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Israel reverses seizure of Associated Press camera footage after intense backlash
Léo Correa/AP
Smoke rises into the sky after the explosion in the Gaza Strip, seen from southern Israel on Tuesday, May 21, 2024.
CNN –
In a sharp reversal, Israel said on Tuesday it would return cameras and broadcasting equipment it had seized from the Associated Press in the southern Israeli city of Sderot on Tuesday, after the move sparked a swift reaction from authorities and groups. US press.
In a statement on Tuesday, Israeli Communications Minister Shlomo Karhi said he “ordered the equipment to be returned to the AP news agency” because the “Israeli Ministry of Defense requested that it re-examine the issue of transmissions from locations sensitive and their effect on the risk of our forces.
Earlier in the day, the Associated Press said Israeli authorities turned off its camera’s live broadcast of Gaza and seized its equipment, in what it called an “abusive use by the Israeli government of Israel’s new foreign broadcasting law.” country”.
“The Associated Press condemns in the strongest terms the actions of the Israeli government,” the nonprofit news collective said in a statement. “We ask the Israeli authorities to return our equipment and allow us to immediately reinstate our live broadcast so that we can continue to provide this important visual journalism to thousands of media outlets around the world.”
Karhi said the AP’s feed was cut off and equipment seized because the AP was providing content to Al Jazeera after the Qatar-based network was banned in the country.
The Israeli military regularly classifies areas around Gaza as “closed military zones,” restricting movement there. The AP’s live broadcast provided insight into the actions in Gaza, where no independent journalists can operate due to Israeli and Egyptian restrictions on entry into the strip.
The Israeli government’s decision to return broadcast equipment to the AP came after the White House expressed concerns to the Netanyahu-led government, a White House official told CNN.
“As soon as we learned of the reports, the White House and State Department immediately engaged with the Israeli government at high levels to express our serious concerns and ask them to reverse this action, which they have publicly committed to do,” he said. the National. Security Council spokeswoman Adrienne Watson told CNN. “The free press is an essential pillar of democracy and members of the media, including the AP, do vital work that must be respected.”
The Associated Press applauded the Israeli Communications Ministry’s decision to return its equipment, but said it remains concerned about the law at the center of the action.
“While we are pleased with this development, we remain concerned about the Israeli government’s use of the foreign broadcast law and the ability of independent journalists to operate freely in Israel.”
Previously, the Foreign Press Association expressed its alarm over the closure and confiscation.
“Israel’s actions today are a slippery slope. Israel could prevent other international news agencies from providing live footage from Gaza. It could also allow Israel to block media coverage of virtually any news event for vague security reasons,” the FPA said in a statement.
The change comes weeks later Israel closed Al Jazeera’s operations in the country, raiding the media outlet’s offices and seizing its communications equipment, drew swift condemnation from the United Nations and human rights groups over Israeli Prime Minister Benjamin Netanyahu’s moves to restrict freedom of the press.
The law passed by Israel’s parliament last month gives the prime minister and communications minister the authority to “temporarily” order the closure of foreign networks operating in Israel that are considered a threat to national security. News organizations may be banned for a period of 45 days, although the government may renew the ban for additional 45-day periods. The law itself is also technically temporary and will expire on July 31 or earlier if a war-related emergency declaration is canceled.
Several legal challenges to the law are pending in Israeli courts. Israel’s Supreme Court recently refused to issue an emergency injunction against the law put forward by the Association for Civil Rights in Israel, although a hearing on the challenge is expected to be held by June 6.
The group stated in its petition presented at the beginning of April that the law “violates freedom of expression, the right to information and freedom of the press” and “tramples the principles of the rule of law and the independence of the judiciary, since includes a “substitution clause” that prevents the court from overturning an illegal decision.” Another legal challenge was filed in the Tel Aviv District Court.
In an earlier statement, Karhi accused the AP of violating its new law by providing a feed to its thousands of news clients, including Al Jazeera.
The confiscated equipment included a camera, tripod, two microphones and transmission equipment, the statement said.
