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Ten Early News -

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(generated from captions) This program is captioned live.

Good morning. Welcome to Ten News.

Top stories this morning - another

strong quake hits the already

ravaged central Italy. The death

toll rising as the desperate

rescue effort to find survivors continues.

The RBA cuts rates as expected, but

no joy from the banks. Most have

decided to keep savings for

themselves, except for the

Commonwealth. In sport, Brett

Stewart denies sexual assault

charges in court ahead of his

return to the NRL on Sunday. And

maybe we've reached the bottom, but

hundreds more job losses in the

mining industry means recession

pain for many is set to continue.

weather: Let's kick off with a check of the

First this morning, another violent

tremor has just shaken earthquake

ravaged parts of Italy.

Seismologists say the latest quake

about two hours ago measured up to

5.7 on the Richter scale. The one

which caused so much destruction

on Monday measured 5.8. This

morning's tremor has reportedly

killed one person and sent

residents and rescuers fleeing

from damaged buildings in L'Aquila.

Chunks of concrete have fallen from

structures still standing after Monday.

Ten's Europe correspondent Danielle

Isdale is in the area covering the

disaster for Ten News. It must have

been a tremendous earthquake again

this morning? That's right, Ron. We

were in Rome at the time, about one

and a half hours drive away from

L'Aquila. We came back here to file

some stories sitting in the 4th

floor of our high rise apartment

building. And all of a sudden,

everything begins to shake, the

wall move and the ground beneath

you. It makes you very aware of

what's above your head. But that's

in Rome, quite far away from the

epicentre in L'Aquila. There it was

a lot more severe, really the last

thing that they needed. We were in

L'Aquila all day today. There were

aftershocks throughout the day and

another big one this morning.

People just panic and run to open

areas. They're really spooked,

obviously because of what they've been through and an awful experience for the people of

L'Aquila. The last thing they've needed, we've got reports of

injuries trickling in now already

with one dead. We believe that

there are still many thousands of

people missing in the rubble from

Monday's earthquake. What does the

second major quake mean for the

rescue effort? You can imagine that

these guys are burrowing underneath

very unstable building structures,

collapsed buildings trying to find

survivors where they have reports

of people missing. All the while,

these tremors are going on.

Everything starts to shake again.

They sprint off the site. It's very,

very danger owls and continuing to

do so because they still hold out

hope of people out there somewhere.

Experts say that people can survive

in these situations for up to four

or five days if they are trapped in

air pockets. The Italian Prime

Minister says that the search

operation will continue for two

days. Thank you for that, Danielle

Isdale reporting live there from Rome.

Australian gold medal cyclist

Jobie Dekar has been found dead in

his Adelaide home. He's battled

drug adickions and depression since

being dumped from Australia's team

for the 2004 Athens Olympics.

Police were called to the

27-year-old's Adelaide home

yesterday after he was found

collapsed inside. She said, I

haven't seen him for a few days.

The troubled former cycling World

Champion has battled alcohol,

drugs and depression since he was

accused of lying during a doping

investigation in 2004 which saw him

dumped from the Australian team

ahead of the Athens Olympics. He's

also been accused of attacking his

parents and convicted of assaulting

his coach, driving offences and

stealing cigarettes. He won gold at

the Manchester Commonwealth Games

in 2002 and was the 2003 World

Champion. The cause of his death is

still unknown. While swimmer Nick

D'Arcy is considering legal action

after being kicked off the team for

the 2009 world titles in Rome.

D'Arcy's coach has called the

decision ridiculous and that his

swimmer might now give up the sport.

I can't believe that this thing is

continuing to go on. It raises the

question of how long do you have to

punish somebody for the same thing. Swimming Australia cut D'Arcy after Swimming

he received a suspended sentence

for assaulting a former swimmer.

The Prime Minister is unhappy with

two of the big banks for short

changing borrowers. The RBA has

slashed the official rate to 3%,

but the National Australia Bank is

so far refusing to lower its rates.

The Commonwealth is passing on just

a fraction of the cuts.

Noit The banks are back in the bad book.

For the decisions announced today,

I don't thank them. The banks were

to cut the official cash rate. It

was overshadowed by the NAB's

decision to pocket the entire

reduction. The Commonwealth Bank

was fractionally more generous,

deucing its loan by 0.1%. This

decision is disappointing and I

would urge them to reconsider. The

banks say the price they pay for

money on overseas markets is still

high because of the credit crisis. Certainly,

Certainly, banks would love to be

able to pass this on to borrowers

but they need to be mindful about

profits. The indication should be

that they can be passed on. At

least a major part of the rate cut.

If any of the banks do pass it on

in full, it will reduce the

repayment on an average home loan

by about $40 a month.

