u. s. officials attribute the deaths to al karate his own bomb. they said they chose to risk putting boots on the ground rather than an air strike to avoid civilian casualties. the u. s. military has been under pressure to review its targeted strikes, some of which have killed more civilians than initially reported. you want you to w news business is up next when stephen beers and stick around. he will be right back with you just in the gym. love on banning thing that way, but i'm not even know how to work my own car and everyone with later holes in every

single day. just getting are you ready to meet the gym and then join me right. just do it on d. w. then gammon with w at any time i am, he plays easy means video to velez. you have a question. so move the thing along to the is the co booty from soup. with interactive exercises everything is online, mel file and interactive and gym and for free. like with d. w o o meadow crashes on wall street and brings a big chunk of the tech sector down with it. a whopping 26 percent loss for the session. that's more than $230000000000.00 in lost value. did the tech joins

numbers merited or did they touch a nerve among investors? also on the show stubborn inflation spurs europe central bank to open the door to earlier typing measures. what are the best options when energy costs are behind the price hikes and vendors and beijing are going for gold was a living merchandise. but bracing for disappointment, glowing walked into the show. i'm seen fiercely in berlin. could have you with us. shares of facebook owner meta plunged more than 26 percent and trading on thursday, knocking more than $230000000000.00 off the company's market value and pushing tech stocks to broad losses. it's the biggest one day fall of any u. s. company on record. chief executive mark, soccer bird had worn investors and colon wednesday that matter expected revenues to decline during the 1st quarter of this year, due to competition from rivals such as tick tock. to announce that starting today, our company over now to yann's quarter in new york,

yen 26 percent is massive to what he said was this merited. to what extent are investors they're pretty jittery. well, i mean it definitely an incredible, a move that we saw here on a thursday. and if companies like netflix or have some a little challenges, synthetics reports are obviously walt street at this point. is some showing an or a mercy. i mean with some companies we've seen that was netflix a couple of weeks ago, we saw that was so paypal a just the day prior, we've seen it and now with a meta and so there are some fundamental challenges for those companies. and there's also something wrong in the earnings. so this is a one explanation, but definitely not the only one. we've already seen it early on this year that there is a certain rotation going on from those textures that have been on an incredible right in the past. or one and a half years more into a cyclical stocks,

but that also has a drive out. so at this point, there's just a mess of pressure on the stock market. and that really shows you those huge swings . also that we're seeing the market is very nervous. at this point, yet briefly, if you can this money that's leaving tech, where's it going well, at this point, not necessarily another stock spot, for example, in energy i'm, if you look at the oil price, for example, that was up here on thursday by a good to percentage oil, it's a west texas intermediate that's good, straight to year in new york is above the $90.00 mac per barrel for the very 1st time. since 2014. we've also seen oil stocks profiting from that trend, but that is a one sector, at least them that is some on the upside at this point in court in new york. thank you very much. well, earlier i spoke with alison steward allen of international marketing partners in

london, and i asked her to what extent facebook's troubles, especially with user numbers and advertising, were a surprise. this is been a slow build up at some point, or rather the users. the commercial model may be of facebook is up for debate. you know, tick tock is eating their lunch in terms of younger users who are abandoning the facebook platform. they're finding more safety perhaps through the other platforms instead of on facebook. so there have been a lot of little incremental things have been going on in that company, not least, it's corporate culture. you know, it wasn't that long ago, only a few months ago. actually that francis hogan was telling all of us about the research facebook had on the impact, the effects psychologically on young girls and younger users of a facebook which facebook had and even commissioned. so, you know,

i think in aggregate, these little things have now come together, and we're now seeing a company that hopefully is in trip being a little more introspective and asking itself, how did we get here? and how are we going to get fixed? is there a answer to turning it around in the near to mid term? briefly, if you can very briefly. there's now one magic bullet. it's going to be a combination of things. but the starting point is the culture. alison stuart allan international marketing partners. thank you very much. thank you. borrowing rates in the euro zone will remain unchanged following a meeting of the governing council today, remarks by president christine the guards adjusted however, the door was open to tightening measures. later this year. on the guard warned, inflation was likely to persist and declined to rule out a rate hike before 2023. rising energy costs have driven up prices across the u.

