The Market On Monday

  Good morning. It is 39 degrees and sunny here in the Upper Hudson Valley, the forecast predicts a sunny day with temperatures in the high 40s this afternoon. It looks like we are in for a warming trend this week. Well, as you know the big email announcement from the FBI's Comey has sent an October surprise factor through the election. The polls appear to be tightening but Clinton clearly still holds the electoral vote advantage. The good news is that this monstrosity is over in 8 to 9 days, barring a tie.

  At 9:10 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open slightly higher.

  Check out GE taking a huge stake in Baker Hughes. The interesting thing is that this is a bet on oil and gas. Hmm, time will tell, but clearly GE's investment analysts think that betting on oil is a good thing.

CNN: GE's big energy deal; Stocks get spooked; European growth by Alanna Petroff

GE is taking a majority stake in Baker Hughes to create a giant firm that will sell equipment and services to the oil and gas industry. The so-called "new Baker Hughes" will have $32 billion in revenue.