The bank's aks go against the

reserve's judgment that there was

scope for a moderate lowering of

the cash rate, which along with the

bonus cash payments flowing to

millions of Australians is supposed to further stimulate the

economy. Businesses say there's no

excuse. Banks need to get closer

to the customers and indeed, pass

on the reduction. The Government

has admitted taxpayers could foot

the bill for a $43 billion

broadband network if it can't find

private sector partners. The PM

says people will get the chance to

invest in the project, but the Communications Minister claims the

plans don't pend on getting that

support. The Government, if there

are no private sector parties would

potentially be up for the remaining

$21 billion. 90% of Australian

homes and businesses will receive

the new faster connection.

Sydney police say a series of raids

across the city has smashed an

outlaw bikie gang drug ring. Two

members of the rebels gang were members of the rebels gang were

arrested at a McDonalds car park

after allegedly trying to sell

cocaine to police. Nine other raids

were carried out, including the

clubhouse in:con and a home on the

south coast where police allegedly

discovered a. Two men have

terrorised a woman on the Gold

Coast. They stormed in the service

station at 1:30 this morning. They

demapblded money and emptied the

cash drawer. One of the robbers

attempted to steal money from a

milk man who was inside at the time.

They fled in a stolen car.

US President Obama is flying home

after a surprise visit to Iraq. The

surprise visit sparked a standing

ovation from the troops. Mr Obama

was mobbed by ecstatic soldiers. He

warned Iraqi leaders they'll soon

have to look after the country

themselves. US combat operations

are due to end by August of next year.

In sport now and Essendon's Adam

McPhee was the only casualty at the

AFL tribunal. He was one of five

players out to clear their names

ahead of round three, but the

Bomber could only manage to have the three plach sanction

downgraded to one match. North

Melbourne's Michael Perito and Port

Adelaide's Daniel Motlop escaped

charges. While Brett Kirk and

Brisbane Lion Luke power had their

ump pumps thrown out.

Manly say their star fullback,

Brett Stewart, won't be the pull

out from behind.

While Brett Stewart was fronting

sexual assault allegations in court,

his captain and coach were taking

some of the heat off his return to

the game. No, I disagree. He's not

under peer pressure. He comes back

in the side and he'll resume his

role. I think we've had enough

questions and enough theories and

angles on Brett Stewart. We're not

expecting for him to go out and

score four tries and be a match

winner. It's his first game since

the world club challenge. The

captain not expecting Sunday's

opponents, the Wests Tigers to

sledge Stewart about his offfield troubles. Stewart has pleaded not

guilty. I don't think that the

players will do that at all. I

don't think that's a concern and I

don't think it will worry Brett

because he's done nothing wrong.

Obviously he's been stood down for

being drunk at an official function.

So I don't think there's too much

ribbing they can give him out of that.

Let's get all of the finance news

now with Frank. It's a bit like a

dance session here, we're doing the

hoky pokey trying to get out of the

recession, one step forward and two

steps back.

Despite positive news like the

interest rate cut and the broadband

plan there, are the job losses that

will make the recession last longer.

News that 70o workers will be axed

from Rio Tinto's mine. And while

the Bligh Government insists that

the State is still healthy, farmers

are warning of job cuts as regional

communities begin to suffer. The

bloke who supplies the steel in

town employs people. We send cattle

to town. Since the global economic

crisis began, more than 5,000

resource sector jobs in Queensland resource sector jobs in Queensland

have been cut from an industry

total of about 51,000.

Stocks have retreated in the US as

investors forgetted about another

bleak earning sector and news that

General Motors is set to be

preparing for bankruptcy:

Cast an eye to the screen now for the weather:

Let's check the morning newspapers

for you now. The 'Sydney Morning

Herald' reports a Labor MP is

accused of using union credit

cards to get cash and pay for

escorts.

The 'Financial Review' says brot

band network to be built by the

Rudd Government will cost four

times as much as originally expected.

The 'Australian' says Indonesia has

blocked efforts to retrieve money

earned by Schapelle Corby for her book.

And business Day say that is

Telstra may be forced to sell the

high speed bills network and its

stake in Foxtel.

We have the rest of the news coming

up including more from earthquake ravaged Italy.

( giggles ) ( gasps ) ( yelling ) You there, CROWD: Homer! Homer! Homer!

This program is captioned live.

Headlines every 15 minutes on ten's Headlines every 15 minutes on ten's

early Ten News.

Another big quake hits central Another big quake hits central

Italy. The death toll goes over 200

as crews continue the frantic

search for survivors.

Police called in as an Australian

world champion cyclist is found

dead in his home at the age of 27. dead in his home at the age of 27.

And US President Barack Obama

spries everyone by making an

unannounced trip to Iraq on his

way home from Europe.

A violent aftershock has rocked

earthquake ravaged Italy. The

tremor killed one person, while the tremor killed one person, while the

death toll from Monday's disaster

has climbed to 228.

It's moments like these that keep

the thousands of emergency crews

going. 24-year-old Marta Valente

pulled from the remains of the

collapsed building nearly 24 hours

after the fall. Stories like hers

and that of a 98-year-old woman

making it out alive after 30 hours

gives searchers the hope that they

need. Italy's Prime Minister says

the rescue mission will continue

for two days with severe

for two days with severe aftershocks making the work more

difficult and dangerous. Ten people

were believed to be trapped when

these apartments crumbled. On

their hands and knees, searchers

burrow into the mess. Disstraight

relatives of the missing wait

nearby. But the news isn't good.

