The Market On Tuesday

  Good morning. It is 56 degrees and overcast here in the Upper Hudson Valley. The weather logo is predicting the sun comes out today and the temperature stays in the 70s. Quite a day on Monday, the big news being the shakeup of the GOP candidates with Walker quitting the race, for now at least. It's not really good news as the entire field is weighted with candidates that live in the GOP echo chamber of fact free reality. Walker was probably one of the scarier candidates, but seriously now, which one of this bunch is not scary.

  At 8:30 a.m. ET futures are significantly lower and the price of oil is down. The market is poised to open significantly lower.

  The only bit of positive news that I can make out of this morning's article is the part where there is worry that $1.5 trillion in new oil projects may be shelved if the price of oil remains under $50 a barrel. That is good news for the environment, however having looked at this stuff now for several years on a daily basis oil usage is still increasing every year, not decreasing. So green house gas emissions continue to pile up leading to extreme weather and temperatures. This is what the powers that be are producing, people can pretend it's not happening, the earth doesn't care.

CNN: 5 things to know before the open

Worries that the Volkswagen scandal could affect other carmakers hit auto stocks across the region, while oil and mining stocks were pulled lower by falling crude and metals prices. Copper traded 1.7% lower in London.

Now a new report is warning that $1.5 trillion in new oil and gas projects are at risk if oil prices remain below $50.