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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

President Donald Trump tried to end the special counsel probe in December, marking the second known attempt to do so, The New York Times reported Tuesday.The Times report on Tuesday evening came as CNN reported that Trump is considering firing Deputy Attorney General Rod Rosenstein, who has oversight of the Mueller probe, following a federal raid on Trump's personal attorney Michael Cohen.In December, angered by reports of subpoenas for information on his business with Deutsche Bank, Trump told advisers he wanted the investigation to be shut down, according to the Times' report.The Times report, based on interviews with eight sources, said the President backed down after Mueller's office told Trump's lawyers and advisers that reports about the subpoenas were inaccurate.The report outlines the second time Trump is known to have moved to quash the probe, and follows previous reporting?that the President moved to fire Mueller last June, which a source said White House counsel Donald McGahn refused. Trump denied the story at the time.Under special counsel regulations, Mueller's office would have to discuss with the attorney general whether to keep an investigation under the special counsel's office or to refer it to a different jurisdiction. Because Attorney General Jeff Sessions recused himself from oversight of the investigation, Rosenstein would then presumably decide which investigative team moves forward.Trump has regularly lashed out at Mueller's investigation as a "witch hunt," and following news of the raid Monday, he offered a mixed response when asked about firing the special counsel."Why don't I just fire Mueller?" the President said. "Well, I think it's a disgrace what's going on. We'll see what happens."White House press secretary Sarah Sanders?said on Tuesday?that Trump "certainly believes he has the power" to fire Mueller, who under the special counsel regulations can be removed only by the attorney general, or in this case Rosenstein. 2008

Prince Andrew's legal team has told CNN that they will not comment on the arrest of Ghislaine Maxwell, a day after an acting U.S. Attorney urged him to come forward with information about the case.On Thursday, Maxwell was charged with four counts relating to her alleged involvement in recruiting and trafficking underage girls for Epstein and two counts of perjury. Epstein himself was arrested and charged with trafficking in 2019, but weeks later was found dead in his jail cell.In announcing the charges against Maxwell on Thursday, Audrey Strauss — the acting U.S. attorney for the Southern District of New York — urged anyone with information about the case to come forward, particularly Prince Andrew."We would welcome Prince Andrew coming in to talk with us. We would like to have the benefit of his statement," Strauss said in response to a question about Prince Andrew's involvement in the case.Prince Andrew was a known associate of Epstein and even stayed at his New York apartment in 2010 — two years after Epstein pleaded guilty to sex crimes. Prince Andrew also appears in a photograph with Maxwell and a girl who has since claimed Prince Andrew and Epstein abused her.The Duke of York has strongly denied any wrongdoing in his connection to the case.Sources also told CNN that Prince Andrew's legal team says it's "bewildered" and claimed the team has communicated with the Justice Department twice in the last month. Prince Andrew's representatives claim they never received a response from the Justice Department.British Prime Minister Boris Johnson also refused to comment on the matter Friday, saying he cannot be expected to comment on matters relating to the Royal Family."It's just not the tradition; it's not what we do," Johnson said. 1767

PUTNAM COUNTY, Fla. – Florida has recorded its youngest death from COVID-19, a 9-year-old girl.Kimora Lynum died last Saturday in Putnam County, a community located between Jacksonville and Orlando.Her family says Kimmie had no underlying health conditions when she developed a very high fever.Relatives say Kimmie was taken to the hospital for treatment, but was sent home. The child collapsed a short time later and died after her heart failed.Her family has no idea how or where Kimmie contracted coronavirus. Her grief-stricken mother says the child was healthy, stayed home all summer and she had no contact with anyone who had COVID-19.The 9-year-old is the fifth child in Florida to die from the virus. More than 400,000 cases of coronavirus have been confirmed in the state, according to a tally by Johns Hopkins University. 840

President Donald Trump tweeted early Friday morning he and first lady Melania Trump have tested positive for the coronavirus. "Tonight, @FLOTUS and I tested positive for COVID-19," Trump tweeted. "We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!"The president confirmed late Thursday that Hope Hicks, a senior White House staffer who serves as counselor to the president, was infected with the coronavirus."The White House medical team and I will maintain a vigilant watch and appreciate the support provided by some of our country’s greatest medical professionals and institutions," Dr. Sean Conley, physician to the president, said. "Rest assured, I expect the President to continue carrying out his duties without disruption while recovering and I will keep you updated on any future developments."While Conley is optimistic for the president's recovery, according to CDC guidance, given Trump's weight and age, he is at an enhanced risk of complications from the coronavirus. "Hope Hicks, who has been working so hard without even taking a small break, has just tested positive for Covid 19. Terrible! The First Lady and I are waiting for our test results. In the meantime, we will begin our quarantine process!" Trump tweeted Thursday evening.Her infection was first reported by ABC News and Bloomberg.Hicks was on board Air Force One during Trump’s trip to Minnesota yesterday, and to Cleveland on Tuesday. Photos taken by the Associated Press on Wednesday show Hicks was in close proximity of several other senior staffers, including Jared Kushner, Stephen Miller and Dan Scavino. ABC News reported that Hicks was on board the presidential helicopter Marine One with the president on Wednesday. None of the staffers were seen wearing a mask entering Marine One. Earlier this week, Trump mocked his opponent Joe Biden in the presidential debate for his use of a mask."Tonight as an example, everybody had a test and you've had social distancing and all of the things that you have to," Trump said on Tuesday. "But I wear a mask when needed. I wear masks. I don't wear masks like him. Every time you see him he has a mask. He could be speaking 200 feet away and he shows up with the biggest mask I've ever seen."Trump said on Fox News late Thursday evening that he is awaiting test results to find out if he has the virus."I'll get my test back either tonight or first thing tomorrow morning," Trump told Fox News.ABC News said that Hicks was among a “tight group of advisers” to contract the coronavirus.“The President takes the health and safety of himself and everyone who works in support of him and the American people very seriously,” White House spokesperson Judd Deere said in a statement on Thursday. “White House Operations collaborates with the Physician to the President and the White House Military Office to ensure all plans and procedures incorporate current CDC guidance and best practices for limiting COVID-19 exposure to the greatest extent possible both on complex and when the President is traveling."Despite Hicks' diagnosis, Trump remained out of the White House on Thursday. The CDC states that those who have been in close contact with someone who has the coronavirus should quarantine for 14 days. Trump was originally going to meet with supporters on Friday in Washington before heading to Florida for a Make America Great Rally. Those events have been canceled, according to the White House. It's unclear how long President and first lady Trump will quarantine. First lady Melania Trump also tweeted about her diagnosis."As too many Americans have done this year, @POTUS & I are quarantining at home after testing positive for COVID-19," the first lady said early Friday morning. "We are feeling good & I have postponed all upcoming engagements. Please be sure you are staying safe & we will all get through this together." 3926