued this morning and there is

no sign at this stage. Thanks, Lexy.

Lexy Hamilton-Smith there talking

to us on the phone from Bundaberg.

Debate begins today in the Senate

over the Government's fair work

bill. The Federal Government has

written to cross-bench senators

flagging possible amendments in the

hope of passing the legislation

within a fortnight.

These workers are reaping the

benefits of the Government's billion-dollar stimulus plan to

save jobs. Feel privileged at the

moment to have a job. It's an ever

common feeling as further forecasts of economic gloom emerge. The

latest from the World Bank predicts

the biggest fall in trade since the

Great Depression. The sharpest contraction in growth since World

War II and, of course, War II and, of course, a decline in

trade, the worst we've seen in 0

years. Despite urging from

business, it's not time for major

industrial changes, the Government

is pushing ahead for its

WorkChoices replacement. The

Opposition is unconvinced, especially on union access to

workplaces. We will be seeking to

amend it. There are those within

the Coalition who want a harder

line. Shadow Cabinet will take its

plan to the party room today where

it's likely for some MPs simple

amendments won't be enough. The

Government has already rejected

anything more than technical

changes to the laws and has turned

to the cross-benchers. We're

coming off the same page, working

with these senators. We're all

opposed to WorkChoices. We're all

on the same page except I've got a

bit of liquid paper and a pencil.

Unfair dismissal and good-faith

bargaining are on the list. The Greens

Greens want paid maternity leave in

the mix but have promised their support.

Speculation over the Liberal Party

leadership is unlikely to die down

any time soon after the release of

the latest Newspoll. The poll in today's 'Australian' newspaper

shows 45% of people prefer Mr

Costello in the Liberals' top job, while Malcolm Turnbull has the

support of just 38%. Meantime,

Labor remains well ahead of the

Coalition, two-party preferred,

while Kevin Rudd still dominates as

preferred Prime Minister.

A 41-year-old man has been shot

dead at a home in Melbourne's west

overnight. The victim was

discovered on the front lawn

suffering a gunshot wound to the

stomach. Homicide detectives

performed CPR but he died at the

scene. There's been a number of

shots discharged. How many have

struck the deceased we're not

aware of at this point. The crime

scene is still being examined. A

45-year-old man who is believed to

live at the house has been arrested

and is being interviewed by police.

Detectives say the men were known

to each other and had been arguing. As the Queensland election campaign

enters the final stretch, the Bligh

Government has been accused of

putting football before health.

Anna Bligh has promised to build a $130 million AFL $130 million AFL stadium on the

Gold Coast if re-elected. Premier

Bligh says the project will create

350 jobs. The Gold Coast is our

second largest city. It needs jobs

and this project will create them.

The State Opposition, which will go

the go-ahead for uranium mining if

elected, says the health of the

State's hospitals should be the priority.

Manly are set to impose tough

drinking restrictions on players

following sexual assault

allegations against Brett Stewart.

It comes as the pin-up player began

training ahead of this weekend's game.

As NRL poster boy, Brett Stewart

returned to the football field,

detectives returned to his North

Manly unit complex where officers

are investigating the alleged

drunken sexual assault of his

17-year-old neighbour. The girl's

father and older sister were father and older sister were

interviewed by detectives. I have

to go. Shocked Manly fans protested

his innocence. Brett Stewart down

at Manly, on the Northern Beaches,

anywhere, won't have to work hard

to pick up a bird. Just pause

someone is a nice guy or famous

footy player doesn't mean that we

assume that nothing could have

happened. That's not fair to the

girl. The girl's family has told

Ten News they're fearful of a smear

campaign as documents were

delivered to the media detailing

the criminal history of her father.

The scandal has forced Manly to

consider banning players from

drinking alcohol at all club events.

Other NRL clubs rejecting the

so-called booze bans. Alcohol drunk

responsibly is part of society and

I don't believe in banning at all.

US President, Barack Obama, has

overturned the Bush Administration

policy of not funding embryonic

stem cell research. The President

says it will open a new frontier

for scientific research free of

political ideology. The potential

it offers is great and with proper

guidelines and strict oversight,

the perils can be avoided.

Scientists believe it will help

find a cure for diseases such as

Alzheimer's, Parkinson's and

diabetes. Opponents argue the

destruction of a human embryo crosses a moral barrier.