Experts say people in this

situation can survive for up to

four or five days if trapped in air

pockets. But sadly, as the days

pass, emergency crews are pulling

out less survivors and more bodies.

Up to 50,000 are displaced. A new

sea of emergency tents has become

their temporary home. These are

terrible conditions. It was so cold. terrible conditions. It was so cold.

With 15,000 buildings destroyed,

construction teams will soon begin

surveying those still standing to

see if residents can move back in.

But many may now choose not to return.

Former cycling World Champion

Jobie Dajka has been found dead in

his Adelaide home. Police were

his Adelaide home. Police were

called to the house late yesterday.

He won gold at the 2002

Commonwealth Games but has since

battled alcohol, drugs and

depression. He was accused of

lying during a doping

investigation in 2004. The champion

cyclist was also convicted of

assaulting his coach and stealing cigarettes.

Meanwhile, disgraced swimmer Nick Meanwhile, disgraced swimmer Nick

D'Arcy is reportedly considering

taking legal action to force his

way back into the Australian squad.

The controversial athlete has been

told that he won't be part of the

team for the world championships in

Rome in July even though he

qualified with a national record

time. D'Arcy is serve ago 14-month

suspended sentence for a serious

assault on fellow swimmer Simon Cowley.

Prime Minister Kevin Rudd has lent

his voice for the call to have the

big banks pass on the full interest

rate cut. The banks -- the Reserve

Bank cut the official rate by 0.25%.

The NAB is refusing to pass on any

of the rate and the Commonwealth

passed on only 0.1%. That's why I'm

urpbling them to reconsider. At the

end of the day, this is a

competitive market and we'll see

what all of the banks do in

response to the decision. The

official cash rate is now just 3%.

The lowest level in 49 years.

The Federal Government's biggest

infrastructure project in

Australian history could be blocked

in the Senate. The Opposition says

the plan to build a high speed

broadband network is a waste of money.

The plan would deliver high speed

Internet access to 90 pearls of

Australians, but it costs $43

billion. Money the Opposition says

Australia doesn't have. We have

grave doubts about whether it is

commercially feasible in the first

place. The Federal Government will

take a 51 stake in a new company to

build the network, but it is is

relying on the private sector to

chip in more than $20 billion. If

it doesn't... The Government, if

there are no private sector partners

partners would potentially be up

for the remaining $22 billion. We

are confident that we'll get some

response from institutional

investors and corporations within

the telecommunications sector. The

broadband network would be rolled

out over eight years and sold off

over five. To get a return on a $43

billion investment in doing this,

you would almost certainly have to

charge Australians at least twice

what they currently pay for the

broadband service they now receive.

It is by far and above, the

superior technology for the

foreseable future. The Opposition

isn't ruling out blocking the

project in the Senate.

Police in Victoria are on the hunt

for scammers after another skimming

device was found on a Melbourne ATM.

The device was discovered at a

Bayside bank by an employee. The

card was a little bit difficult to

go in and she had seen a

presentation about tampered ATMs

and she was convinced when she

couldn't see the flashing lights.

It's the 10th skimmer found in

Melbourne this year. Last month, five Romanian men were carriaged

with using skimmers to steal almost

$1 million from up to 5,000 accounts.

US President Barack Obama made a

surprise visit to Iraq. Soldiers

mobbed the President when he turned

up unannounced at Camp Victory.

President Obama has landed in

Baghdad. The first visit to the war

zone since taking office. The

surprise trip came as the commander

in chief was on his way back to

Washington after eight days in

Europe. The President touched down

in Iraq just hours after a car bomb

exploded in a shit neighbourhood

of Baghdad. A reminder of the

deadly violence which has killed

more than 4200 US troops since the

war began over six years ago. He

told US forces in Camp Victory that

the time to transition to the

Iraqis has come. US forces cheered

as he went on to say that the Iraqis need to take responsibility

for their own country. The

commander in chief has laid out

plans to withdraw most American

combat troops over the country over

the course of 19 months. When the

19 months are over, as many as 15,000 American troops are expected

to be there. Their mission is

counterterrorism and training Iraqi forces.

Sydney co-captain Brett Kirk has

left the AFL tribunal with a

lighter wallet but free to play against the braip Lions this

weekend. He escaped a one match

ban for wrecklessly making contact with an umpire.

It was a case of justice prevailing

for Brett Kirk. Clearly unable to

avoid colliding with the umpire,

the Swan had his one-match ban

thrown out and instead handed a

$1,900 fine. I'm happy to play this

weekend. Brisbane lion Luke Power

also escaping his run in with the

law. The tribunal clearing him.

