matt: that was mark schneider, the nestle ceo.e getting breaking headlines from allianz, saying that operating profit beat estimates, 3.5 one billion euros. we were only looking for 3.20 9 billion euros. they will take it $3.7 billion charge for the u.s. hedge fund implosion. not quite sure if the word implosion was theirs or ours. they are also reducing their provisions for 2021 by $2.8 billion. those could offset each other. operating profits, better-than-expected, but there is a charge of $3.7 billion. that is a big charge or a drop in u.s. hedge fund investments. let's look at what is happening in markets. the s&p 500 off of its session lows, down six at two points -- 62 points. the dow is down about 400 points. the nasdaq leading the way down. the 10-year yield also coming off as investors seek safety in government debt. 1.771% is what the u.s. 10 year is yielding. this is bloomberg. ♪ ritika: president biden is warning that the probability of ukraine invasion is very high. biden spoke to reporters this morning for a trip to

ceo mark schneider says shipping costs are likely to jump even more this year than in 2021. forecast sales growth slowed to about 5% in 2022. he told bloomberg he's optimistic for a growth in the midterm. stocks drop showing a continued lack of net loss. it was eight cents a share in adjusted earnings for a missive to cents a share. the software company said covid related restrictions are cramping business, especially in europe. coming up, how do you test an entire city? that's the shery: standard chartered is planning to hand $750 million to investors for share buyback despite missing estimates. the cfo says growth in china has been really strong, but the asia focus lender sees challenges facing its hong kong business. spoke to bloomberg about the outlook. >> generally we have seen customers that are at 6% last year. so all of it is growing. hong kong businesses are almost exclusive because of the interest rate with the 10 to 15%. very strong combination. china and singapore in the asian market and it showed up. it's a spread that we can withstand the ups and down adding vi

mark after historic run on jeopardy in oakland woman's getting ready for a whole new challenge. amy schneider announced plans to write a book during a twitter spaces interview yesterday with the new york times. schneider captivated audiences after winning 40 games in a row, the second most consecutive wins, trailing only current jeopardy host ken jennings. schneider says she'll be taking a leave of absence from our software engineering job to focus on the new project. still to come here at noon, the pebble beach pro am as it off along the monterey peninsula, the changes that are in place this year. and the event yesterday involving some event yesterday involving some celebr and now most admired alum! get up there. this is so embarrassing. there's no way it's me (friends laughing) you know her.... you love her.... ruh roh what are you doing here? it's anna gomez! what? who? our first gigillionaire! with at&t fiber, anna's got the fastest internet with hyper-gig speeds. i didn't know you went to this school we have a lot in common. live like a gigillionaire with at&t fiber, now with speeds up t