we will discuss the impact with padhraic garvey, head of debt and rates strategy at ing.e are minutes away from the spacex falcon 9 the launch of a bunch of starling satellites. we will bring you full coverage. first, a check on what is going on in markets. after four days our rallies, we see the s&p falling pretty hard. 1.7% being dragged down by tech stocks. the nasdaq is off more than 3%. meta is the biggest loser. look at this drop, 26%, a loss of around 200 billion dollars in market cap in one day. that is the most that any company has ever lost in one day of training. in fact, more than most companies are worth david big drops for meta. the u.s. 10 year coming back up to 1.829. investors letting go of a little bit of that debt. speaking of rates, let's get to something that caught my eye. it was decision day at the ecb and bank of england. the bank of england hiked its key rate, said that it was start running down bond holdings. meanwhile, european president christine lagarde is no longer rolling out an interest rate hike this year, which she had previously. this me