Meta’s Product Launch, Tech’s Continued Tumble, and the UK’s Bank Emergency. 10/12/22

Meta’s annual Connect Developer Conference unveiled several new virtual reality tools, including the Quest Pro headset, which will begin shipping to buyers this month. Journey’s Cathy Hackl recaps the event. Plus, tech continues to feel the pressure from rising rates, restrictions on China chip manufacturers, and comments from JPMorgan CEO Jamie Dimon. Loup’s Gene Munster discusses the outlook for the sector. And, the Bank of England is exploring the possibility of extending its emergency bond buying program beyond this Friday’s deadline. Northman Trader’s Sven Henrich and Fairlead Strategies’ Katie Stockton break down what this means for the global economy.