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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 sought to reassure National Rifle Association members at their 2018 annual meeting Friday that their Second Amendment rights are safe in the midst of a national conversation on gun law reform."Thanks to your activism and dedication, you have an administration fighting to protect your Second Amendment and we will protect your Second Amendment," he said. "Your Second Amendment rights are under siege, but they will never ever be under siege as long as I am your president."Trump also urged the crowd not to become "complacent" heading into the midterm elections as he sought to galvanize the base."Don't be complacent. Don't be complacent," Trump urged the crowd. "History says that when you win the presidency, you get complacent. You know the feeling? Like 90% of the time you win the presidency and for whatever reason you lose the midterm. We can't let that happen. And the word is complacent.""We cannot get complacent," Trump said again.Still, Trump predicted that Republicans will do well in 2018, arguing "the Democrats are very concerned.""You watch how well we do in '18, you watch," Trump said.  1143

President Donald Trump told reporters at the White House Saturday that this would be a "good time" for a government shutdown if he doesn't get funding from Congress for his border wall."I think probably, if I was ever going to do a shutdown over border security, when you look at the caravans, when you look at the mess, when you look at the people coming in, this would be a very good time to do a shutdown," Trump said.Trump added, however, that he didn't think a shutdown would "be necessary, because I think the Democrats will come to their senses."With the midterm elections now over, Congress is anticipating returning to a battle over Trump's promised border wall.Last month, House Speaker Paul Ryan predicted a "big fight" over border security on the horizon, and Senate Majority Leader Mitch McConnell said the GOP is "committed" to working to secure the funding the President wants for his signature campaign pledge. 934

President Donald Trump’s longtime former attorney Michael Cohen is now featured in an advertisement against the president. In the advertisement, Cohen warns voters that Trump “can’t be trusted.”While Cohen had a privileged glance of the president over the years, his creditability has taken a hit. In 2018, Cohen pleaded guilty to lying to Congress. Cohen admitted he lied about plans to build a Trump Tower in Russia.The former personal lawyer was also actively involved in payments on Trump's behalf to porn star Storm Daniels, which the Southern District of New York investigated for alleged violations of campaign finance. No charges were filed in that case.The ad first ran on Night 1 of the Republican National Convention on Monday, and is sponsored by American Bridge 21st Century, which is backing Trump opponent Joe Biden in the upcoming election.“I was complicit in helping conceal the real Donald Trump. I was part of creating an illusion,” Cohen said"He can't be trusted and you shouldn't believe a word he utters," Cohen added. "So, when you watch the president, this week, remember this. If he says something is huge, it's probably small. If he says something will work, it probably won't.”Beyond the ad, Cohen is becoming a more vocal critic of the president. Cohen confirmed that he will be speaking to MSNBC’s Rachel Maddow for an upcoming segment. Cohen is also releasing a book titled, “Disloyal: A Memoir: The True Story of the Former Personal Attorney to President Donald J. Trump” The book will release next month.The people who know Donald Trump best are sounding the alarm: our country cannot survive four more years of a Trump presidency.In our latest ad, a former member of his inner circle & "fixer" — @MichaelCohen212 — has a dire warning for us all. #RNC2020 pic.twitter.com/suPUODOdwz— American Bridge 21st Century (@American_Bridge) August 24, 2020 1892

President Donald Trump says he will unveil his nominee to replace Supreme Court Justice Ruth Bader Ginsburg on Saturday.Trump tweeted Monday that he will announce his nominee at a White House press conference Saturday at a time to be determined.During an appearance on Fox & Friends on Monday morning, Trump hinted that his nominee could be coming "Friday or Saturday." At the time, Trump said he wanted to pay respect to Ginsburg.Ginsburg will lie in repose at the Supreme Court building on Wednesday and Thursday and will lie in state at the Capitol Building on Friday. She will be buried early next week in a private ceremony at Arlington National Cemetery, days after Trump announces her replacement.Democrats say whoever wins the 2020 presidential election should chose Ginsburg's replacement. In 2016, Republicans blocked President Barack Obama's nominee to replace Supreme Court Justice Antonin Scalia for nine months, saying that Americans should decide who nominates his replacement.Sen. Lindsey Graham, the chairman of the Senate Judiciary Committee, said Monday that Republicans have the votes to confirm Trump's nominee before the 2020 election. 1169