Port Adelaide's Daniel Motlop was

found not guilty of striking West

Coast's Adam Hunter. A lack of

video evidence saw the goal sneak

side step a two match ban. We spoke

to Adam Hunter as the AFL

encourages to do and he was very

forthright in what he said to us

and he didn't think there was

anything there. The tribunal also

letting north Melbourne's Michael

Ferrito off for his tangle. The

only casualty of the might was

Essendon's Adam McPhee. His three

match suspension was downgrade

today one. It's understood that the

Bombers will review the decision.

More problems for the Cronulla

Sharks in the wake of three

straight losses with three players

suspended for this weekend's NRL.

Captain Paul Gallen has been outed

for two games after pleading guilty.

Winger Misi Talaupapa and Kade

Snowden were suspended for one game.

The Sharks promoting unnamed

teenagers Matthew Wright and

this weekend. Jonathan Mannah to make their debut

It has been a second straight day

of falls on Wall Street has

investors brace for a wave of

quarterly company reports which may

be full of bad news. Here with the details is Juliana Roadley from

Commsec. The market is still jitter

yey despite the recent gains. It is,

and I think it was that quarterly

reporting season that worried

investors. We already heard from

Alcoa who came out and said that

their sales were lower than their sales were lower than

expected. They reported a loss in

the first quarter of 2009 of $497

million. Now, that is just below

expectations. There were other

things worrying the US markets.

Talk that General Motors is Talk that General Motors is

preparing for bankruptcy. More

worry in the banks and also the

energy sector being pulled lower.

By the close, the DOW was off by

186 points and the NASDAQ off by 43.

Back home, will our market follow

suit today? I think it will. Look,

yesterday we had a lot on our

plates. We had the rate cut and the

broadband roll out. Today it will

be looking at the fundamentals.

Today we're looking for a slide of

63 points at the open following on

from the losses. Oil is lower off

by 3.7%. Now just above $49 a

barrel. The miners, they might get

a bit of a kick alongment the gold

price rebounding by $10 so there

might be a soft spot there.

Weather check right now:

Still ahead on ten's early news,

the latest from the scene of the

deadly Italian earthquake. And not

again - another journalist throws a

shoe at an unpopular politician in

that next! front of the cameras. We've got

This program is captioned live.

Headlines on the quarter hour on

Ten's Early News. Another strong

quake has hit the already ravaged

area of central Italy. The death

toll rising as desperate efforts

to find survivors continue.

The RBA cuts rates as expected but

the banks stay true to form and decide to keep it all for

themselves. The Commonwealth though

hands on some of it. This one is

definitely mine. In sport, Brett

Stewart denies sex assault charges

in court. And we may have reached

the bottom of the recession, but

hundreds more job losses in the

mining strip means that pain for mining strip means that pain for

many is set to continue.

Another violent tremor has shaken

earthquake ravaged parts earthquake ravaged parts of Italy.

Seismologists say that the latest

quake two and a half hours ago

measured a.7 on the Richter scale.

The one that caused so much

destruction on Monday measured 5.8.

This morning's tremor sent

rescuers fleeing from damaged

residents in L'Aquila. Ten's Europe correspondent Danielle

Isdale felt the quake. She's there

reporting on the scene for us. Tell

us what you felt this morning? Well,

we had come back to Rome to file

we had come back to Rome to file

some stories about an hour and a

half drive from L'Aquila. We were

in the top of our 4th story hotel

high rise, and all of a sudden,

everything started to shake around

us. The floor moved and the walls

moved. A pretty unnerving moved. A pretty unnerving

experience, but far away from the

epicentre. So if we felt it here,

the first thought is gosh, what's

going on back in L'Aquila. It is

the last thing that they needed,

another massive tremor like this. Panicking residents and rescue

workers alike. Now on top of all of

the buildings that collapsed last

time, more structures have come

down. We've got reports of injuries

trickling in. There has been a

report of one death, but that's

since been withdrawn. A bit of

confusion there. For all of the

homeless people, the people

displaced because of the last

quake, they're staying in tent

cities outside of L'Aquila. This experience must have been

terrifying for them, and we were in

a position where construction

workers were going to go into the

buildings left standing tomorrow to

see if residents could start to

move back in. Now, after this

violent tremor and I suspect many

won want to return even if they

could. Thank you, our Europe

correspondent Danielle Isdale

reporting live there from Rome.

Australian cyclist Jobie Dajka has

been found dead in his Adelaide

home. The Commonwealth Games gold

medallist had battled drug

addictions and depression since

being dumped from the Australian being dumped from the Australian

team for the Athens 2004 Olympics.

Police were called to the

27-year-old's laitd home yesterday Police were called to the

after he was found collapsed

inside. She said, I haven't seen

inside. She said, I haven't seen

him for a few day and she found him

on the couch. The troubled former

cycling World Champion has cycling World Champion has

battled alcohol and depression

since being accused of lying

during a doping investigation in

2004 which saw him dumped from the

Australian team ahead of the Athens

Olympics. He's also been accused

of attacking his parents and

convicted of assaulting his coach,

driving offences and stealing

cigarettes. Dajka won't gold at the Manchester Commonwealth Games in

2004 and was the 2003 World

Champion. The cause of his death is

still unknown. While swimmer Nick

D'Arcy is considering legal action

after being kicked off the national

team for the 2009 world titles in

Rome. D'Arcy's coach has called the

decision ridiculous and that his

swimmer might now give up the sport.

