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Republican Darrell Issa has represented the 49th Congressional District for nearly 20 years, but new signs are pointing to a Democrat taking that House seat in the November election.Republican Diane Harkey is vying for the position against Democrat Mike Levin. The district runs from coastal North San Diego County into Southern Orange County. Speaking to the Republican Party of San Diego County at an event this month, Harkey said some are losing hope in her campaign. She rallied attendees at the Town and Country Resort on keeping the 49th a Republican seat. After an enthusiastic response, she told the crowd: 637

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 Trump on Monday denied that he offered Sen. Elizabeth Warren (D-Massachusetts) a million charitable donation if she would take a DNA test that proved she had Native American heritage."Who cares," Trump said when asked about Warren's DNA test. "I didn't say that, you'd better read it again."During a rally in Great Falls, Montana on July 5, Trump posed a hypothetical scenario in which he and Warren squared off in a presidential debate. Trump stated that if Warren were to bring up her claimed Native American heritage during the debate, he would immediately ask her to prove her bloodline with a DNA test."We will say, 'I will give you a million dollars to your favorite charity, paid for by Trump, if you take the (DNA) test and it shows you're an Indian,'" Trump said.Warren called out Trump's false statement in a tweet on Monday."Having some memory problems, @realDonaldTrump? Should we call for a doctor?" Warren tweeted.  970

Record high ocean temperatures are bringing large crowds to San Diego beaches. The warm water also has the potential to attract more stingrays and jellyfish to the area.The Scripps Institute of Oceanography reports that surface ocean temperatures reached a record 79.5 degrees Sunday, which is more than ten degrees above normal. That, combined with unseasonably hot and humid weather, brought 333,680 people to City of San Diego beaches over the weekend, city lifeguards estimate. Clarissa Anderson, executive director of the Southern California Coastal Ocean Observing System at Scripps Institute of Oceanography, said it's unclear what has led to the higher temperatures. "The last several years we really have seen these anomalous temperatures every summer," she said, adding that the hot and humid water could be playing a role.The warm waters could also attract more stingrays to plant themselves along the shallow sand and jelly fish in the water just off shore. People who don't shuffle their feet risk a sting from the ray, while jelly fish sting on contact."More people are going to the beach, warmer temperatures, nice water and so you've just got more people and more animals, higher probability of encounter," Anderson said. Anderson said it was unclear how long these high temperatures would last. She noted the county had record low ocean temperatures - based on date of year - just a few weeks ago. 1422

President Donald Trump sought to buy all the dirt on him collected by the tabloid National Enquirer and its parent company American Media Inc., according to a new report.Trump and his former personal attorney Michael Cohen devised a plan to purchase potentially damaging stories about Trump from AMI, The New York Times reported Thursday, citing several of Trump's associates.The plan was never finalized, according to the Times. Lawyers for Trump and Cohen declined to comment to the newspaper, as did AMI.The information gathered on Trump dating back to the 1980s includes older stories and notes about Trump's marital woes, lawsuits and tips about alleged affairs, among other things, according to the Times.Last week, Jerry George, the former Los Angeles Bureau Chief for the National Enquirer, told CNN's Erica Hill on "Erin Burnett OutFront" that American Media head David Pecker kept a safe in which he held "particularly sensitive story files," including source agreements and contracts. The Associated Press first reported on the safe. 1052