The driver of an aid truck that

collided with Zimbabwe Prime Minister Morgan Tsvangirai's

vehicle, killing his wife, has been

charged with culpable homicide.

Tsvangirai has returned home after

receiving treatment in Botswana

following the fatal car crash. He

says he will resume his official

duties, because that's what his

wife would have wanted. Her funeral

will be held later this week.

Comparisons to Don Bradman are

being made about young Aussie

opener Phillip Hughes after

reaching an incredible 160 in the

second Test against South Africa.

His second century of the match.

The 20-year-old was handed a few

lifelines but added another 24 runs

to his overnight total, the knock helping him rack

helping him rack up 350 runs in

just two Tests, well on track just two Tests, well on track to

breaking Bradman's record of the

fastest player to 1,000 Test runs.

The Don did it in seven Tests. The

Aussies declared at 5/331, setting a

massive 546-run chase. Peter Siddle

got straight to work.

COMMENTATOR: Gone! Outside edge. It

took openers Neil McKenzie and Hashim

Hashim Amla, the South Africans

2/244 at stumps, needing 302 for victory.

Manly's decision to make Brett

Stewart available for selection despite being under investigation

for sexual assault has gained

support from an opposition coach.

The Gold Coast's John Cartwright

Wright is the man backing the move. He selected Anthony will Frankie

last season when he was charged

with sexual assault and later acquitted. He acquitted. He played some of his

best footy. He used it as an

outlet. He had the support of the

club and he's come out the other

side. Manly face the Bulldogs at

ANZ Stadium on Saturday night.

The World Bank has delivered a

bleak outlook for the global

economy this year, predicting the

first contraction since World War

II. With details, Juliana Roadley

joins us from CommSec. Juliana, certainly a certainly a dismal forecast from

the World Bank. Do you think it's

accurate? If you look at the

International Monetary Fund, Frank,

back in January they said there

would only be growth of around half

a per cent in 2009 so it's easy to

see whoo why the World Bank is so

negative. We've had five to seven

years of huge growth, though. We

know we're feeling the pain. We

feel it will be short-lived and we

expect a brighter end to 2009. Hope you're right! you're right!

How is the US market looking late

in trade? Recession-sensitive

consumer stocks like airlines,

retailers and media stocks are

being hammered today with heavy

losses in Asia and Europe. At the

moment, the nas back is down 25 and

our market is set to open 12 points

lower this morning.

Briefly in other news, the

International Monetary Fund has

recommended raising the recommended raising the retirement

age. Rio Tinto has sold coal assets

in Wyoming to ease its debt burden.

There's increasing speculation

that Telstra's chief financial

officer, John Stanhope, won't take

over from Sol Trujillo after he

joined the board of AGL. And Tokyo

has been found to be the most

expensive city in the world as

Australian cities fall down the

list due to the weak dollar.

New Australian research has found

the biological clock is ticking

just as loudly for men. The

University of Queensland study

discovered children born to older

men don't perform as well on intelligence

intelligence tests. The tests were conducted on children at eight

months, four and seven years. There

was no specific age where a father

where children's intelligence appeared to decline.

An Australian tourist rescued after

a dive boat capsizes off Phuket.

We've got that next.

Headlines every quarter hour on

Ten's Early News:

Cyclone Hamish expected to weaken

further off the Queensland coast as

the search resumes for three people

aboard a missing trawler.

Labor continues to dominate in the

polls as voters back Peter

Costello for the Liberal Party's

top job.

And in sport - Manly set to name Brett Stewart today despite lingering sexual assault allegations. The weather precis:

Tropical Cyclone Hamish continues

to shadow the North Queensland

coastline but is expected to ease

to a category three storm by this

evening. Hamish is hampering a

search for three fishermen missing off Rockhampton.

A distress signal was received

yesterday morning from a trawler

caught in the eye of the storm 220km out to sea.

220km out to sea.

Tropical Cyclone Hamish prevented

rescuers from reaching the three

men on board. Gusts of wind near

the centre reached 250km/h. An Army

Hercules plane dropped life raft

and supplies while the rescue

effort has resumed this morning. On

land, residents fearing a massive

tidal surge have started preparing

for the worst. 16 tonnes of

sandbags went out to shops and

homes, while others were taking

advantage of the change in

conditions. Lived here 10 years.

