TUESDAY 9/15/15; Turnbull Named Australian Prime Minister; BOJ Policy Decision; Retail Sales; Empire State Mfg Survey; Industrial Production; Business Inventories; US Stocks Rally; Treasury Yields Run Higher; 2-Year Yield 0.815% a 4-Year High

In Australia, Malcolm Turnbull challenges Tony Abbot for the prime minister position and wins with a 54-44 vote. The top position is a revolving door with Turnbull the fifth prime minister in Australia in eight years. Aussie dollar 0.7141.

Asian indexes begin trading with the NIKK up +0.4%. The SPASX200 and KOSPI are each down marginally. Australian stocks trade lower due to the prime minister change creating uncertainty. US futures are
















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.............closing bell, Microsoft announces a 16% increase in the dividend a nickel rise to 36 cents. MSFT trades up +0.3%. HPQ announces plans to ax 25K to 30K employees as Hewlett Packard prepares for the split into two companies, HP Enterprise and HP Inc, in a couple months. Hewlett is splitting the computer and printer businesses. 30000 people may want to rethink the names and gifts on this year’s holiday shopping list.

The banks continue to lay off employees, tech companies such as HPQ are reducing the ranks and GE sends 500 US jobs to France, Hungary and China. These jobs are high-paying jobs that are replaced with low-wage MCD-type jobs. “Do you want some fries with ‘dat burger?”