like viacom. energy mixed. softness on brent could push down some of those big oil companies. what are you seeing in individual movers this monday morning? matt: i'm seeing about 2:1 winners to losers. stocks areup, 185 down. in terms of who's winning or losing, take a look at the winners here. you've got some defensive stocks, british american tobacco is a winner this morning. you've got unilever as a winner. but also caring, some luxury stocks on the winning side. and then some banks. you was earnings season, bank earnings kicked off with j.p. morgan today. we get goldman sachs tomorrow. we get bank of america and, morgan stanley wednesday. lloyds is one of the gainers. ing is a gainer. unicredit, barclays adding to the stoxx 600. there's publicity's at the bottom. a lot of times after an acquisition, companies will fall. investors like this move to buy and focus on its online presence. look at the losers here. nestle one of the big losers, but that's not a defensive stock sold off out of market fears. that is ex dividend. that's the reason that stock is up there at the bott

it will be called the viacom-cbs. the federal trade commission is looking into allegations of the e-commerce site punishing merchants with lower prices elsewhere. of atc stop short formal probe in amazon. says theyrican group will allow the better parts of the business to grow, and help bring down debt. we spoke to the companies chief executive. >> on a vertical integration restructuring and that model is not sustainable going forward. at the operational management should be underlying businesses and we must act as ap are shareholder. -- we must act as a peer shareholder. matt: president trump has delayed some of the new china tariffs he wanted to put on september. farm goods, clothes are on the list, but levies on big ticket items such as smart phones and children toys as well as bibles will not come until the end of the year in order to allow the christmas shopping season to remain under way. let's get to markets with jan-patrick barnert, equities reporter, bloomberg editorial -- with mark cranfield, mliv strategist

trading in viacom today --rently halted, in just currently halted and is down 47% in just today's session -- trading in wirecard currently halted and is down 47% in just today's session. ♪ matt: welcome back to "bloomberg markets." this is the european open. we are 12 minutes into the trading session looking at losses of about 1% across the continental indexes, almost .9% in london. top corporate's stories from the bloomberg terminal. wirecard says it is missing 1.9 billion euros. probably does not exist. the payments firm is withdrawing its result for fiscal 2019 and the first quarter of 2020. the company says it is in constructive discussions with lenders about renegotiating terms of its debt. the scandal has already seen wirecard shares collapse and its chief executive depart after running it for almost two decades. lufthansa's ceo says it's bailout deal may not pass. the carrier's biggest shareholder is threatening to block the plan, which would dilute its holdings. it adds to doubt over the 5 million euro plan to rescue the airline in the first place. the sides are holding emergenc

viacom down 5%, dragging on the s&p 500 has the potential for a blackout with us and -- with u.s. consumers. general mills is one of the better earnings stories, upgrading giants on its prime pet food sales forecast. guy: it is fed decision day. joining us to give us an idea of -- goodcan expect evening. let's talk about what is going on with the fed. the expectation is the fed will be dovish. my question to you is how dovish? >> the fed does not need to be that dovish. financial conditions in the u.s. have recovered. the data -- some of the data is weak, but over all the u.s. is still in an expansion. i do not think it needs to be -- the fed needs to be that much more dovish. guy: in terms of what the fed will signal, will it signal more hikes or will the job of the fed be to disabuse the idea that cuts are coming? i do not think it will be a good time to say no there will be a hike anytime soon. i think that will just maintain the current policy. they will stay patient until there is more data that can there is quality from the u.s. and dissipation in the global risk. i do not t

also the on the earnings picture it is positive for viacom. performers,orst carnival is having a halo effect on the cruise companies. guy: let's turn back to the brexit story and get insight on what is happening. we are joined from our offices in london by tina fordham, citi's chief global political analyst. we will get indicative votes tomorrow at the brexit process. mp's are taking control. what you think the outcome will be? tina: i'm not optimistic that a series of votes will bring any clarity to this brexit process. the prime minister canceled a so-called third meaningful vote after the dup made clear it will not support. the indicative votes are in effort to bring democracy into this process. i have said repeatedly there is no majority for any outcome so i do not see the indicative vote shedding any light or revealing a change in views from mp's. doesn't that depend on how the process is structured? if it is a whittling down of various options until we end up with one. wouldn't that provide clarity? isn't the process important? tina: abs

dani: this very well could have been, viacom issuing a stock split and because of that, they saw the share price fall. it could be that. it could be one of the other shares. either way, some pretty major losses forced a margin call, forced this liquidation. what we are learning in the aftermath is sources tell us banks had a call saying let's not move on this right away, let's try to exit these positions in an orderly fashion because of what we have seen unfold. it looks like someone like goldman sachs did break rank. they have these big locks rates on friday during market hours. anyone who executes these kinds of lock trades, you don't want to do it during the market hours because it can have the effect of actually moving the underlying stock. for all the banks left that need to still get rid of these positions, there had a pretty sizable disadvantage. the market has already moved so that means losses they will face from this will be greater. it really is every bank for themselves at this point. mark: good morning. i guess the key question everyone is wondering is is there more sell

viacom down by 5%. it is a volatile stock. --entially, we have got this the auditors in singapore unable to conclude their audit. aviva holding an update for investors and the stock down by 3.4%. swat bank down by 2.9% -- edbank down by 2.9%. investigations are being held into wrongful behavior at the business in terms of breaking sanctions with russia. u.s. authorities running these investigations. the bank denies this. let's get an update on the bloomberg first word news. >> the u.s. senate has unanimously passed a bill in support of hong kong's protesters. it is warning beijing against violently suppressing the unrest. the legislation would require annual reviews of the city's favorable trade status. china has threatened to retaliate if the bill becomes law. westpac has been accused of breaching money laundering laws more than 23 million times. it is the biggest breach of the laws in australia history. it includes failing to detect payments that may have been used to facilitate child exploitation. the commonwealth bank of a