surely what the modi government is doing is simply using india's constitution and the law and, wherethatjournalists and media groups are overstepping their mark, they turn to the courts. you believe in the courts, too, don't you? yes, but the courts have not responded to the challenges in a consistent way, i'm afraid to say. some high courts provided relief to journalists and media organisations which have gone challenging some of the restrictive rules. some of the actions are arbitrary. the law is applied in different ways, depending on the political colour or the people involved. those are issues that we are confronted with. but the laws, as you say, there are laws and many of these laws were not illiberally applied earlier, so we thought, but today, some of those laws, for example, the law of criminal defamation, the law of sedition, 124a of the indian penal code, which was inserted into our legal system, as late as... ..as early as 1870. and that's continued more or less unchanged since that day. and then... and the new rules that have been brought into force, that have been noti

modi's bjp won by a landslide.lls for an investigation by the opposition are growing. >> we demand that there should be an investigation. the truth will come out and the lies will be exposed. people should know the truth. >> although 40 journalists in india were listed as potential targets, one of them told "france 24" it demonstrates how freedom of the press in india has changed under modi. >> to be honest, when i heard thisit did not come as a surise because over the last few years, things have changed a lot in india where journalism is concerned. the last few years, we have all been told anyone who is not -- who ask questions of the government are told to be careful. we've all been under surveillance. but we did not know it wod be this extensive, and this intrusive. >> israel based nso claims it only deals with vetted government agencies. new delhi has declined to say if it purchased its pegasus software, claiming instead the revelation is an international plot to defame india. >> two days before the olympics --

>> seema mody, we'll see you in a few minutes. you very much. >>> the other hot topic is crypto and why it has been so weak over the last few weeks we're joined by mark fusco, ceo and chief investment officer at morgan creed capital we try to take a long view on this show because if you go day to day, number one, you're going to drive yourself insane and, number two, you will miss macro and long term friends. i can say the market for bitcoin is down $30,000 from the april high or i can say, mark, we're still up 10,000 from where they were in the middle of december what do you see as the longer term trend for bitcoin >> it is all about perspective and zooming out. if you think about the long-term trend which is the right place to look, we're still in a very positive set of circumstances. you have fundamentals improving. the use cases for crypto dropping and bitcoin specifically rising. you've seen a country make bitcoin a legal tend er, actual currency i think that trend will continue this idea of a global borderless, talking to th

thank you for joining me i'm ema mody "squawk box" is next another day, another chance.d be the day you break the sales record, or the day there's appointments nonstop. with comcast business, you get the network that can deliver gig speeds to the most businesses, and you can get the advanced cybersecurity solutions you need with comcast business securityedge. every day in business is a big day. we'll keep you ready for what's next. get started with a great offer and ask how you can add comcast business securityedge. plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. >>> good morning we're back on record watch for the dow. other indices are already there as we await the june jobs report the dow is 1% from a new high. >>> your move, jeff bezos. richard branson scheduling a space flight days ahead of the amazon founder he will join us this hour. spaced out i don't get it >>> plus, robinhood opening its books as it paves the way for the ipo. it doubled users from march of 2020o march of this year with the meme stocks. i

india has a strong leader in mr modi, narendra modi, but it has a very noisy, messy but genuinely kindessive neighbour? i was there when there were a couple of thesej cross—border skirmishes between the indians - and the chinese. and that geographical position of india and china is very- important in this debate. they have a huge, long border through the himalayas with i china. it's very close to china. china is a much bigger economy, about five times the size - of india, a very big - and very strong neighbour. india has a long historyl of not playing a big role in international affairs. it was one of the key- players in the non—aligned movement, you'll remember. so this is a great tradition of india not taking sides. and not playing a game of setting up alliances. | you can imagine with the huge, long border, siding— with america against china i might be a very uncountable position. but you're absolutely right that india feels very- uncomfortable, encircled by all those countries - as yasmin saw in africa that are having all sorts of road. or infrastructure projects - being funded by

