going up by 400 percent since lockdown and playing a huge biden is given the social media platform mike tiktok with adult content and negative imagery will my right honorable friend consider a levy on social media companies raising 100 million for programs for children. >> i know you campaigned on this issue and he is quite right about the psychological damage social media can do i have to say recently about tiktok we will see what we can do in the forthcoming. >> mr. speaker to the tenth largest economy cdc 11.6 billion and out comes out that detailed analysis has been carried out when will the prime minister jackson get the investment that it deserves quick. >> i'm afraid she is wrong and what she says from york shire 600 for 40 more police from what we said for the rail plans we will look at ways in which we can attract the eastern leg of high-speed rail but we are not doing is coming up with a scheme of what to do and how to fund it but we are not ruling that out mr. speaker. >> i serve my country with pride i welcome the investment strategy but ask that the way that the heart of the strat

all of a sudden its pivot to video content, instagram reels, trying to compete maybe with tiktok and youtube mikeen watching this play out this whole morning am at about 22% we're talking roughly 180, $185 billion wiped off in this particular move. it's actually more than the size you just mentioned of at&t >> yeah, piled on that value since about last february, and it's gone in kind of an instant, dom. thank you very much. >>> breaking news from the bank of england, raising interest rates for a second time, a quarter point to a half a percent right now is the new rate, and they're also talking about unwinding some of their qe programs as the bank of england tries to fight inflation in the u.k. we'll have more on that. but back to facebook just when you thought the tech sector may have been safe out came meta earningsch and the shares bringing other social media companies down with it joining us now to weigh in the head of internet research at isi. great to speak to you. let's place this in context. is it really a sign of this company entering a sudden maturity phase, or can they get through this

mike mckee got off. jonathan: a ton of people still on instagram. lisa: basically, and then they move from tiktokand the discord that they are on now, and soon it is going to be messaging through some thing else. how much is this a company becoming obsolete versus simply going the way of steady revenue. jonathan: don't you think that that is the hope people have, that it colors the conversation a bit? that they want this company to go away? lisa: perhaps, although if you look at the demographics, they're really not getting that younger demographic in the door. how long can they last with just the bloomberg demographic? this st bloomberg -- the boomer demographic? how much is this become the aol of 2021? i will do some market research. jonathan: futures on the s&p down about 1%. on the nasdaq 100, down by 2%. we will head to frankfurt and catch up with president lagarde of the ecb. a news conference that could be interesting given what we heard from the fed, and given what the bank of england has the son that has done. euro-dollar, -0.2%. mike mckee has dropped into the studio because before go to

mike wilson lined up today. this is about individual stock selection which seems to be front and center this year. jonathan: it makes up 5% of the nasdaq 100. i am on tiktok. jonathan: you carry on. futures are -2.3%. on the s&p 500, down by more than 1% stop the 10 year yield is 176.99. lisa: today is such a pivotal day bank policy. bank of england will come up with their rate decision at 7 p.m. eastern time. they will be followed by press conferences by the respective presidents and the governor. how much of a surprise will we see here? the ecb is more interesting to me. can they signal that they are going to remain on hold given the 5.1 inflation rate? people are contemplating an ecb that possibly moves away from their strict policies. the senate banking committee is holding fed governor nominees. inflation will be front and center so how much do they talk up the strong labor market and how much do they look at wages which have been increasing. we will get the monthly jobs report but how much can they look at this and say real wages are still lagging and how much of a problem will this be? amazon will focus on the wage front and how much they have to p

discussed with mike, who is most likely to be affected in a similar way as opposed to being a beneficiary of this, what names are you thinking about? one question was put out earlier, if tiktok was a listed company today, would it be up or down >> i think tiktok would be up. i think that you hear the way that mark zuckerberg talked about tiktok as a competitor yesterday in earnings. and i have never heard the man speak about another competitor that way he said facebook was growing fast with reels, but tiktok was growing faster and sort of gave you the indication there wasn't going to be a chance for facebook to catch up anytime soon i do think that the reals v. tiktok competition is going to be a lot more fierce than people imagined facebook is still getting its legs under it. it has 3.59 billion people using the family of apps across the globe. that grew 9% in the past year. nothing to shake your head at, but i think like mark zuckerberg yesterday made clear that tiktok is eating facebook's lunch, at least right now, and until it catches up, it's going to be tiktok's market to win over. there are still some challenges for tiktok it's banned in india, for instance that's not