This is the third time I've surfed

it. Curiosity - haven't seen

anything like this before.

Further south at Hervey Bay and

more sandbagging. Residents fear a

tidal surge will hit today. It's

coming into the living area.

Hamish is expected to weaken to a

category three this evening and is

unlikely to cross the coast but

authorities warn the threat is

still real. This could take a few

days yet. We're not out of the

woods by any means. There's still a

significant threat to that part of

the coast. We have not seen the

storm surge effect any major

flooding in any of the towns.

Hamish is even being felt as far

south as the Sunshine Coast with

five beaches closed and campers moving out.

Labor continues to dominate the

Coalition in the latest Newspoll

despite the economic crisis. The

ALP maintains a 12-point lead in

the two-party preferred stakes but

the Coalition has closed the gap

by four points. Kevin Rudd remains

well ahead of Malcolm Turnbull as preferred Prime Minister. In

another worrying sign for Mr

Turnbull, former treasurer, Peter

Costello, remains a clear favourite

as Liberal leader.

Workplace Relations Minister Julia

Gillard met with cross-bench

senators last night to try to

secure their support for the

Government's fair work bill. A

storm is brewing within the

Opposition over their response to

the legislation. Some Coalition MPs

are backing a hard line against the

laws. Union rights to access

workplaces is a key sticking point.

The bill has got plenty of flaws.

Will you knock the bill back as a

whole or just seek to amend it? We

will be seeking to amend it. That

is exactly what we will do. Debate

begins today in the Senate over the fair work bill.

The Rudd Government will today

unveil its draft emissions trading

scheme. Key cross-bench Senator

Nick Xenophon says he has major

concerns about the bill which must

maximise tarbgts without impacting

negatively on the economy. The

design will be one of the biggest

decisions the Parliament will make

in many years, much bigger than the

GST and a range of other economic

reforms. We need to get it right.

The Opposition and the Greens have

agreed on terms of reference for a

Senate inquiry into the legislation.

The Manly NRL club is set to

enforce the strictest ban on

alcohol in league history. As the

team deals with the latest

off-field scandal, police are

investigating allegations fullback

Brett Stewart sexually assaulted a

teenage girl during the club's

season launch last Friday.

There's no doubt that the, um, the

drinking that took place on Friday

was unacceptable. Stewart hasn't

been charged. Manly club bosses

are set to impose a ban on their

players drinking alcohol at

official club functions.

An Australian has been rescued

after a dive boat capsized off

Phuket. Thailand's marine police

rescued 23 people from the water,

but seven are still missing.

The group was returning from a

well-known dive spot when,

according to the captain, the boat

was dashed by strong winds and rain.

A large wave hit, capsizing the

vehicle 25km off the coast. The

Thai Navy has joined the search for survivors.

The British Government is

attempting to repair the Northern

Ireland peace shattered by the

murder of two British soldiers.

Police are appealing to the Belfast

gunmen up. community to give the Real IRA

They've been described by their

brigadier as quite magnificent

individuals. Now, after 12 years of

peace, British soldiers are once

of Northern Ireland. again being warned on the streets

One of the victims was 21, from

London. The other was 23 and from

Birmingham and they died together

in an ambush as they collected

takeaway pizza just hours before

they were deployed to Afghanistan.

At the barracks where they were

shot, the dreadful evidence of the

of attack litters the ground. The rolls

of discarded bandage, the gel pads

from the heart monitors and the

bullet marks. To use the words

'harbouring' can in some

circumstances be strong but in

these circumstances, given that we

had an attempted mass murder I

would suggest that it's not too

strong. Aware of the huge political

significance of the weekend's

events, Gordon Brown travelled to

Northern Ireland in order to visit

the barracks. The political process

may be viewed as unshakable but

the sudden violent ferocity of the

past 48 hours has left many here

feeling very shaken indeed.

feeling very shaken indeed.

Returning now to the latest rugby

league scandal and the NRL says it

won't hesitate in banning Brett

Stewart if he's found guilty of

sexual assault. Despite the

allegations, the fullback is set to

be named today in Manly's side for

round one.

David Gallop fronted the media with

a blunt message for Brett Stewart.

If it was clearly established fact

that a player had committed a that a player had committed a sexual

assault, then he would not be

playing and, if the club did not

take that decision, then we would.