and another important point to make is the bottom edge of the party apartment, is that in the modi is getting ready for elections. and she states the largest state for the prominence that in the morning ton said good ross next year. and this is also being seen in the context of calls correction before very important election. okay, listen serrano lloyd from new delhi. thank you. former south african president jacobs and i could have hours left before learning whether he'll be arrested. he was sentenced to 15 munson jail last week for failing to show up at a corruption inquiry. police have until midnight when the state to arrest him, but sooner has put forward to legal challenges attempting to block the move. the ever given the container ships that block the says come out in march just finally set sail out of its ordeal. japanese owners reached a financial settlement with egypt. government on monday, the ever given was painted after it blocked the crucial waterway for 6 days. impacting around 10 percent of global trades. this lady had plans to build a board offense to deter migrants fo

but yes, the health minister, the government faced a lot of criticism. prime minister modi faced the most criticism for the government's handling of the 2nd wave, also providing a virus where people in india and abroad, so that images every day of people dying because of the lack of hospital beds and oxygen. the images of the math, chrome nations, and burials the hundreds if not more bodies washing up in the ganges. but what is interesting here is that walla health minister, formal health minister, now hush both and has resigned problem isn't that in the morning is known for leadership style, where he makes all the decisions he makes all the cold. and so this is being seen especially by his critics as a prime minister, moody making these ministers who have resigned the scapegoat. and another important point to make is about at the edge of the party of prime minister in the moti is getting ready for elections. and she states the largest state for the prominence and that in the motor home state ross next year. and this is also being seen in the context of course correction before very

for "the news" i'm seema mody. >>> covid cases in tokyo have been on the rise for more than two weeksd today the olympics may end up being a tv-only event with pew to no fans at all. a major newspaper in japan is now reporting organizers may limit the opening ceremony to vip guests only. the list includes people like diplomats and sponsors the newspaper adds other large arenas will likely have no spectators in the stands organizers are expected to announce these moves later this week the pandemic also causing challenges for the athletes trying to just get to the games the team needs the head of fiji's olympic committee says that country's national airline isn't offering commercial flights right now so the team needs to ride on a cargo plane that carries seafood and express mail because of travel restrictions other teams including sri lanka are planning to fly thousands of miles in the wrong direction just to get to japan the opening ceremony, just more than two weeks away. >>> new york city set to hold a ticker tape parade tomorrow honoring the heroes of the paramedics are boycotting

i'm seema mody it is not just big tech with earnings out after the bell.r s&p 500 companies set to report this afternoon. shares are up about 17% this year let's bring in matt millie and nancy laffer nancy, at a time china is so topical, i wonder if you're concerned that one of the starbucks' biggest growth markets is china >> yeah, it is a concern, seema. the mobile order data shows that comps in china have slowed, that loyalty may be slowing we may have hit the tipping point in terms of growth there that's something we're going to be watching on earnings. this is a company that has done very many things right during covid and beyond they're using digital and data in a really broad way that's improving margins. foot traffic in the u.s. in q3 is better than q2. it's a member of our 12 best ideas portfolio and we do expect the company to raise the dividend in the next quarter so if you've got weakness, this is a stock that you may want to add to at a pace. >> matt, you're concerned about valuation, from what i understand >> yeah, but i'm also worried about

seema mody on how the latest covid wave is impacting summer travel dr. vin gupta about the surge in delta cases. first to our health and science correspondent meg tirrell. meg, break down this new study with the slashing headline late this afternoon in the "new york times" about the j&j vaccine >> reporter: yeah, shep. this is a study from a lab at nyu that looked at antibodies generated by the vaccines to see how well they hold up against different variants, and it found that for people who got the single shot j&j vaccine the antibody levels against the delta variant may be low enough to be less protective. now the study isn't yet peer reviewed and jandohnson & johnsn is taking issue with it. j&j's is the only one-shot vaccine for covid available, a codifferentiator and ease of distribution and access. about 13 million americans have had the shot of the more than 161 million americans who are fully vaccinated j & j telling us tonight its own data showed the vaccine generated strong persistent activity against the delta variant and other highly prevalent