I can't believe that this thing is

continuing to go on. It raises the

question of how long do you get to

punish somebody tore the same thing.

Swimming Australia cut D'Arcy after

he received a suspended sentence

for assaulting a former swimmer.

The Prime Minister is unhappy with

two of the big banks for short

changing borrowers. The RBA has

slashed the official interest rate

to 3%, but the National Australia

Bank is so far refusing to lower

its rates. The Commonwealth Bank is

passing on just a fraction of the

cut. The banks are back in the bad

books. For decisions announced by

two of them today, I don't thank

them for that. The bank's surprise

move to cut the official cash rate

was overshadowed by the NAB's

decision to pocket the entire

reduction. The Commonwealth Bank

was fractionally more generous,

reducing its standard variable

loan by 30.1%. This decision is

disappointing and I would urge them

to reconsider. The banks say the

price they pay for money on

overseas markets is still high

because of the credit crisis. because of the credit crisis.

Certainly, banks would love to be

able to pass this on to borrowers

but they need to be mindful about profits. The indication should be

that they can be passed on. At

least a major or part of the rate

cut. If any of the banks do pass it

on in full t will reduce the

repayment on an average home loan

by about $40 a month.

The bank's actions go against the

Reserve's judgment of scope for a

modest lowers of the cash rate

wirbgs along with the bonus

payments flowing to millions of

Australians is supposed to further

stimulate the company. Foil

Businesses say there's no excuse.

Banks need to get closer to the

customers and indeed, pass on the

rate reduction.

The Government has admitted

taxpayers could foot the bill for a

$43 billion broadband network if it

can't find private sector partners.

The PM said that people will have

the chance to invest, but the Communications Minister claims that Communications Minister claims that

the plans don't depend on getting

that support. The Government, if

there are no private sector

partners would potentially be up

for the remaining $22 billion. 90%

of Australian homes and businesses

will receive the new faster will receive the new faster

connection. Noul Two men have

terrorised a woman during an armed terrorised a woman during an armed

robbery on the Gold Coast. The pair,

one armed with a rifele stormed into the service station this

morning. They demanded money from

the attendant and emptied the cash

drawer. They fled in a stolen car.

A neo-Nazi group is in trouble for

planning racist concerts in Perth on Anzac Day. A group calling

itself Blood and Honour has

organised a punk music concert to

sing and dance about white

supremacy. The RSL is unimpressed.

It's a special day for all

Australians and to see this which

smacks at our values and society

being promoted at this time is

highly offensive. The concert

location is under wraps, but

similar events are reportedly being

planned in other capital cities.

US President Barack Obama is flying

home to Washington following a

surprise visit to Iraq. His

arrival in Baghdad sparked a stand

ovation from the troops. Mr Obama

was mobbed by ecstatic soldiers. He was mobbed by ecstatic soldiers. He

warned Iraqi leaders they'll have

to look after their country

themselves. US combat operations

are due to end by August of next year.

Show throwing appears to be

gathering popularity as a form of

protest. The latest happened this

in India. morning during a media conference

OK, please take him away. OK,

gently, gently. The show thrower

was a journalist who thought that

India's home minister was ducking

his questions. Coincidentally,

Iraq's show thrower who targeted

George Bush had his sentence George Bush had his sentence

reduced this morning to just one

year in jail.

Essendon's Adam McPhee was the only

casualty at the AFL tribunal

overnight. He was one of five

players out to clear their names

ahead of round three, but the

Bomber could only manage to have

the three match sanction for

striking Scott Thornton downgraded

to one match. Port Adelaide's

Daniel Motlop escaped charges for

striking, while Sydney swans

co-captain Brett Kirk and Brisbane

lion Luke Power had their ump bumps

thrown out.

NRL premiers Manly say that Brett

Stewart won't be the club savour

when he returns from suspension

against the Wests Tigers on Sunday.

The seeingles are desperate for the

first one of the season. first one of the season.

While Brett Stewart was fronting

sexual assault allegations in court,

his captain and coach was taking his captain and coach was taking

some of the heat off him. He's not

under any pressure. He'll come back

into the side and renew his role. I

think we've had enough questions

and enough theories and another

angles on Brett Stewart. We're not

exing at all for him to go out and

be a match winner. It's his first

game since the world club challenge

and you've got to be at match

fitness. The captain not expecting

the Wests Tigers to sledge Stewart

about his offfield troubles.

Stewart has pleaded not guilty. I

don't think that the players will

don't think that the players will do that at all, I don't think

that's a concern. And indon't think

that it will worry Brett because

he's done nothing wrong. Obviously, he's done nothing wrong. Obviously,

he's been stood down for being

drunk at an official function. So I

don't think there's too much ribbing

they can give him out of that.

