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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

Ranked the 8th fastest-growing among small breweries in the country in 2017, we go inside Eastlake’s Novo Brazil Brewing to see what makes them so good.Novo Brazil Brewing Co.901 Lane Ave #100, Chula Vista, CA 91914Phone: (619) 869-4274 MORE: Two San Diego County breweries among fastest growing in the nation    340

Rachel Peterson was already having a tough time of it when she called a supermarket chain's pharmacy to get a prescription filled.Then the pharmacist made things worse.Peterson says back in July a pharmacist at a Meijer pharmacy in Petoskey, Michigan, refused to fill her prescription for a drug to treat her miscarriage because of his religious beliefs. She's working with the American Civil Liberties Union to change Meijer's policy and is willing to go to court if need be to keep what happened to her from happening to another woman. 545

RAINBOW, Calif. (KGTV) — The wildfires in Australia destroyed many parts of the Outback. But they have also touched off a massive wave of support around the world. Everyone is searching for ways to help not just the families and firefighters, but the animals deprived of their homes. A woman from the tiny town of Rainbow is hoping her handiwork will help the Australian wildlife in a big way.Symphony Ariosta, 31, is a true animal lover. "I love animals. If I could, I would run a rescue myself," Ariosta said. "I figure if I can't, then why not use my talents and trades to help the ones that need it?"RELATED: San Diego Zoo Global supports koala recovery amid devastating Australia wildfiresThe ones in need right now are in Australia. Scientists at the University of Sydney estimate at least one billion animals have been killed in the months-long wildfires. Seeing the images of the animals and the flames on the news reminded Ariosta of the tragedy her family experienced in the 2007 Rice Canyon Fire in Fallbrook. "It's heartbreaking," Ariosta said. "I feel, no matter where in the world you are, if you can help, why not?"She wondered what she could do without breaking the bank. She searched online and found "Rescue Craft Co," a group dedicated to handicrafts."There's wildlife pouches, there are bat wraps, there are little marsupial bags, hanging pouches," Ariosta explained. RELATED: Here's how you can help the victims of the Australian wildfiresThe website offered patterns to make fuzzy little homes for injured and orphaned animals in Australia. Crocheting birds nests is Ariosta's go-to."They're quick, and they're easy to pump out," Ariosta said, with her crochet hook in hand. "So it's kind of my favorite thing to do."In the last three days, she recruited several people from Rainbow and neighboring Fallbrook to join her cause. "Bringing everyone together in that way over a common kind of unifier has really just made a huge difference, and it's brought our community together as well," Ariosta said. RELATED: UCSD Health, San Diego Zoo Safari Park team up to save gorilla's eyesightA tight-knit community, coming together, one stitch at a time. "It might seem a little cheesy, but baby steps are still steps forward, and so that's where we're going from there."Ariosta says a local shipping company called "Going postal" has offered to send the handicrafts every week to Australia, free of charge. She also says she printed out simple patterns and left them at the Fallbrook Library if anyone else wants to join the cause. 2555

President-elect Joe Biden will not be sworn into office until January 20, but it appears he is taking action now to do what he can to control the record-breaking spread of the coronavirus.Biden will announce a coronavirus task force on Monday, according to comments he made Saturday night. "On Monday, I will name a group of leading scientists and experts as transition advisors to help take the Biden-Harris COVID plan and convert it into an action blueprint that starts on January 20th, 2021. That plan will be built on a bedrock of science. It will be constructed out of compassion, empathy, and concern," Biden said during a speech Saturday night.The announcement about this team comes before other traditional presidential transition team announcements, like potential cabinet members and senior White House staff.Aides to Biden tell media outlets the task force plans to hold frequent televised briefings on the crisis.The task force will be led by three people at this point; former Surgeon General Vivek Murthy, former Food and Drug Administration Commissioner David Kessler and Dr. Marcella Nunez-Smith of Yale University, a Biden campaign official told NBC, CNN, and Axios. There will reportedly be 12 members of the team."Our work begins with getting COVID under control. We cannot repair the economy, restore our vitality, or relish life’s most precious moments — hugging a grandchild, birthdays, weddings, graduations, all the moments that matter most to us — until we get this virus under control," Biden said. As America voted this week, new coronavirus cases first set a record above 100,000 in a day, and then blew past that reaching above 120,000 new cases in a day.Scientists and health experts have been warning this fall and winter could be “painful,” with Dr. Anthony Fauci repeatedly saying over the last month that the country’s daily coronavirus cases and hospitalizations were going in the “wrong direction” ahead of the winter months.According to Johns Hopkins University data, new daily cases in 47 states and the D.C. area are rising at least 5 percent a day.As of Saturday night, more than 237,000 Americans had died from the coronavirus. 2176