i'm seema mody. stocks ending mostly lower yesterday and set to open higher here on wall street. we saw the dow fall. the s&p 500 snapping a seven day winning streak. the nasdaq reaching a record high big moves in names like amazon and apple. energy stocks slipping after opec failed to make a decision among leaders. that will be a point of discussion in today's trade. on the economic front we'll get the fed meeting minutes to provide guidance on the pathway to interest rates and the monthly job openings and labor turnover survey. for those that love the morning brew keep an eye on coffee prices. a jump in bean prices could filter through to the morning fix. prices have been moving higher because crops in brazil damaged by the world's worst drought in almost a century. roasters and kuf fee buyers have contracts with suppliers insulating them for about three to nine months but when the contracts expire roasters will likely have to sign new deals and result in higher prices for end consumers. now movies to the streaming service peacock no more than four months after debuting in thea

last for years we have been told, anybody who does investigative source who asks questions of the modiovernment are told to be careful. we've all been under surveillance but we did not know and thisntrusive.this extensive. when we look at how india is slipping so much in the press freedom indices allver the world every year, new reports come out. this confirms that there is no freedom of the press. we're now living in times where asking questions is being criminalized. there are cases that are routinely fined against journalists for calling out ridiculous claims by members of this government or for reporting horrific gang rape. a colleague of mine is sitting in jail because he wanted to -- tackle the gang rape of a very oppressed woman who later died, in a state governed by the b. so, when you see this, you see how journalists were target is and you look at the profile of the journalists that were targeted, all were antiestablishment voices. it confirms everything we have been hearing, that there is for free journalism in india. >> wire news website in india sharing her experience. in

took office. lincoln met his count about a stretcher j shanker and is expected to meet prime minister modi as well. what we're seeing on the ground in the last week is the taliban and making advances on district centers, challenging some provincial capitals. we've also seen these reports of atrocities committed by the taliban and areas that it's, that it's taken over. ultimately an afghan, a stand that does not respect the, the rights of its people. an afghan, a stand that commit atrocities against its own people would become a pariah state. and in afghanistan, president ash county has given a major policy speech on the country's future direction. he's address though lights on detail about how the government plan to counter the territory against the taliban gunny broadly spoke about having full confidence in local forces as international traits continue to withdraw that conflict. and i've got this down is also driving hundreds of people to make a perilous journey to europe for safety and shelter. and the latest development turkeys detained, a boat carrying more than $230.00 refugees in the

seema mody, guy, what do you make of this headline?i don't know what today is, the 28th or something. august 4th you're making a face i'm asking a question. >> you have a calendar app, so check it. >> i'm looking at it now, august 4th would be next wednesday, not tuesday. wednesday. why do i bring that up because uber's going to report on wednesday this is how my mind works. if earnings are going to be great, they would wait in my opinion until around that time to have a headline like this come out why would you do ahead of earnings that's just the way -- not saying anything, that's how i think, though. that's a trader's mentality. the more you know, the more you know put that music up. >> you think about the worst-case scenario conspiracy theory-esque explanation. >> what's today's date >> like i said, the 28th. >> i look at a couple of dates back in november of 2020, it looks like the chart is rolling over to those levels so not to be -- so maybe i just caught his pessimism, but when i look at the chart, it's definitely a continuatio

you look at the case of the shiller home number, the price is up 17% and keeps accelerating seema mody yoshikami. >>> we want to look at the nasdaq where we're close to session lows and some of the chinese names are taking a big toll on the activity pin duo duo is down about 12%. jd.com is down and activision is down about 7%. they have a separate issue going on with their employees. but we do have video game exposure to china, which is the point michael yoshikami was making that a lot of typical names do have exposure to china even if they're not typical china etf stock trades we're a little over 24 hours away from the fed's interest rate decision tomorrow economists are also paying close attention to what's going on with the covid delta variant we're going to dig into the potential growth hit right after this s and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the

the latest data point in housing >>> the reopening names under pressure, a quick check with seema mody, kelly, the sell-off in travel, a sharp contrast to the bookings numbers which shows travelers are back on the road again here is hotel occupancy the last few weeks after a record july 4th occupancy has fallen, still averaging around 66% this fall will be critical for the industry just to see how significant of a pickup in corporate, business travel as schools reopen and kids go back to school. i think the other question, kelly, will people's travel preferences change airbnb was a big beneficiary during the pandemic last year. you'll see it is down less than some of the other travel operators like expedia today. >> they're all holding up relatively well all things considered seema, appreciate it seema mody >>> that does it for "the exchange" today. don't go anywhere because next on "power lunch" with markets selling off on the delta variant concern, is it time to rebet on the shutdown stocks. as i observe investors balance risk and reward, i see one element securing portfolios, time a