The NRL boss has also ordered an

investigation into Manly's season

launch and didn't rule out fining

the club if their service of

alcohol was proved to be negligent.

Manly coach Des Hasler maintaining

the furore of the past four days

would not shift his side's focus

ahead of the season opener against

the Bulldogs. Look, they're aware

of the situation and as the week

pulls up, you know, we'll get the

focus to come more and more on the

game. The boys in the blue and

white unleashed seven new signings

against the Sea Eagles on Saturday

night, including Brett Kimmoley and

Hannant, Ennis and Stagg. Their

form through the trials has been fantastic. They'll add a new look to the team.

With another world-record run chase

in front of them, South Africa has

fought back on day four of the

second Test against the Aussies in

Durban. The Aussies diClaireed at

5/341 after Phillip Hughes was

finally dismissed, leaving the

Proteas a massive task.

early. Peter Siddle took both openers

Siddle should have had his third

but Marcus North couldn't hang on

to Jacques Kallis and it's proving

crucial. Kallis was 84 not out at

stumps. The Proteas 2/244 needing

302 on the final day for an

emphatic victory.

Australia is off to a brilliant

start at the world baseball classic

at Mexico City, upsetting the host

nation in the opening round. It's

the first time Australia has

entered a team in the competition

and they have not disappointed,

downing Mexico 17-7 after the mercy

rule was invoked. Major league free

agent Chris Snelling blasted two home runs in the emphatic win.

That is gone! A home run!

That is gone! A home run!

The Aussies clubbed a WBC-record 22

hits in the victory. They play Cuba

tomorrow with the winner advancing

to the second round.

Back to finance. Frank Coletta, it

doesn't seem like it could get any

worse but the World Bank has put a

new twist on it? They've hit us

with a baseball fact. I'll tell you

all about it. The global economy

economy will shrink, they say, this

year, the first time since World

War II. The bankers warn that the

economic downturn has wiped $78

trillion off the value of worldwide

assets. They're forecasting the

biggest drop in global trade in 80

years. Australia's main Asian

trading partners will be among the

worst affected. The bank predicts

the world's poorest countries will

suffer a cash shortfall of at least $200 billion American.

Wall Street lost ground after a

brief rally. The Dow Jones is off

65 points, the NASDAQ losing 20. A

flat day across Europe. London

performed best, adding 11.

The Nikkei closed at its lowest level in 26 years.

also. There was a 5% crash for Hong Kong

Oil is higher by more than $1.50,

now at $46.98 a barrel.

Gold is trading well down.

There was damage limitation for our

market yesterday.

Briefly in other business news:

Rio Tinto has sold coal interests

in the US worth more than $1

billion in an attempt to lower its debts.

Telstra's chief financial officer

John Stanhope has joined the board

of AJL energy, fuelling speculation

he won't be the next CEO.

A snapshot of the weather now:

Checking the front pages of the

papers today, the 'Sydney Morning

Herald' says some Australians are

being denied insurance due to their

genetic make-up.

The 'Financial Review' reports

investors have lost $7.6 billion in

the past eight months after a

record number of equity

record number of equity issues.

And the 'Herald Sun' says a

volunteer firefighter has been sacked for swearing on the

emergency radio during the black

Saturday bushfires.

A man in custody over a fatal

shooting in Melbourne last night.

We've got the details right after

the break. GOOD MORNING, I'M FIONA NELSON... COMING UP IN THIS

NEWS UPDATE, A-C-T LOSES TWO HOCKEY MATCHES TO NEW SOUTH WALES. FIRST, POLICE WANT TO HEAR FROM ANYONE WITH INFORMATION, ON A ROBBERY IN CHISHOLM LAST WEEK. ROBBERY IN CHISHOLM LAST WEEK. A 17 YEAR OLD, WAS ROBBED OF CASH, AFTER GOING TO AN A-T-M, JUST BEFORE SIX O'CLOCK ON THURSDAY NIGHT.

THE OFFENDER, IS AGED BETWEEN 35 AND 45, WITH

SHORT BROWN HAIR, AND HE HAD A DARK BLUE BUMBAG. ANYONE WITH INFORMATION, IS ASKED TO CONTACT CRIME

STOPPERS. LOCALS IN NIMMITABEL, ARE OUTRAGED, AT THE R-T-A, WHICH HAS REPORTEDLY BEEN USING WATER FROM THE TOWN'S SUPPLY, FOR ROADWORKS OUTSIDE THE SHIRE.

