Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Monday, October 28th, and I'm your host Kim Khan. Our top story so far,

putting your money where your vote is. Robin Hood is rolling out presidential

election contracts today to a limited number of customers. The online broker app is offering contracts

on Vice President Kamala Harris and former President Donald Trump for the

November 5th election. Robin Hood says customers have to apply and meet certain criteria to be approved for an

R.H.D. account, which includes being US citizen and more. At the beginning of the

month, the federal judge ruled in favor of Bending Marketplace Kelshi over

the Commodities Future Trading Commission

paving the way for US citizens to bet on election outcomes. In today's

trading the action is in the oil market with crude futures down 6%. Concerns over supply disruptions

eased after Israel's weekend strike on Iran, steered clear of oil and nuclear

infrastructure. Warren Patterson, head of commodity strategy at ING, says,

the more targeted response from Israel leaves the door open for de-escalation

and the price action in oil this morning suggests the market is of the same view.

Clearly, if we do not see some de-escalation it would

allow fundamentals once again to dictate price direction and with a surplus market

over 2025 that would mean that oil prices are likely to remain under pressure.

Stocks are moving slightly higher to kick off the week, with the Dow doing the best among the major

averages.

All the S&P sectors are higher with the exception of surprise surprise energy which is off more than 1%.

Among active stocks Boeing moved to raise cash as its machinist strike persists with offerings that

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