colbert 19, is among those who have announced their resignation. prime minister in their, in their modi now has 77 ministers. nearly half of them knew more than half of india's reported. $400.00, was the 1st coven at the center in the us, you cases are now down to around $300.00 a day, think wide, that's the lowest since the pandemic began. gabriella is on the has more now from the parade. the celebration of stores here in downtown new york city, normally parade like this car for athletes after winning a major championship. but this is a celebration of honoring essential workers firefighters, nurse doctors, any sort of 1st responders, even delivery people didn't got new york through the dark days of the go visit and janet and those were dark days. early last year, new york city was the center for the over 10000 people were dying almost by the day and up to now 33000 new york city residents died from corona virus. but how time changed now? almost every day. there's no one. the guy wrote a virus in new york city and he infection rate is below one percent. so this is really a celebration h

the misuse of the pegasus spyware is emerging and modi's government continues to avoid answering awkward dealing with the israeli software developer nso. two days before the official

the painters were vigilante group, set up in the 1970s to defend the rights of modi and pacific islanders and to change the racist views held by many white new zealanders. we can educate them, they're not used to live. let's keep stuff. one result of that sentiment was an immigration crackdown targeting pacific islanders who had been brought here because of labor shortages. the often violent dawn rage which the government has now apologizing for, saw police searching homes, businesses, and even churches looking for over stairs to deport. the sense of injustice is still felt to day, mainly because it was only pacific islanders who were targeted, not the majority of over stairs who were at the time from the united states or europe. a formal government apology for past injustices is rare in new zealand. it has to meet strict criteria, including the victims being definable as a distinct group that continues to suffer hom, connected to those historic events. today. many of those affected feel a sense of shame about what happened and reluctant to talk about it, even to their families. you would

india has a strong leader in mr modi but has a very noisy, messy but genuinely kind of plural politicalit respond to its neighbour, its big, potentially aggressive neighbour? i was there when there were a few cross—border skirmishes _ between the indians and the chinese. that geographical position of india and china is very in this debate. i they have a huge border- to the himalayas with china. it feels it's very close to china. china is a much bigger economy, | about five times the size of india. a very big and very strong neighbour. i and it has a long history of not playing a big role| in international affairs. india has with that, i one of the key players in the nonaligned movement. a great tradition of india not - taking sides and not playing a game of setting up alliances. you can imagine with the huge long border, siding with america - against china it might be - a very uncountable position. but you are right india, _ feels very uncomfortable and circled by all those countries just . as yasmin saw in africa that they are all sorts of infrastructure projects being funded _ by chin

journalists and election commission, official businessmen, diplomats even to ministers in the current modi government performance supreme court staff, who accused the chief justice in deer of abuse also targeted. the justice is now a member of parliament with the governing party. more from elizabeth per item. now she, the new delhi, where the press club of india were journalists holding a protest following reports of the funds of more than 300 indians, including journalists, what hacked using the israeli made pegasus by where now the project, the director of the government's book of pegasus, is classified as a military grade cyber weapon, and it's found to say they only sell the technology to better government for the sole purpose of saving lives and preventing criminals and terror acts. but the list of people in india who follows allegedly hack include not just journalists, but major opposition figures a former election commissioner, a top political strategist, the business people include ministers and the current governments, including the information minister. now the founders of the an

i know india were prime minister modi's chief political rival, raoul gandhi, has been targeted as have reporters, including from the new site the wire. then there's mexico, its former government use the spyware on its critics, including dozens of opposition. politicians, some of whom are now in power that started in 2017, the same year that a journalist, cecilio ping, yetta, was murdered. his phone had been hacked. we found the phone numbers some mexicans. and one of them was just only 2 months after we see the numbers of the senior in the us kill. we lot of cases even worry. we all colleagues, 036 in india while you're, we're investigating people to, to, to more that modem back numbers to see if this is not check to keep it in a very short time. so the b to b and the so is very fast. the government's i'm seeing and so was last friday when it's all by weight, just really get by software. i'm having come up with a pure explanation. and so has been critical of the consortiums reporting calling aspects of an erroneous and false. but the company doesn't help its case, it says that its clie