Frank is back with finance now. And

it's typical now that we get an

interest rate cut, the banks won't

pass it on. It's one step forward

and two steps back. It's a bit of a

dirty dance. Let's get into it and

tell you that despite the positive

news and the interest rate cuts and

the broadband plans, there are the

job losses that will make the

recession last longer. News this

morning that 700 more workers are

to be slashed from Rio Tinto. On

that, the news is no better in the

west with news that hundreds more

mining jobs in WA have been dumped

by Iluka resources. The mine has

been forced to cut production by

20%. One part to be shut down with

a part which has been running for 50

years. Noi Stocks have retreated

for a second session in the US as

investors forgetted about another

bleak session. And news that

General Motors is set to be

preparing for bankruptcy.

Briefly in other business news this

morning, Flight Centre forecasts

its profit will fall by up to 7 a%

because of a slump in air travel.

The Royal bank of Scotland says it

might cut as many as 9,000 jobs worldwide.

Nick Xenophon will feature in an ad

today opposing Chinalco's bid for

Rio Tinto.

And Productivity Commissioner says

that the salary probe will not be a witch hundred.

Thereer is the weather on the screen right now:

Let's check the websites from

around the world for you. The

'Japan Times' says the Government

may impose new sanctions against

North Korea for the recent missile launch.

The Chicago Tribune has more on

Barack Obama's unannounced tribute.

And it must be the haggis, the

Scotsman says that Scotland is in

the grip of a diabetes epidemic

with 200 people a week diagnosed

with the illness.

Still ahead, the latest from Italy.

And trekys go where no man has gone

before. Beam me up to the Opera

House, Scotty. We've got that next! GOOD MORNING, I'M FIONA NELSON. FIRST, THE A - TRIPLE - C, IS URGING US, TO FILL UP OUR CARS, WHILE PRICES ARE RELATIVELY CHEAP. COMMISSIONER JOE DIMASI, HAS WARNED, THAT PRICES MAY RISE, IN THE LEAD UP TO THE EASTER BREAK. IT FOLLOWS CALLS, BY THE N-R-M-A LAST WEEK, TO TOP UP YOUR TANK, BEFORE GOOD FRIDAY. THE AVERAGE PRICE OF UNLEADED FUEL IN GOULBURN TODAY, IS CLOSE TO A DOLLAR 20 A LITRE, WHILE IN THE CAPITAL, IT'S CLOSER TO A DOLLAR 15. THE A-C-T GOVERNMENT, WILL GET AN EXTRA SIX MILLION DOLLARS FUNDING, TO EXPAND HOME AND COMMUNITY CARE SERVICES, IN THE TERRITORY. AGEING MINISTER, JOHN HARGREAVES, AND HIS FEDERAL

COUNTERPART, JUSTINE ELLIOT, ANNOUNCED THE NINE PER CENT INCREASE YESTERDAY. BELCONNEN, WODEN, AND SOUTHSIDE COMMUNITY

SERVICES, ARE AMONG THOSE TIPPED TO BENEFIT FROM THE FUNDING. A PRISONER, AT THE BELCONNEN REMAND CENTRE, IS DUE TO FACE COURT TODAY... HE'S CHARGED WITH RAPING TODAY... HE'S CHARGED WITH RAPING HIS 19 YEAR OLD CELL MATE, IN TWO THOUSAND AND SEVEN. 50 YEAR OLD KEVIN JOHN JONES, HAS BEEN FOUND GUILTY OF RAPING HIS CELL MATE, ON THE 11TH OF DECEMBER, AFTER THE TWO PLAYED A GAME OF CARDS. AFTER THE TWO PLAYED A GAME OF CARDS. AND THE RAIDERS, WILL KEEP SCOTT LOGAN, AND DAVID SHILLINGTON, IN THE FRONT ROW, FOR THIS SATURDAY'S MATCH AGAINST THE SHARKS. THE RAIDERS, HAVE A QUICK TURN AROUND, AFTER THE SIDE WON THEIR MONDAY NIGHT FOOTBALL CLASH, WITH THE COWBOYS THIS WEEK. DESPITE A FEW INJURY CONCERNS, COACH DAVID

FURNER IS CONFIDENT, HIS SIDE CAN MAKE IT TWO IN A

A ROW THIS WEEKEND.

A STRONG HIGH PRESSURE SYSTEM CENTRED OVER THE

BIGHT, EXTENDS A RIDGE ACROSS SOUTHERN NEW SOUTH WALES - MAINTAINING FINE CONDITIONS.