SOME LOCALS CLAIM, THE R-TA IS TAKING WATER FROM NIMMITABEL, AND USING IT IN BOMBALA... DESPITE KNOWING THAT RESIDENTS ARE FACING TOUGH STAGE SIX WATER STAGE SIX WATER RESTRICTIONS. ORGANISERS OF THE AUTUMN BALLOON SPECTACULAR, SAY

THE BALLOONS WON'T BE INFLATED SO CLOSE TO THE ABORIGINAL TENT EMBASSY, AFTER COMPLAINTS FROM PEOPLE LIVING THERE. ELDERS, LIVING ON THE LAWNS OF OLD PARLIAMENT HOUSE SAY, THEY WEREN'T GIVEN ANY WARNING, OF THE PLANS, TO

HAVE THE BALLOONS TAKE OFF THERE. THE FESTIVAL RUNS UNTIL SUNDAY. TO SPORT, AND THE A-C-T, HAS LOST TWO MATCHES AGAINST NEW SOUTH WALES, DURING AN UNDER 21 WOMEN'S HOCKEY SIDE TRIAL MATCH.

THE A-C-T, LOST THEIR FIRST MATCH IN ORANGE, ON SATURDAY TWO - ONE ... AND DESPITE GOING AWAY TO REGROUP AHEAD OF SUNDAY'S MATCH, THE LOCAL SIDE LOST LOST THREE - NIL. LOOK AT TODAY'S WEATHER... MOSTLY FINE CONDITIONS WILL CONTINUE FOR THE NEXT COUPLE OF DAYS AS A HIGH PRESSURE SYSTEM OVER THE BIGHT EXTENDS A RIDGE ACROSS THE REGION. LOOKING ACROSS THE NATION NOW - FINE AND MOSTLY SUNNY

SUNNY FOR CANBERRA TODAY - A FEW SHOWERS FOR SYDNEY - AND PATCHY RAIN FOR BRISBANE CHECKING WHAT'S HAPPENING ACROSS SOUTHERN NEW SOUTH

WALES - SHOWERS WITH A TOP OF 27 FOR DUBBO - WET WITH AN EXPECTED TOP OF 21 FOR THE GONG SHOWERS AND 24 FOR BATHURST - 22 FOR BOWRAL - A FOR BATHURST - 22 FOR BOWRAL - A POSSIBLE SHOWER FOR BATEMANS BAY SHOWERS AND 25 DEGREES FOR MUDGEE - MOSTLY SUNNY AND ALSO WITH A TOP OF 25 FOR COOMA

LOOKING AHEAD - TOMORROW - THERE'S THE CHANCE OF A TOMORROW - THERE'S THE CHANCE OF A SHOWERS - WITH

AN EXPECTED TOP OF 24 DEGREES MOSTLY SUNNY ON THURSDAY AND MOSTLY FINE, AGAIN ON FRIDAY

Headlines every 15 minutes on Ten's

Early News:

The search resumes for three

fishermen aboard a trawler in North

Queensland as Tropical Cyclone

Hamish weakens further.

Labor maintains its strong lead

over the Coalition in the latest

Newspoll as the Government prepares

to unveil its fair work bill.

A man in police custody after a

41-year-old was shot dead during an

argument at a home in Melbourne's west.

And Phillip Hughes eventually

stopped in the second Test on 160. Queensland rescue crews have

resumed their search this morning

for three fishermen aboard a

trawler caught in Cyclone Hamish.

The boat sent out a distress signal

early yesterday. With the latest

on the storm, Ten reporter Lexy

Hamilton-Smith is on the phone from

Bundaberg. What's the latest on

the severity of the cyclone? Ron,

the weather bureau is saying it

will probably be downgraded later

today to a category three. But it's

still a dangerous and destructive

category four at this stage. It's

moving slowly toward Bundaberg,

menacing the coastline, whipping

up winds and dangerous tidal surges.

The message is don't be complacent.

They want residents on high alert.

Mass evacuation plans are still in

place because, as we know, because

of the unpredictability, Hamish

could do a U-turn, cork screw and

decide to cross the coastline at

any time. While the danger has been

lessened, it's not over at this stage.