i mean, on the, on the other hand, modi is perhaps the individual with one of the greatest electoral democratic mandates on earth surveillance of a few phones. what is that going to do to your electoral process? as i understand that there are allegations of electoral officials as part of the spyware hack. well, you know, if the government did it, and this is precisely what many people say, it's the kind of incredibly unnecessary inclusion into the olympic, the life of the lives of individuals that really marks out an autocratic tendency and want to be a democratic government. you're right, overwhelming monday to crushing majority in parliament and the mr. movies, popularity ratings continue to write. why would he need to do each? and yet the list of targets do not look like a kind of list that would be a particular interest to some foreign government who presumably far more interested in our army or our intelligence. or indeed those ministers in the government themselves, rather than opposition. politicians, journalists covering political regions, journalist beach and human rights ac

uncertainty with the official results delayed by his ations of fraud by the losing candidate keiko for modi. sheena facing trial on unrelated corruption charges to europe. now, the german, john's langley america, has been meeting people affected by devastating flooding in the west. of the country, the cleanup is underway. after germany's worst natural disaster in decades, waters have receded but sometimes still cut off by damage, roads, and bridges. almost 200 people had been confirmed dead in germany, belgium and the netherlands. such teams are expecting to find more victims live now 2 step boston, whose life 1st in bad munster rifle step. this is not just a clean up operation. this is a massive clean up operation. yes, it's an unbelievable clean up operation. as you can see, these chains of people here be, i mean, fasting on buckets and all kinds of things that are coming from all the foyer houses were completely flooded. this has been continuing for these already, and this is exactly the place also in the box moved. so i for where i'm going back hold the chancellor was he was saying earl

good, a private individual rather than the modi government, as you suggest, be responsible. if the company itself, enemy is really government, will be sent to government. i gather the spyware is treated as a military and is really low. and i don't see how you been in the shall stop you there more for assessing, for all of a short break. i. oh, my god, ministration tells us the world days is the star choice between democracy and authoritarianism. business make any sense. the balance of power in the world system is moving to multicultural. t and is not defined by audiological preferences. in my phone, i 60 and i don't i just saw up dollar format isis fighters, and they're now boarding a philippine naval ship with $900.00 jeff, aren't abdulla still don't know who was waiting for them and i didn't actually get a hold of me . i welcome back. i'm still here discussing democracy privacy and ben demik with one of the great volunteer and right is wilma. i'm the secretary general of the un charging you have no objection though, to surveillance being used against criminals itself. i do

mouth. shoghi, before the journalist was killed by saudi opera, i know india were prime minister modi's chief political rival. raoul gandhi has been targeted as have reporters, including from the new site, the wire. then there's mexico, its former government use the spyware on its critics, including dozens of opposition, politicians, some of whom are now in power. that started in 2017, the same year that a journalist, cecilio ping, yetta, was murdered. his phone had been hacked. we found a new phone number, some mexican germany, and one of them was only 2 months after we see the numbers of the senior in the us kill. we lot of cases, even worry with our colleagues, direct services in india while you're, we're investigating people to, to, to more than more than 50000 numbers to see if this is not checked pretty. all right, so the be to be any saw is very fast. the bridges government, i'm the indian government. so last friday when it's all. ringback by weight, generally, really by software for i'm haven't come up with the pure explanation. and i, so has been critical of the consortiums rep

president modi wants to hold elections next year.rnalists and analysts in more than 120 countries. this is bloomberg. shery: malaise is largest put -- malaysia's largest political party has withdrawn support and for temporary leaders -- what does this mean for the government? >> if he remains prime minister, the first option for his removal would be a no-confidence vote and the second and third could be to reject a royal address or defeat a budget but those require the parliament. so it looks as though he will remain in less something else could happen. haidi: one of the broader implications for the economy? markets are relaying on account of the covid outbreaks. >> political instability is never a good thing. international investors would be defeat -- deviating from malaysia throughout the crisis that began last year. at the same time this situation erodes from poor handling of covid situation and that resulted in the political backlash. parliament has been out of session since the beginning of the year with a emergency degree -- de

