[Plugin: News-Ticker] JavaScript Error & Outputs a List

I’m having a problem with the news ticker. Right now it is only showing a list of items. Problem is that I’m also getting this JavaScript error when I look at the error console of firebug.

TypeError: ‘undefined’ is not a function (evaluating ‘jQuery(‘#news-ticker’).cycle({
pause: 1,
sync: 0,
speed: 1000,
timeout: 2000,
height: 20,
fx: ‘fade’
})’)

Why am I getting the error and how do I fix it?

http://ww.wp.xz.cn/extend/plugins/news-ticker/