LOOKING ACROSS THE NATION - SUNNY IN CANBERRA, PERTH TODAY - PARTLY CLOUDY FOR SYDNEY - AND A SHOWER OR TWO FOR MELBOURNE

CHECKING WHAT TO EXPECT ACROSS SOUTHERN NEW SOUTH WALES TODAY - MOSTLY SUNNY WITH A TOP OF 26 FOR DUBBO - 20 DEGREES THE TOP FOR THE GONG MOSTLY SUNNY AND 22 FOR BATHURST - 19 THE EXPECTED TOP FOR BOWRAL - WINDY AND 13 FOR PERISHER FROST THEN A SUNNY DAY FOR COOMA 21 - CLOUDY FOR NOWRA 22 - 26 THE TOP TODAY FOR PARKES

LOOKING AHEAD - THE NEXT FEW DAYS ARE LOOKING FINE ARE LOOKING FINE TOMORROW SHOULD BE SUNNY WITH A TOP

OF 23 MOSTLY SUNNY ON FRIDAY

AND WE'LL HAVE CLOUD INCREASING ON SATURDAY

Headlines every 15mips. Another big

quake hits central italily and

Police called np as an Australian

World Champion cyclist is found

dead at his home at the age of 27.

US President Barack Obama can't do

anything wrong. He's wowed the

troops by making an unannounced trip to Iraq.

A violent aftershock has rocked

earthquake ravaged Italy. The

tremor terrified rescuers still

looking for victims in L'Aquila.

It's moments like these that keep

the thousands of emergency crews

going. 24-year-old Marta Valente

pulled from the rubble of a

building. Stories like hers and

that of a 98-year-old woman making

it out alive after 30 hours gives

searchers the hope that they need.

Italy's Prime Minister says the

rescue mission will continue for

two days with severe aftershocks

making the work more difficult and dangerous. Ten people were

believed to be trapped when these

apartments crumbled and on their

hands and knees, searchers burrow

into the mess. Distraught relatives

wait nearby, but the wait isn't

good.

Experts say that people in this

situation can survive for four to

five days if trapped beneath air

pockets. But as the days pass,

emergency crews are pulling out

less survivors and more bodies.

Up to 50,000 are now displaced. A

blue sea has become their temporary home. TRANSLATION: These are terrible

conditions. It was so cold all

night. With 15,000 buildings

destroyed, construction teams will

soon begin surveying those still

standing to see if residents can

move back in. But many may now

choose not to return.

Former cycling World Champion

Jobie Dajka has been found dead in

his home in Adelaide. Police were

called to the house yesterday.

Dajka won gold at the 2002

Commonwealth Games but has since

battled alcohol, drugs and

depression. He was accused of

lying during a doping

investigation back in 2004. The

champion cyclist was also

convicted of assaulting his coach

and stealing cigarettes.

Meanwhile, disgraced swimmer Nick

D'Arcy is reportedly considering

legal action to force his way back

into the Australian squad. The controversial athlete has been

told he won't be part of the team

for the world championships in Rome

in July even though he qualified

with a national record time. D'Arcy

is serving a 14-month suspended

sentence for a serious assault on

fellow swimmer Simon Cowley.

The Federal Government's serious

infrastructure project could be

blocked in the Senate. The

Opposition says the plan to build a

high speed broadband network is a

waste of money.

The plan would deliver high speed

Internet access to 90% of

Australians but it costs $43

billion. Money the Opposition says

Australia doesn't have. We have

grave doubts about whether it is commercially feasible in the first

place. The Federal Government will

take a 51% stake in a new company

to build the network, but it's

relying on the private sector to

chip in more than $20 billion F it

doesn't... The Government, if there

are no private sector partners

would potentially be up for the

remaining $22 billion. We are

confident that we'll get some response from institutional

investors, from corporations within

the telecommunications sector. The

broadband network would be rolled

out over eight years and then sold

off after five. To get a return on

a $43 billion investment on doing

this, you would almost certainly

have to charge Australians at least

twice what they currently pay for

the broadband service they now the broadband service they now

receive. Sno it is, by far and

above the superior tech noly for

the fear seable future.

The parents of a missing Chinese

student feared drowned on the Gold

Coast are expected to arrive in

Australia today. 17-year-old

Jeffrey Gong was swept out to sea

on Monday. He was swimming on a

patrolled beach with friends when he

got caught in a rip. Lifeguards and

police are still searching but

concede that they're now looking

for his body. Meanwhile, a search

for a missing fisherman off Moreton

Island is expected to be scaled Island is expected to be scaled down today. US President Barack Obama has

received a standing ovation today

during a surprise visit to Iraq.

Soldiers mobbed the President when

he turned up unannounced at Camp Victory.

President Obama has landed in

Baghdad. His first visit to the war

zone since taking office. The

surprise trip came as the commander surprise trip came as the commander

in chief was on his way back to

Washington after eight days in

Europe. The President touched down

in Iraq just hours after a car bomb

exploded in a shit neighbourhood

of Baghdad. A reminder of the

deadly violence -- in a shit neighbourhood of

He told US forces that the time to

transition has come. US forces

cheered as she said that the Iraqis

need to take responsibility for

their own country. The commander in

chief has laid out plans to

withdraw most American combat

troops. When the 19 months are over,

as many as 50 ,000 American troops

are expected to remain in Iraq. The

mission will be counterterrorism

and training Iraqi forces.

A new crew of the star ship

enterprise has beamed down to the

red carpet in Sydney. Fans lined

up at the stairs of the Opera House

to catch a glimpse of their

favourite stars at the world

premiere of the new Star Trek movie.

