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Republican Congressman Duncan Hunter won re-election in the 50th Congressional District, despite facing federal charges of campaign fraud. With 100 percent of the precincts reporting, Hunter had just over 54 percent of the vote against Democrat Ammar Campa-Najjar."He's strong on the 2nd Amendment, he's strong on our defense, he's very pro-military," said Dan Summers, a Ramona resident who voted for Hunter and celebrated at his campaign event Tuesday night. Hunter did not make himself available to the media, and in a statement said he looked forward to representing the 50th Congressional District on issues that matter to them."For 10 years, I have consistently and unapologetically focused on rebuilding the military, protecting the border, which includes a border wall, cutting taxes, supporting our veterans, creating small business jobs and economic development, upholding the 2nd Amendment and protecting the sanctity of life," Hunter said in the statement. Hunter's statement did not address the criminal charges, which he and his wife Margaret pleaded not guilty to in Federal Court earlier this year. The two are accused of misusing 0,000 in campaign contributions and falsifying reports. Still, if convicted, there is no rule in the House that Hunter would have to give up his seat. Expulsion requires a two-thirds vote, which would require Republican votes.Political analyst John Dadian says he sees Hunter fighting to keep his seat. "Technically he could still serve, and technically he could still serve from a jail cell," he said. "For example, he were to only get one year he could technically stay in and when he gets out in a year have a year left on his term."Under California law, the governor would have 14 days to set an election date for a vacant House seat. That would happen between 126 and 140 days later, or with the next regular election, if it's within 180 days. The Hunters are due back in court Dec. 3.   2005

President Trump wants Japan Inc to "try" building vehicles in the U.S."Try building your cars in the United States instead of shipping them over. Is that possible to ask? That's not rude. Is that rude? I don't think so," Trump told executives from automakers including Toyota and Mazda during a trip to Japan on Monday.Japanese automakers, however, already have huge factories in the U.S. that churn out millions of cars each year. 439

Rafael Nadal, the current No. 2-ranked tennis player in the world and winner of 19 career Grand Slam titles, won’t play in the upcoming US Open citing coronavirus concerns.Nadal, 34, is chasing Roger Federer for most career Grand Slam titles as both players head toward the twilights of the careers. For Nadal the spread of the coronavirus took precedence to catching Federer, who has won 20 Grand Slams.“The situation is very complicated worldwide, the COVID-19 cases are increasing, it looks like we still don’t have control of it,” Nadal said on Tuesday. “We know that the reduced tennis calendar is barbaric this year after 4 months stopped with no play, I understand and thank for the efforts they are putting in to make it happen.”The tennis calendar was scaled back in March as the coronavirus began to spread worldwide. This year’s Wimbledon tournament was canceled altogether, while the French Open, a tournament Nadal has won a record-setting 12 times, has been postponed to early October.Despite major tournaments being postponed, players have continued playing competitive matches, sometimes amid controversy. Early in the summer, tennis star Novak Djokovic organized an Eastern Europe tournament that ignored coronavirus safety measures. The tournament’s final ended up being canceled, and a number of players, including Djokovic, ended up with coronavirus infections. 1389

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

Republican Reps. Chris Collins and Duncan Hunter, who are both facing federal indictments, were re-elected to Congress Tuesday night, CNN projects.Both men were early supporters of President Donald Trump, who blasted the Justice Department earlier this year for investigating the two Republicans.Despite the federal charges against him, which he calls "meritless," Collins has been actively campaigning to keep his seat in New York's 27th Congressional District.Collins, the first House member to endorse Trump's 2016 campaign, has been charged with securities fraud, wire fraud and false statements stemming from alleged insider trading in stock of an Australian pharmaceutical company.Hunter, who represents California's 50th Congressional District, was indicted the same month as Collins in August -- but for charges of campaign corruption related to a quarter-million dollars' worth of charges on his campaign credit card. Hunter claimed he was framed by a "corrupt" Department of Justice but also placed blame on his wife.He went on to suggest that his Mexican-Palestinian-American opponent -- a 29-year-old former Obama administration aide who is Christian -- is a Muslim with ties to terrorism who would threaten the security of US soldiers.Meanwhile, Sen. Bob Menendez, a Democrat from New Jersey, survived a tough re-election bid amid dismal approval ratings following his federal corruption trial that ended in a hung jury.While the Justice Department filed to dismiss charges against Menendez, he was still admonished by the Senate Ethics Committee for accepting gifts without proper approval from a wealthy ophthalmologist and returning in kind with political favors.. 1688

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