growth rates remain slow, however, worrying some economists that hiking rates to soon might be damaging carson. jessica is global head of macro for i and g research carson. you wrote today that look guards, appearance mart, an important hawkiss, hawkish shift. i should say. what did you mean with that? well, the guard actually opened the door to a faster reduction of acid purchases, and she opened the door to door a time even this year. so this was an enormous shift in the position of b. b, which until now has always been more 9 inflationary pressure is always told financial markets and european citizens, that there was no way that the c, b would start typing a monetary policy. so therefore, today was remarkable. growth is still relatively weak across the inflation is tenacious, which as you mentioned, look, guard also referred to as well. those inflation issues. how difficult

a tight rope walk is this for the c b to know exactly when to begin raising rates? well, it is an enormous tide row because the on the one that they know there is nothing they can do in the short run to bring down inflation. there's nothing you can do would lower energy costs or would reduce the, the cost for microchips, but they know that they should prepare, that they should withdraw the so called monetary stimulus. and the economy is strong enough by the way, the years and economy has return to pre crisis level at the end of last year. unemployment rates are low, so we might be stronger. but i think there is a point to be made to not oversee relate the economy, and this is what these are trying to do, gradually withdraw stimulus without hurting the economy. there has been this larger debate about the nature of this inflation, whether it is transitory or not. we've seen that also in the u. s. although, as you mentioned,

energy prices so much at the core of inflation here. has this debate in any way abated, or is it only going to continue about the nature of this inflation that we're seeing in europe? why i think we should forget about this story about team trends or reverses team permanent. it's nonsense. i think what we see right now is an inflation which is simply driven by the disruption cost, by the pandemic, and the locked outs. and this can continue. of course, it will continue until we finally reached this point at which the economy expect in a new equilibrium. this might be the summer, this might be late this year. this might be 2023. but we should forget about transitory and permanent. what is more important as to words is, what are the structural factors driving inflation beyond the pandemic impact? and that could be the corporatization, the globalization, and also demographics. and these all argue in favor of somewhat higher inflation. hence, these to be, as well advised to now withdraw for monetary stimulus and,

and start considering at least 1st rate hikes. carson, just me, i n g research. thank you very much for the winter olympics in beijing should be a cash cow for local businesses serving spectators athletes. workers. however, the countries resurgence and over 1000 cases and the strong measures put in place to minimize infections have made that unlikely. still, some firms are hoping for a boost at this sports store, just a stone's throw away from baiting sports, nist stadium, rex, filled with winter gear featuring the chinese flick businesses, hoping national pride will help boost sales in the run up to the winter olympics. some good a say overall it's good, but things may become uncertain. anyway, now business is mostly done online. the big concern for brick and mortar retailers

in particular, is the resurgence of coven 19 that's put the chinese capital. annette authorities have imposed fresh restrictions on people traveling to basing visitors need to take the nucleus tests within 72 hours of arriving organizers of the game also announced last week. the tickets won't go up for sale to the general public, meaning fewer visitors are likely to come, despite not having to rely on foot traffic. online retailers are struggling to government data, showed consumer spending on physical goods, which accounts for the bulk of e commerce grew at its lowest pace on record. in 2021. china's lock downs and other pandemic controls have cast a shadow of a consumer sentiment and economic swan that the high transmitter bill, etc. of the amazon variant means tougher and more frequent colbert restrictions could be in store. recently, beijing reports 1st locally transmitted case of the amazon strain as authorities

step up efforts to prevent it spread. businesses banking on a boost from the winter games may be left disappointed. still, china is high in the event as a long term driver for growth. at this factory and juncture cohen her, they province, which will host some of pin competitions. workers churn out about a 1000 pairs of ice gates a day. it's located in a purpose built park for sports equipment, set up in 2018. nearly all of the goods manufactured are exported overseas. the city hopes the games will raise as profile as a center for the winter sports industry. madonna, we're still emerging in the future. we should increase infrastructure and construction strength and investment attraction and attract and cultivate more industrial projects to settle in the park. despite the challenges that have come with recent outbreak of coven 19 overall effect, the reproduction in china has remained resilient. but to keep factories like this

gliding ahead, they'll need to avoid disruptions brought on by china's tight pandemic restrictions . here's a reminder of the top business story we're falling for you. shares of facebook owner meta plunged more than 26 per cent and trading on thursday, knocking more than $230000000000.00 off the company's market value. as the biggest one day fall of any u. s. company on record. and that's it for me. in the dw business team here, bullet, you can find out more about these and other stories online, g, w dot com slash business. we're also on youtube under d. w. news watching. 3 . 0, one continent. 700000000 people with their own personal stories. europe. mm hm. we

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oldest ambitions could be within reach. ah, what is it really is possible to reverse researchers and scientists all over the world for in a race against time? they are peers and rivals with one daring goal to help smart nature more life starts february 16th on d, w. hello everyone. welcome to focus on.