tom: bloomberg's oliver crook, thank you.ll we will speak to the eu competition chief following that news of apple being fined. stay tuned. evidence that investment is returning to the u.k.. ceos are more optimistic than a year ago. the bullish case for britain next. this is bloomberg. ♪ ♪ tom: welcome back. u.k. sales grew at the slowest pace in 18 months blaming england's weather. sales rose 1% compared with 5% one year ago. the industry called on the chancellor to offer support on wednesday. the uk's reputation hit rock bottom in april when microsoft president brad smith said the european union is more attractive and 10 months later ceos say confidence recovered. official figures suggest the u.k. is the world's top investment destination after the u.s.. caroline talked to the business elite. this sets the stage in terms of where we are and whether there is a bullish case for britain. >> remember the comments from brad smith. 10 months later my colleague and i have talked to eat ceos and their more optimistic, talking about

oliver crook is on the ground for us.is bloomberg. ♪ tom: europe's largest medical cannabis market germany is set to partially legalize cannabis for personal use from next week. guess what, oliver crook is at a reticle marijuana growing facility and joins us now. what a challenge for you covering this story. take us through what this law actually does and how that ties into this story? >> let me set the scene because this may be a bit peculiar for the general bloomberg audience, but we are in a producer that can legally grow cannabis. only three companies can do it, the other two are canadian and most of the market is imported because the restricted laws with how much you can grow. by me is one of four grow rooms where they grow a literal ton of marijuana every year to provide the medical market. let's deal with the personal consumption parts of the low its comes into effect on monday. starting monday you can have 25 grams for personal use and grow three plants at home and have 50 grams i don't but starting soon you have

oliver crook is with us.hen you are looking at apple with hundreds of billions in cash, the money doesn't always matter. it is the president and what changes in behavior that the eu is demanding. >> this is a much larger fine than we anticipated. the reporting was 500 million euros anticipated, so there is a bit of a shock there. it is about abuse over what apps and competition apple was allowing from other people. the eu has said that how apple acted was illegal, they been doing it for 10 years, and they need to remedy this. there is doubt that this will be enough money to change behavior, but it is coming in about what everyone anticipated. apple saying they will appeal it. but something like 20% of consumers who may have adopted spotify did not get the chance to even see it, so this is going into the crosshairs in a week where there is major legislation on tech regulation coming out of brussels. ed: we showed apple's response to the fine and announcement, giving a pointed quote, saying, in the context of c

boom burks oliver crook is at frankfurt airport for us. getting a sense of industrial action and it's starting to take its toll. oliver: very much. we weren't actually supposed to be here. we were supposed to be at a building down the road where ceos and executive staff would be presenting their earnings and talking about the outlook. it eclipsed entirely by the industrial action happening here at frankfurt airport, lufthansa's biggest hub for the biggest carrier in europe. nothing is moving. all of the fights are virtually canceled. even those that are not canceled, the ones that are still supposed to be going, there's announcements going all morning that basically the security lines cannot be staffed. even if your flight is scheduled to go, talk to your carrier. there are a lot of unhappy people here, i have spoken to a number of them. for lufthansa, they have a muted outlook. you have near record profits. this is all good for the shareholder delivering there, that is not being felt by the ground crews were now 200,000 passengers are bein

. >> ukraine's prime minister speaking s was our very own oliver crook.u leaders our meeting today. discussing key issues that include security, defense and spending. good morning morning from london. let's talk about the story around freezing russian assets. how are the leaders approaching it? >> this will be one of the most critical points. it is these 200 60 billion euros that are being held right now by the g7. 200 of which are being held in europe right now. there is a short-term lease of ukraine. long-range missiles. there is no longer question about how to fund ukraine, how to get money to ukraine. but judging by the fact that the $60 billion package is still stuck in congress, the they are tapping some of these russian assets. within europe you don't have unanimity about that. some of the member states are less comfortable with funding military equipment directly but there was another idea and this came up with the ukrainian prime minister. >> the european union have made the first step. they use this for ukrainian needs. we believe this is a good