The search resuming for that

missing trawler first light. Is

there any word on them at all? No.

Emergency crews are saying they

hold grave fears for their safety

because as we've heard, they were

caught right in the eye of Cyclone

Hamish and at the time that was

packing winds of over 250km/h. They

have dropped supplies to where the

emergency beacon went off and it is

still active so at least they have

a region that they can search for

them today. But, of course, bad

weather is hampering that search as

well so, sadly, there's no news at

this stage.

Our reporter, Lexy Hamilton-Smith,

on the phone from Bundaberg.

A 41-year-old man has been shot

dead at a home in Melbourne's west

overnight. The victim was discovered on the front lawn

suffering a gunshot wound to the

stomach. Homicide police performed

CPR until paramedics arrived, but

he died at the scene. There's been

a number of shots discharged. How

many of those have actually struck

the deceased we're not aware of at

this point. The crime scenes are

still being examined. A 45-year-old

man who is believed to live at the

house has been arrested and is

being interviewed by police

detectives say the men were known

to each other and had been arguing.

Debate begins today in the Senate

over the fair work bill. The

Federal Government has written to

cross-bench senators flagging

possible amendments in the hope of

passing the legislation within a fortnight.

These workers are reaping the

benefits of the Government's billion-dollar stimulus plan to

save jobs. Feel privileged to have

a job. It's a common feeling as

forecasts of further economic gloom

emerge. The latest from the World

Bank predicts the biggest fall in

trade since the Great Depression.

It's the sharpest contraction in

growth since World War II and a

decline in trade, the worst we've

seen in 80 years. But it's not time

for major industrial changes, the

World Bank says. But the Government

is pushing ahead with WorkChoices

replacements. The Opposition is

unconvinced, especially on union

access to workplaces. We will seek

to amend it. There are those within

the Coalition who want a harder

line. Shadow Cabinet takes its plan

to the party room today where it's

likely, for some MPs, simple

amendments won't be enough. The

Government has already rejected

anything more than technical

changes to the laws and has turned

to the cross-benchers. We're

coming off the same page working

with these senators. We're all

opposed to WorkChoices. We're on

the same page except I've got

liquid paper and a pencil. Unfair

dismissal and good-faith bargaining

provisions on the list for

discussion. The Greens want paid

maternity leave in the mix but they've already promised their support.

The latest Newspoll has done

little to dampen speculation about the Liberal Party leadership. The

poll in today's 'Australian'

newspaper, show 45% of people

prefer Peter Costello in the Liberals' top job while Malcolm

Turnbull has the support of just

38%. Meantime, Labor remains ahead

of the Coalition two-party

preferred and Kevin Rudd dominates

as preferred PM.

The Manly NRL club is set to impose

tough drinking restrictions on its

players following sexual players following sexual assault allegations against Brett Stewart.

It comes as the pin-up player began

training ahead of this weekend's game.

As NRL poster boy Brett Stewart

returned to the football field,

decision returned to his North

Manly unit complex where officers

are investigating the alleged drunken sexual assault of his

17-year-old neighbour. The girl's

father and older sister were

interviewed by detectives. I have

to go. Shocked Manly fans protested

his innocence. Brett Stewart down

at Manly or on the Northern Beaches,

anywhere, won't have to work too

hard to pick up a bird. Just

because someone is a nice guy or a

famous footy player doesn't mean

that, you know, we assume that

nothing could have happened. That's

not fair to the girl. The girl's family has told Ten News they're

fearful of a smear campaign as

documents were delivered to the

media detailing the criminal

history of her father. The scandal

has forced Manly to consider

banning players from drinking

alcohol at all club events. Other

NRL clubs rejecting the so-called

booze bans. But alcohol, drunk

responsibly, is part of society and

I don't believe in banning at all.

As the Queensland election campaign

enters the final stretch, the Bligh

Government has been accused of

putting football before health.

Anna Bligh has promised to build a

$130 million AFL stadium on the

Gold Coast if re-elected. Premier

Bligh says the project will create

350 jobs. The Gold Coast is our

second largest city. It needs jobs

and this project will create them.

But the State Opposition says the

health of the State's hospitals

should be the priority.

