Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Monday, October 31st and I'm your host Julie Morgan.

Our top stories.

Wheat soars after Russia pulls out of Black Sea Grain Initiative.

Blackstone and Emerson Electric strike $14 billion buyout deal.

Elon Musk is said to have ordered imminent Twitter layoffs.

Village MD is exploring a deal with Summit Health.

Credit card delinquency rates inch toward pre-pandemic levels in September.

Before we take a look ahead to this week,

let's take a look back at Friday a positive day on Friday the

NASDAQ ended up 2.9% the S&P 500 finished up 2.5% and the Dow closed up 2.6 percent.

10 of the 11 S&P sectors posted gains during the session.

This included a 4.5% jump in Infotech.

Meanwhile, Communication Services, Consumer St, financials, industrials, real estate, and utilities,

all posted advances of more than 2%. Consumer discretionary was the only segment in the red posting a fractional decline.

Michael Kramer is a Seeking Alpha contributor with Mot Capital Management, he says even though markets

continue to push higher on Friday, most of the activity is not due to anything

that has fundamentally changed in the market. He went on to explain recently there has been

a flurry of activity that ties into the same day options expirations in major

indices and ETFs that help push prices higher as traders buy calls and sell puts.

This helps push volatility down and increase stock prices.

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