i'm joined by mark schneider the ceo of nestle. wonderful to speak with you. >> thank you for having me >> looking back in 2022, 8.3% organic growth majority from pricing. describe for us how you think about the dynamic with volumes and pricing and what you saw to close the year >> this was a turbulent year inflation spiked more than anyone would expect at the beginning of 2022. the team responded to that flexibly in the u.s. and up to now, we have been able to start the necessary pricing to offset inflation which hit us hard, but at the same time, we came in with a positive emphasis of volume and mix with negative territory. >> do you think we're last peak inflation? >> that is the $64,000 question. at this time, calling out peaks can be an issue. increases are not as steep as they used to be. the number of commodities are trending down. where it will go for 2023 is anyone's guess we are watching with interest a few markets whether the inflation which was largely energy and commodity led or if it transfers into the wage inflation.

joining me now, mark get gauge managing director, michelle schneider. we got the s&p 500. right in the shadows of 4200. you see with the arrows, used to be stock support, now it is resistance. it sets up a pullback you think could be driven by a number of sparks. what are you concerned about here? >> well mainly i'm concerned about the type of headlines we're seeing over the weekend like, for example, just looking at from a geopolitical standpoint tensions with china. putin is certainly seems like he is awfully quiet but getting ready to attack even more, so the press says. we obviously have weather issues, what happened with the earthquake, unfortunate incident in turkey, syria and then we also just have generally right now a lot of unknowns about what is going to happen in terms of social unrest and food prices have come down a little bit but they're still very elevated so these are the concerns but, you have to look at what the market's doing, charles, and right now it is following beautifully cycles. it held at six to eight year cycle at the lows in october and it is g

ed: nick schneider, arctic wolf ceo, thank you for joining us. markingr since russia's invasion of ukraine, cybersecurity playing a big role. thank you for your time. coming up we will wrap up the week that was intact, the supreme court will discuss the future of section 230. much more with nora from the free press. this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you there. j.p. morgan wealth management. caroline: that's get back to this week's big story on the hill in the world of technology. section 230 we are joined by nora, from the free press, and advocacy group that filed one of the amicus briefs in the google versus gonzalez case. you testified in front of congress grievously on the subject. the argument was made, why from technology's perspective why it

markings to federal prosecutors. >> and fbi agents just completed a search of former vice president mike pence's indiana home where they uncovered yet another classified document. jessica schneider has more. >> reporter: two new developments on the classified documents front. we've learned that the former president's legal team turned over more classified documents to federal prosecutors in recent months. it suggests that these efforts to get classified material back from trump still continues. all the special counsel investigation is ongoing. we learned the turnover of material happened in december and january, it included not only the classified documents but also a laptop belonging to an aide plus an empty folder marked classified evening briefing. we're told trump's attorneys discovered these documents back in december while searching through boxes at mar-a-lago. and then turned them over to doj. of course that was two months afte after the search in august that yielded hundreds of classified documents. and we learned that trump aide had copied some of the documents most recently found on to a thumb drive not realizing that they were classified and we know the thumb thrive d