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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
PROVO, Utah - Things were far from the "friendly skies" on a flight to Provo over the weekend when a fight broke out after a passenger refused to wear a mask.Rylie Lansford shared a video of the altercation that occurred just moments after she boarded the Allegiant flight from Mesa, Arizona, to Provo, Utah, on SaturdayLansford says the fight started after a flight attendant asked a man who had already boarded to wear a face mask that covered his mouth and nose. The passenger was already wearing a face shield, but Allegiant requires masks to be worn at all times. View this post on Instagram This happened on my flight earlier today. Allegiant flight from Mesa-Phoenix to Provo, UT. I will be posting the story and what happened next! A post shared by Rylie Lansford (@bakedbyrylie) on Oct 3, 2020 at 6:38pm PDT A mild argument ensued between the reportedly belligerent passenger and the flight attendant.Soon thereafter, another passenger became involved in the dispute. Police said that the passenger asked the man to comply.Flight attendants told both men they would be kicked off the flight if they did not tone down their behavior. However, Lansford said the second man continued on a tirade and threatened the original man.At that point, with the flight ready to depart, security was called in to remove the man who refused to wear a mask.As the man got up to be escorted out, Lansford believes he took a punch at the second passenger. A brief physical scuffle occurred and Lansford ran to the front of the plane.Lansford says the flight crew handled the entire situation really well.While the original man was escorted off, the second passenger was not removed from the plane despite his participation in the fight.When contacted by FOX 13, Allegiant reiterated its position on wearing face masks on flights."Face coverings must be made of solid material, fully cover the mouth and nose, fit snugly against the face, and be secured under the chin. Prohibited coverings include those with exhalation valves, holes (such as lace or mesh), neck gaiters, and bandanas. Face shields may be worn in addition to a face covering, but not as an alternative."The flight eventually departed and arrived in Provo without any further incident.According to Mesa Police, 52-year-old Rio James Honaker was charged with disorderly conduct. This story was first reported by Jeff Tavss at KSTU in Salt Lake City, Utah. 2446
President Donald Trump spoke about a bunch of subjects at his White House press briefing on Wednesday.President Trump and his Coronavirus adviser Scott Atlas spoke to the media about COVID-19 vaccines' availability, which should be made available relatively soon, Trump and Atlas said."Within the first 24 hours of the FDA's approval under emergency use, we will have vaccines delivered within the first 24 hours," Atlas said. "And it will be done at virtually no cost to Americans. And the terms of the dosage, there will be -- it is anticipated that no later than January all the top priority people will have received the vaccine or can receive the vaccine."Atlas said 700 million doses would be available for distribution by the end of Q1.When asked if he was ready to sign off on the Oracle-TikTok deal, Trump said that there were still studies being done that he had not looked at, so he wasn't prepared to sign-off on anything."We need to see the deal," Trump said. "We need security, especially with what we've seen with respect to China and what's going on. We need security. They'll be reporting to me Thursday morning, and we'll let you know."Trump was thrilled to hear about the news that the Big Ten Conference would be playing football this season. He even encouraged the Pac-12 to play this season, even though they said they wouldn't play due to COVID-19 concerns."I want to recommend that the Pac-12 also get going because there's no reason why the Pac-12 shouldn't be playing now," Trump said. "I want to recommend to the Pac-12, you're the only one now, open up. Open up, Pac-12. Get going. I said the same thing to Big Ten, and they did. And now I'm saying it to Pac-12. You have time. You really have time right now. Get going."Trump also mentioned that one staffer at the White House has tested positive for the virus, but clarified that the staff member had not contacted him."I have people tested when people come into the Oval Office, Trump said during the briefing. "It is like a big deal no matter who they are. Heads of countries they all get tested. I'm in sort of a different position. Maybe if I weren't in that position, I would be wearing it more. But I wear masks, and I like to wear than when I'm in hospitals. Not for me as so much for other people." 2294
RANCHO SANTA FE, Calif. (KGTV) - A custom-built Rancho Santa Fe home with spectacular hilltop views is for sale for ,850,000.The estate is located in a gated community on one of San Diego’s highest points.With features like a Sub-Zero fridge, double oven, and two dishwashers, the home is optimized for entertaining.HOUSE TOUR: Rancho Santa Fe home high on a hilltopThe home is listed by Joy Bender and Robert Aumann with Pacific Sotheby’s Realty.7804 Camino de ArribaBedrooms: 4Full baths: 4Partial baths: 2Square feet: 6,804 536
to recuse himself in the probe, as The New York Times reported Tuesday.The South Carolina Republican said he believed Trump was "expressing frustration" that Sessions should have shared his reasons for recusal before accepting the role of attorney general. 800