Plugin/Preset files are not allowed to export objects, only functions.

原因：babel版本冲突，6和7版本改动较大，存在兼容问题

解决办法:
将babel版本全部升级为7，或者将版本全部降到6

升级到7：

"@babel/core": "^7.0.0-beta.40",
"@babel/cli": "^7.0.0-beta.40",
"babel-loader": "^8.0.0-beta.0",
"babel-plugin-lodash": "^3.3.2",
"babel-plugin-react-transform": "^3.0.0",
"@babel/preset-react": "^7.0.0-beta.40",
"@babel/preset-stage-0":'^7.0.0'

还要修改.babelrc文件

query: {
   presets: ['@babel/react', '@babel/stage-0'],
   plugins: ['']
 }

降级到6：

"babel-core": "^6.26.0",
"babel-loader": "^7.1.2",
"babel-plugin-transform-runtime": "^6.23.0",
"babel-preset-env": "^1.6.1",
"babel-preset-stage-0": "^6.24.1",

还报错的话，删除所有依赖，重新npm install