let's bring you bloomberg's oliver crook standing by with the details. o you make of these earnings? oliver: we are just going through the numbers and going through a little bit more of the details. some information. one thing to take away as they are launching more than 30 different models. they will hit the road this very year. when you look into it further, you look at the january to february timeframe. there was a growth and battery electric vehicle sales from this year to last year, which is significant because we talked about ev demand not being anywhere near where people in the market anticipated. we look at the different brands as we get a break down, the volume brand, that grew 5% but what we see in tech is the premium brands continuing to pull ahead 13% growth last year and we look into the bev's and they reach 10% of all the cars of volkswagen sold in the fourth quarter with battery electric vehicles. one glaring omission is there's not a lot of information on china. when you look at the proportion of sales, full swag and had 50% increase in sa

haidi: the ukrainian prime minister speaking inclusively with oliver crook. ecb president says the central bank will be able to commit to further rate reductions after a first cut in june. >> this implies that even after the first rate cut, we cannot pre-commit to a particular rate path, however tempting that is and however much some of you would like to see it. if we are honest to our methodology and have discipline in adhering to these principles, we cannot. haidi: take a look at how we are setting up across the opening sessions in europe. annabelle: quite a bit of uplift from the gains in asia, that followed through robust gains in the u.s. session as well. the immediate picture could change ahead of the fed decision but we are seeing the certainty now, 1/10 of a percent higher seen trading for euro stocks, when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi wi

. >> european commissioner executive vice president, speaking exclusively to oliver crook on the dayhim in the damage all the market as well just one of the challenges for apple. and that's part of the story. this year manage the ground out gains for despite an 111 drat for apple and a 27% year to date for tesla. and here's that gap blowup for tesla. the smp has managed to do that. were do you stop to strip out apple and tesla and draw it down. the challenges for amp until terms of china and when it comes to the picture. >> question marks about its next product. an tesla facing similar charges. that's the s & p picture. >> we remain in a deficit. we haven't closed the gap from that pandemic. you can see the definite expansion 2021. the year of the pandemic when all those come through. we haven't closed the gap yet. the last time we were in positive territory was back into thousands. >> as we expect those to come through the wiggle room they have when pulling out a fresh. it is constrained because we lead off. i expected it around 12:30 p.m. i'm. special coverage of the spring budget

let's bring in all of her crook -- oliver crook with the details.k at a meeting on the ground in ukraine? >> the european investment bank is the lending arm of the eu the air to deploy capital to get through to europe's policy aims, and one of those big policy aims has been defense spending and getting that back to where it needs to be. so they want some of this on a security initiative back in 2022, and there are about eight euros and that part of the fun. there is a policy that is cutting this it is basically that these investments cannot go to anything that is not dual use, i.e. both civilian and military," them from what that precisely means, the projects we support require that the majority of the remotest expected future revenue will come from civilian application, so when you were talking about artillery shells, bullets, guns, fighter jets, that does not have a nonmilitary application. and some as a consequence, that sort of part of defense rome is being neglected, and that is really where a lot of them and he needs to go, so what they want i

ladies and gentlemen, the olive branch has been extended across the aisle, in a show of genuine desire to solve this complex and vexing issue. trump, your response? >> crookedod of countless innocent victims. >> jon: mm, that's a no. seriously, though, "crooked joe?" that's what we're going with? >> crooked joe biden. he's crooked. i took the name away from hillary, because she's no longer relevant, i guess. >> jon: do you have to say everything that happens in your head out loud? it's been eight years! you [bleep] won! the woman has been through enough, now you're gonna take away her nickname? what are you doing? but let me tell you something, trump, -- i don't know why i got serious they are. you can't scare the democrats. because the one thing the democrats have is principles. when it comes to immigration, the democrats hold to our country's cherished ideals. the eternal promise etched at the feet of lady liberty that speaks to our better angels. [cheers and applause] >> the only way we're gonna have a great future in america is if we welcome and embrace immigrants. >> these people are folks that we should be helping. america welcomes immigrants. >> we w