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RAINBOW, Calif. (KGTV) — Two people are dead following a wrong-way collision on Interstate 15 in North San Diego County late Friday.A white Hyundai Elantra heading northbound entered southbound I-15 from Deer Springs Rd. at about 11 p.m., according to California Highway Patrol. The male driver was reportedly using the fast lane as he traveled at high speed in the wrong direction, CHP said.A CHP trooper started a traffic break near State Route 76 in an attempt to stop the Hyundai, but the vehicle failed to stop for the traffic break and continued northbound. The CHP unit turned around and started following the Hyundai from the northbound side.TIMELINE: Wrong-way crashes in San Diego CountyJust before 11:30 p.m., CHP received a report of a vehicle crash near Rainbow Valley Blvd. Troopers arrived to find the Hyundai had collided with a grey Honda Civic traveling in the right direction.The female driver of the Honda, identified as a 20-year-old from Murrieta, died at the scene. The driver of the Hyundai, identified as a 23-year-old from Lake Elsinore, was taken to Palomar Medical Center, where he later died.Investigators believe impairment was a factor in the crash. The crash remained under investigation Saturday. 1262

President Donald Trump says he has asked the SEC to study whether to stop requiring companies to report quarterly earnings.In speaking to business leaders, one told him a twice-a-year reporting system would allow companies the flexibility and cost savings companies need to "Make business (jobs) even better in the U.S." Trump tweeted Friday morning. Trump said he directed the SEC to look into a change in its requirements.Public companies must report their sales, profits and the state of the company's balance sheet every quarter. That has been required since the Securities Exchange Act of 1934, which was put in place to give more confidence and transparency to investors in the wake of the 1929 stock market crash. That act also created the SEC, which sets the regulations which govern those quarterly reports.Businesses have long complained that the reports require company executives to focus too much on the short term. Juicing numbers impresses investors, but it can force companies to miss out on long term trends. One of the reasons Tesla CEO Elon Musk wants to take his company private, he told his employees last week, was the way quarterly reports distort decisions at the company.President Barack Obama has also criticized quarterly reports.Speaking to the New York Review of Books in 2015, Obama said that he had talked to a large number of businesses executives who told him, "Because they've got quarterly reports to shareholders and if they've made a long-term investment that may pay off way down the line, or if they're paying their employees more now because they think it's going to help them retain high-quality employees, a lot of times they feel like they're going to get punished in the stock market. And so they don't do it, because the definition of being a successful business is narrowed to what your quarterly earnings reports are."Shareholders, however, use the quarterly earnings reports as a guide to the quality and health of their investments. Without quarterly financial reports, investors could be blind to important risk factors that could damage their portfolios.The president has run privately-held companies that didn't have to report results at all during most of his time in business,The European Commission, among others, only requires semi-annual financial reports of companies there, although major European companies whose stock is traded in both the United States and Europe will report on a quarterly basis in order to comply with SEC regulations.The-CNN-Wire 2519

Rapper and music producer Kanye West will not be on the election ballot in Missouri and Wyoming this November. Missouri Secretary of State Jay Ashcroft's office on Tuesday notified West that his supporters had not gathered enough signatures to qualify for the state's general election. 294

President Donald Trump’s push to reopen schools is being complicated by a split within his ranks over how to do it. Some advisers are advocating for a massive federal expenditure to make campuses safe. This comes Congress is compiling the next COVID-19 relief bill. Senate Majority Leader Mitch McConnell said Monday schooling will be a priority in the coming package. Senate Democrats have proposed a 0 billion education stabilization plan. But the Republican leader has not said how much Congress is willing to spend. He's wary of high-dollar spending that will run into resistance from GOP senators. Vice President Mike Pence assured governors on a private call that talks are underway for “additional” education funds from Congress, and he repeated that at a higher education event in Louisiana Tuesday afternoon. 828

RAMONA, Calif. (KGTV) – It was a nightly ritual. Steve Faught would put his dog, Riley, in his old Ford pickup and take him to a nearby baseball field to play fetch.  On his way Thursday night, he stopped by Stage Stop Liquor and Gas to pick up a six-pack of beer. But he never made it to the field. Faught was found at the gas station with a major injury to his neck, according to the San Diego Sheriff’s Department. He was airlifted to a hospital for surgery but did not survive. His older brother, Jerry Faught, described him as funny, with a warm personality. “To him, life was a good place,” he said. “He was just the kind of person you’d like to know.” Faught heard the news from Steve’s wife, who called him at his home in Portland. His older brother instincts kicked in. “I couldn’t help him. I couldn’t save him. That’s hard,” he said. Homicide detectives are trying to piece together what happened and what led up to the altercation, but as of Friday morning they had not been able to locate any witnesses or surveillance video. The suspect, 26-year old Jarrett Wishnick, has been arrested for murder. 1169

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