To get a chance to play a victim

anti-that no one has seen before

and a chance to work with JJ. It's

a huge thrill. The film is a

prequel dealing with the early days prequel dealing with the early days

of Captain Kirk and Mr Spock. Now,

that's logical!

Sydney co-captain Brett Kirk, not

of the USS Enterprise has left the

AFL tribunal with a lighter wallet

but free to play. He escaped a one

match ban for wrecklessly making

contact with the umpire.

It was a case of justice prevailing

for Brett Kirk. Clearly unable to

avoid colliding, he had his one

match ban thrown out. Instead,

handed a $1,900 fine. I'm happy to

play this week and I'll move on

quick thri from this. Luke Power

also escaping his run in with the

law. The tribunal clearing him.

Port Adelaide's Daniel Motlop was

found not guilty of striking West found not guilty of striking West

Coast's Adam Hunter. A lack of

video evidence saw him side step a

two match ban. We spoke to Adam two match ban. We spoke to Adam

Hupter as the AFL encouraged us to

do yesterday and he was fort right

in what he said to us and ep didn't

think there was anything there. The tribunal also letting north

Melbourne's Michael Ferr tirbgs o

off. The only casualty of the noigt

- Essendon's Adam McPhee. His three

match sanction downgraded to one

for striking Fremantle's Scott

Thornton. It's understood that the

Bombers will review the decision.

More problems for the Cronulla

Sharks in the wake of three

straight losses with three players

suspended for this weekend's NRL.

Captain Paul Gallen has been outed

for three games. While winger Misi

Talaupapa and prop Kade Snowden

were suspended for one game for

dangerous conduct. The Sharks

promoting teenagers Matthew

Wright and Jonathan Mannah to make

their NRL debuts against Canberra.

The opening day of competition of

the Rip Curl Pro has seen the new

man on man elimination. Australian

wild card entrant Owen Wright

defeated Dane Reynolds. I let him

have what I thought was a crap wave

and he got a 6.8. He's definitely a

solid competitive. Fellow American solid competitive. Fellow American

Taylor Knox had a better session.

The 9.17 ride, the second highest

score of the day.

It's been a second straight day of

falls on Wall Street as investors

brace for a wave of quarterly

company reports that may be full of

bad news. Here with the details is

Rodan red from Commsec. The market

is

There was talk that General Motors

is preparing for bankruptcy, and

also more worries about lending in

the energy markets, but most of the

worries on the first quarter

reporting season that kicked off

after the bell. There's

expectations we could see falls of

as much as 22% to 35% in the as much as 22% to 35% in the quarterly results, compared to

2007. Alcoa was out , wore than

expected. They've seen a 50% fall

in aluminium prices and really bad

demand hurting their stock. The DOW

off by 186 points and NASDAQ off by

43. Will our market follow suit

today do you think? It looks like

we're setting up for another slide

today. The market - well the SPI

has our market set to open down 63

points this morning. And the gold

price rebounding $10, so that will

work in the miner's favours.

The Prime Minister has added his

voice to the call for the big banks

to pass on the full interest rate

cut. The Reserve Bank has reduced

rate by 0.25% to further boost the

economy. The National Australia

Bank is refusing to pass on any of

the cut. While the Commonwealth

Bank has lowered the standard home

loan by just 0.1%. That's why I am

anticipate urging them to anticipate urging them to

reconsider. At the end of the day,

this is a competitive market and

we'll see what all of the banks do

in response to this decision. The

official cash rate now sits at 3%.

That's the lowest in 49 years.

Briefly in other business news:

That's it for the business news.

Eye to the screen, one more look at

the weather before we go:

Nari the dolphin has been reunited with his family after being

released into the wild. He was

mauled by a shark two months ago.

He was captured and nursed back

to health on the Gold Coast. He

showed off an impressive set of

white scars to his mates and turned

to thank his rescuers before

swimming off into the night.

Recapping our top stories on Ten's

Early News. Another big quake hits

central Italy. The death toll goes

over 200 as crews continue the

frantic search for survivors. frantic search for survivors.

Police called in as an Australian Police called in as an Australian

World Champion cyclist is found

dead in his home at the age of 27.

And US President Barack Obama

surprises everyone by making an

unannounced trip to Iraq on his

way home from Europe.

That's it from Ten's Early News.

I'm Ron Wilson. And I'm Frank

Colletta, enjoy your day.

Supertext Captions by Red Bee Media Australia www.redbeemedia.com.au CAPTIONED BY SONG: # Nobody told me # About the secret # Can you keep a secret? # How it would turn my life this way # I am you, you are me # In this double life I have the power to be # I need a place for me Two worlds forever # Two worlds # We are more than we are we want to be today # We are everything # So grab the key, unlock the door

# Have the power # Two worlds # I need a place for me Two worlds forever. # # Two worlds when I'm dreaming ALEX: (SINGS) # I get love # I get love when you're there # All those times now are changing