it's an accusation president modi's administration denies, but i guess have evidence the stream checked in on indonesia as desperate battle against coven 19. and i'm going to wrap up the show at the ocean. keep watching, to find out why. next starts in the u. k. where police forces across the country are looking at how they can better deal with racism amongst their ranks. you'll hear from sound as seen, a regional director for the independent office of police conduct or i o. p. c. for short. kimberly min garza who is campaigning for the release of her daughters. he yonder from prison of the she was the victim of a racist attack and former metropolitan police superintendent leroy logan. he was totally up to rely polka off the call address racism in the police effectively until there is a why the conversation about wisdom in the u. k. this country has a problem about race. it has been like that in slavery, imperialism cleaners, and i'm postal. and they need to have a conversation through central government and other agencies because, you know, express, the rain is not being dealt with. an

cabinet ministers who quits resignations, a part of the re shuffle by the prime minister, the ranger modi, of the catastrophic spike in cool with 1900 infections and deaths during april. and may, former south african president, jacob's whom i could have hours left before learning whether he'll be arrested. he was sentenced to 15 months in jail last week for the 7 till midnight, whether to arrest him. assume a has put forward to legal challenges. i'm not sure what the dates give it here on al jazeera. the stream is up next to. yeah. one of the most famous film festivals is back with love, landed 3 and doors the social distance thing and place in some countries unable to attend the camera. very piece of recreate the magic of the coverage through the council festival. now who's high for me? okay. it has be more than 2 months since, protested the cause columbia hit the streets and overturned a tax reform proposal. but the demonstrators didn't go home as the activists in moans have grown. so we are asking right now, what is it that the government response is going to be like, how the by test a

we're present. mowdy has prime minister modi excuse me, has taken this company, worked with them, been able to gather information on political enemies. and it's happening again in many different places. the president, the azure by john, has been using it as well. and so what we're seeing is kind of a long list here of these different governments around the world that have taken the software and they're using it to target those with whom degree and guys, let's, let's be frank here. this is a predictable outcome. it's the only outcome every time we do a story like this, right? it's quiet for some time and find out how is the technology use and abuse? always goes this way. and why would that h boom bus been swan? i'm sure there will be more to follow on this. thank you so much for following the stories today. well, prices are down to start the week following the end of a stand off between opec allies. now, the cartel says it has an agreement to begin rolling back the production cuts that were put in place at the start of the pandemic. but with the surgeon covey cases, weighing on markets

. >> (speaking hindi): >> navai: the controversy drew in india's prime minister, narendra modi, who hashindi): >> navai: the prime minister ordered in federal detectives. within days, kuldeep singh sengar was arrested. it was ten months since jaya first went to the police. >> (speaking hindi): >> navai: he was later charged with rape d manslaughter. we asked chief minister yogi adityanath for comment on how the case was handled, but he didn't respond. publicly, he rejected criticisms that sengar had been protected. >> (speaking hindi): >> navai: a month before jaya was due to give evidence in sengar's trial, there was a new development. jaya, her two aunts, and her lawyer were traveling to a meeting. that day, the police security detail protecting her wasn't with her. (sirens, screams) jaya never reached her destination. thr car was rammed by a truck with blacked-out plates. >> a rape survivor who suffered critical injuries in a car-truck collision was airlifted to new delhi. >> navai: her two aunts and her lawyer died. only jaya would survive. from prison, sengar denied he had anything

against covert 19, is among those who have announced their resignation. prime minister in the render modi now has 77 ministers. nearly half of them knew more than half of india's reported 400000 corona virus that have occurred over the past 2 months as the bill to very and poor through the nation. while the delta variant is also driving infections in australia's biggest city, which has extend that it's locked down by a week, stay at home order is introduced in sydney last month. we're supposed to end on friday, but it's reported more than 350 cases in the past 3 weeks, a significant jump in a city where there were barely any infections for months. of the reason for this is, as we've been saying, this still to strain is a game changer, extremely transmissible, and more contagious than any other foreign form of the vars that we've seen. the reason why the new south wales government has taken this position is because we don't want to be in a situation where we are constantly having to move between locked down now lockdown, locked down, lockdown. new york has held the victory parade for its e