Press freedom group Reporters Without Borders condemned Israel’s decision to seize the equipment.
“After having banned Al Jazeera, Israel is attacking the PA,” he said in a statement. “RSF denounces the seizure of the media outlet’s camera and the interruption of the continuous transmission filming Gaza under the pretext that these images are provided, among others, to Al Jazeera.”
The Israeli Journalists Union also condemned the act, calling it “a serious threat to press freedom and democracy.”
Israeli opposition leader Yair Lapid also denounced the seizure as “an act of madness”.
“This is not Al Jazeera, it is an American media outlet that has won 53 Pulitzer Prizes,” he said in a statement. “This government behaves as if it has decided to guarantee at any cost that Israel will be excluded from the entire world. They went crazy.
The spotlight next week will shift somewhat to the Federal Reserve’s second-quarter earnings season and monetary policy. Market watchers will be treated to results from several major names, including Dow 30 components Goldman Sachs (GS), UnitedHealth (UNH), Johnson & Johnson (JNJ) and American Express (AXP), along with streaming giant Netflix (NFLX).
The Fed will still attract some attention as investors will be eager to hear from a packed lineup of central bank speakers just before the policy meeting lockout period.
In terms of the economic calendar, after fifteen days of labor market and inflation indicators, activity data will gain momentum in the form of the latest retail sales and industrial production reports.
Earnings Highlight: Monday, July 15 – Goldman Sachs (GS) and BlackRock (Black). See the full earnings calendar.
Earnings Highlight: Tuesday, July 16 – UnitedHealth (UNH), Bank of America (BAC), Progressive (PGR), Morgan Stanley (IN), PNC Financial (PNC) and JB Hunt Transport (JBHT). See the full earnings calendar.
Earnings Highlight: Wednesday, July 17 – Johnson & Johnson (JNJ), US Bancorp (USB), Morgan Children (KMI), United Airlines (UAL) and Ally Financial (ALLY). See the full earnings calendar.
Earnings Highlight: Thursday, July 18 – Netflix (NFLX), Abbott Laboratories (ABT), Black stone (BX), Domino’s pizza (ZDP) and Taiwan Semiconductor Manufacturing (TSM). See the full earnings calendar.
Earnings Highlight: Friday, July 19 – American Express (AXP), Halliburton (THANKS) and Travelers (VRT (return to recoverable value)) See the full earnings calendar.
IPO Observation: Hospital and healthcare clinic operator Ardent Health Partners (TARDT), insurance service provider Twfg (TWFG) and the biotechnology company Lirum Therapeutics (LRTX) are expected to price their IPOs and begin trading next week. The analyst quiet period ends at Rectitude (RECT) to free up analysts to publish ratings.
Police cars outside the residence of Thomas Matthew Crooks, the suspected shooter at a Trump rally on Saturday, investigate the area in Pennsylvania. Following the incident, one rally attendee was killed, two rally attendees are in critical condition and Donald Trump suffered a non-fatal gunshot wound. The shooter is dead after being shot dead by the United States Secret Service. (Photo by Kyle Mazza/Anadolu via Getty Images)
Investors will initially favor traditional safe-haven assets and may lean toward trades more closely tied to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers.
“There will undoubtedly be some protectionist or safe-haven flows into Asia early this morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I suspect gold could test all-time highs, we’ll see the yen being bought and the dollar, and flows into Treasuries as well.”
Early market commentary suggested Trump’s shooting at a rally in Pennsylvania on Saturday could also prompt traders to increase his likelihood of success in the November election. His support for looser fiscal policy and higher tariffs is generally seen as likely to benefit the dollar and weaken Treasuries.
An indicator of market sentiment heading into the weekend: Bitcoin surged above $60,000, likely reflecting Trump’s pro-crypto stance.
Other assets positively linked to the so-called Trump trade include stocks of energy companies, private prisons, credit card companies and health insurers.
Traders will also be closely watching market measures of expected volatility on Monday, such as those in the tariff-sensitive Chinese yuan and Mexican peso, which have begun to price in the U.S. vote.
