jonathan chapelle of evercore is up next.his is bloomberg. ♪ ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ♪♪ energy demands are rising. and the effects are being felt everywhere. that's why at chevron, we're increasing production in the permian basin by 15%. and we're projected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. ritika: it is time for the bloomberg business flash, some of stories in the news right now. i am ritika gupta. the federal reserve i

bloomberg spoke with jonathan chapelle from emerson about how it is affecting the company. take a listen. >> in europe, there was undoubtedly recession. our economists have been calling for a global recession for some time. that is based on what is going on in your. you understand what is going on with fedex is mostly export. it's aircraft coming out of parts of china to the western world. that slowdown is associated with lockdowns, and consumer demand. let's tie it all together. there is a u.s. element. it's important to separate your recession slowly, and that is not our call. but there is an element of the u.s. having an impact here. we have seen that in round business which missed expectations by 300 million in the first quarter. >> let's stick with that topic. joining us is our bloomberg intelligence senior analyst for logistics. always a pleasure. let's start where jonathan left out. the ground business, when it comes to fedex. they say that is the indicator that the night states of slowing down faster than expected. is that your take? yes. i would say this is more of

jonathan hunt, thank you very much, indeed. listen to that beautiful voice. [laughter] st. george's chapelsor where the commitment ceremony is about to -- is underway already. hillary wordwi -- fordc -- fordwich joins me now. hillary, although i've lived in america for 50 years and i'm an more than citizen, for the first time i felt almost homesick. you've lived in america for a long time, did you feel the same way? >> yes, stuart. we're feeling that. that's where we came from. we're seeing this outpouring from across the world. people like to talk about the brits and the brits whining, it's not just brits, it's people from all over the commonwealth. and they like to talk about and, obviously, the previous gentleman was talking about the monarchy maybe not being popular in certain places. look at that ma justic mosaic on kind. they wanted to be there. stuart: that is true. this is not a burial. this is an interment because she's going into a vowel. is -- vault. is she going to be buried next to henry viii? >> well, not henry viii -- [laughter] different kind of family values, actually. wit