A young Perth mother will face court again next week, charged

with the murder of her one-year-old

daughter. 22-year-old Nicole Bryan

sobbed during her court appearance

yesterday. It's alleged the little

girl was stabbed during a domestic

dispute between the mother and her

de facto partner, who was holding

the toddler at the time. Police

told the court the accused armed

herself with a knife intending to

harm her partner. It's just turned

out to be a horrible, tragic

accident and there's no intention

whatsoever of Nicole to harm that

little child, that she loved dearly. The couple's two other children,

aged four years and five months,

are being cared for by relatives.

US President, Barack Obama, has

overturned the Bush Administration

policy of not funding embryonic

stem cell research. The President

says it will open a new frontier

for scientific research, free of

political ideology. The potential

it offers is great and, with proper guidelines and strict oversight,

the perils can be avoided.

Scientists believe it will help

find a cure for diseases such as Alzheimer's, Parkinson's and diabetes.

The driver of a truck that

collided with Zimbabwe Prime

Minister Morgan Tsvangirai's

vehicle, killing his wife, has been

charged with culpable homicide.

Tsvangirai has returned home after

receiving treatment in Botswana,

following the fatal car crash. He

says he will resume his official

duties because that's what his wife

would have wanted. Her funeral will

be held later this week.

Comparisons to Don Bradman are

being made about young Aussie

opener Phillip Hughes after

reaching an incredible 160 in the

second Test against South Africa,

his second century of the match.

The 20-year-old was handed a few

lifelines but added another 24 runs

to his overnight total. The knock

helped him rack up 350 runs in just

two Tests, well on track to

breaking Bradman's record of the

fastest player to 1,000 Test runs.

The Don did it in seven Tests. The

Australians declared at 5/331

setting the Proteas a massive

546-run chase. Peter Siddle got

straight to work.

COMMENTATOR: Gone! Outside edge. He

took openers Neil McKenzie and

Hashim Amla, the South Africans

2/244 at stumps, needing 302 for victory.

Aussie cyclists have dominated the

sprint finish of the second stage

of the Paris-Nice. The eight-stage

race covers more than 1,000

kilometres, as the name suggests,

from a town just south of Paris to

Nice. Spain's Alberto Contador is

still the man to catch but was

nowhere to be seen in the sprint

finish. A New South Welshman who

rise under a German licence crossed

first with Aussies Mark Renshaw

second. Contador holds a 7-second buffer heading into stage three.

The World Bank has delivered a

bleak outlook for the global

economy this year, predicting the first contraction since World War

II and with details, Juliana

Roadley from CommSec joins us now.

Juliana, a dismal forecast from the

World Bank. Is it accurate? It you

International Monetary Fund said look back to January where the

they expected world growth to be

only up by 0.5% in 2009, you can

easily see why the World Bank is so

negative, Frank. Keep in mind over

the last five to seven years we've

seen huge growth. We're feeling the

pain at the moment. We feel it will

be short term and we expect a

brighter end to 2009. How is the US

market looking late in trade? Recession-sensitive stocks have

been hit hard there today - the

airlines, the retailers and the

media stocks - but we have seen

losses coming through after that

statement from the World Bank.

We've seen heavy losses in Asia and

Europe overnight. At the moment,

the Dow is down by 73 points, the

NASDAQ down by 21 and our market

looks like starting a lot weaker,

down around 30 points this morning.

from CommSec. Thanks very much, Juliana Roadley

The International Monetary Fund is

recommending that the retirement

age should be raised. Rio Tinto

has sold coal assets in Wyoming to

help ease its debt burden.

There's increasing sticklation

that John Stanhope won't take over

from Sol Trujillo at Telstra and a

cost of living survey has found

that Tokyo is the most expensive

city in the world. Australian

cities have fallen down the list

due to weak dollar.

I've got no more news, no good news

any more so I'll leave you to do

the weather.

Perhaps the weather may be better,

although probably not for Brisbane.

Recapping today's top stories:

Cyclone Hamish is expected to

weaken further off the we'll coast

as the search resumes for three people aboard a missing trawler.

Labor continues its domination in

the polls as voters back Peter Costello for the Liberal Party's

top job. And Phillip Hughes eventually

stopped in the second Test on 160.

That's it for Ten's Early News. See

you again tomorrow morning. Have a great day.

Australia. Supertext Captions by Red Bee Media