Trump said he was shot in the right ear after a shooting at his rally. His campaign said in a statement that he was “fine” after the incident, which prompted him to rush off the stage.
“Currencies will be the first major market on Monday in Asia to react to the weekend’s shots. There’s potential for extra volatility, and getting a clear reading could be especially difficult because liquidity will be hurt by Japan’s national holiday,” said Garfield Reynolds, Asia team leader for Bloomberg Markets Live.
Strategists had already expected a volatile run-up to the election, particularly as Democrats are still agonizing over President Joe Biden’s candidacy after his poor performance in last month’s debate raised questions about his age. Investors were also grappling with the possibility that the election could end in a drawn-out dispute or political violence.
But there is little precedent for events like those in Pennsylvania. When President Ronald Reagan was shot four decades ago, the stock market plunged before closing early. The next day, March 31, 1981, the S&P 500 rose more than 1% and benchmark 10-year Treasury yields fell 9 basis points to 13.13%, according to data compiled by Bloomberg.
Bond investors should pay particular attention as the attack is likely to boost Trump’s election chances and ultimately lead to concerns about the fiscal outlook, according to Marko Papic, chief strategist at California-based BCA Research Inc.
“The bond market must at some point become aware of President Trump’s greater chances of winning the White House than any of his rivals,” Papic wrote. “And I continue to believe that as his chances increase, so too must the likelihood of a bond market revolt.”
Kyle Rodda, senior financial markets analyst at Capital.com, said he was seeing client flows into Bitcoin and gold following the shooting.
“This news marks a turning point in American policy norms,” he said. “For markets, it means safe-haven trades, but more tilted toward non-traditional safe-havens.”
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Jio Financial share price: Should you buy this Reliance group stock on Monday ahead of Q1 FY2024 results?
Q1 2024 Results: Jio Financial Share Price will be in focus on Monday as the Reliance Group company has a fixed board meeting on July 15, 2024 to consider and approve the company’s unaudited standalone and consolidated financial results. Trust Group company informed about the Q1 2024 Results date on Wednesday last week via an exchange filing. According to stock market experts, Jio Financial Services Limited is poised to deliver impressive Q1 results for FY25 on solid operating income. They have forecast a healthy QoQ PAT for the company in Q1 FY25.
Jio Financial Services News
Speaking on the Jio Financial Services Q1 2024 results, Manish Chowdhury, Head of Research, StoxBox, said, “We believe Jio Financial Services is poised to deliver impressive results in Q1FY25 aided by its operating income, which is likely to show robust growth driven by strong investment income, which in turn should lead to healthy PAT growth on a sequential basis. Jio Financial Services continues to make strategic moves such as launching digital products and expanding its ecosystem, with a clear focus on future growth. The company has announced plans to introduce products for lending against stocks and mutual funds, leveraging Jio’s large user base, which could be a significant growth driver in the coming quarters.”
“Furthermore, with the NBFC receiving RBI approval to become a primary investment company, Jio Financial Services is well-positioned to unlock value from its investments. Overall, we expect the company to report robust numbers in the upcoming quarter,” the StoxBox expert added.
Jio Financial Stock Target Price
Speaking about the technical outlook of Jio Financial share price, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi, said, “Jio Financial Services share price is poised to make a fresh high at the ₹260 apiece level. If the stock breaks above this mark, the Reliance Group stock could make a fresh high by touching the ₹290-₹295 zone. Hence, those with Jio Finance stock in their portfolio are advised to stick to the script by keeping a stop loss at ₹205. If the stock breaks above ₹260 decisively, then one can upgrade the stop loss at ₹240 for the near-term target of ₹295.”
On the advice to new buyers regarding Jio Financial stock, Ganesh Dongre said, “New buyers are advised to wait for the breakout. Once the stock breaks above ₹260, one can buy this Reliance Group stock at the short term target of ₹295, keeping a stop loss of ₹240 apiece.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. Investors are advised to consult with certified experts before making any investment decisions.
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