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President Donald Trump traveled again Tuesday to Walter Reed National Military Medical Center outside Washington, where his wife, Melania, is convalescing after a kidney procedure.The first lady underwent the procedure on Monday, and her office said she would likely remain in the hospital for the rest of the week. Trump wasn't at the facility during the procedure but flew there aboard his Marine One helicopter later Monday afternoon.He flew there again on Tuesday, arriving just past 4 p.m. and remained for roughly 80 minutes. Earlier, he began remarks on Capitol Hill by thanking the "incredible" doctors at Walter Reed for his wife's care. 654

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

Quaker Oats, the parent company of Aunt Jemima pancake mix and syrup, says it will completely rebrand the line — including changing the name and logo — saying the current brand is based on a "racial stereotype."“We acknowledge the brand has not progressed enough to appropriately reflect the confidence, warmth and dignity that we would like it to stand for today,” Kristin Kroepfl, vice president and chief marketing officer of Quaker Foods North America, said in a press release. “We are starting by removing the image and changing the name. We will continue the conversation by gathering diverse perspectives from both our organization and the Black community to further evolve the brand and make it one everyone can be proud to have in their pantry.”Bottles of syrup and boxes of pancake mix will no longer carry the image of Aunt Jemima beginning in the fourth quarter of 2020. A name change will be announced at a "later date." Quaker said the new name would "quickly follow the first phase of packaging changes."The press release did not indicate what plans the company had for the new brand.Aunt Jemima debuted in 1889 as the "world's first" ready pancake mix. For decades, the Aunt Jemima mascot drew on the "mammy" stereotype — a minstrel caricature of black women that reinforces slavery-era values like loyal servitude. The caricature is often represented as a heavy-set black woman with a handkerchief in her hair.The mascot evolved throughout the years, but it wasn't until 1989 that the brand redesigned Aunt Jemima to remove her handkerchief and add "pearl earrings and a lace collar" to give her a more "contemporary look."“We recognize Aunt Jemima’s origins are based on a racial stereotype," Kroepfl said. "While work has been done over the years to update the brand in a manner intended to be appropriate and respectful, we realize those changes are not enough.”Aunt Jemima's rebrand comes as institutions across the U.S. hold conversations about race amid nationwide protests, calling justice for George Floyd. Floyd's death in police custody in Minneapolis on Memorial Day has prompted weeks-long, mostly peaceful protests in dozens of cities across the country against racism and police brutality.In its press release Tuesday, Quaker said that the Aunt Jemima brand would donate "a minimum of million over the next five years to create meaningful, ongoing support and engagement in the Black community." 2437

RANCHO SANTA FE, Calif. (KGTV) - A Fairbanks Ranch home damaged in a fire was once listed on Airbnb as a ‘mega mansion’ for rent, multiple sources show. The home in the 6800 block of Spyglass Lane caught fire Sunday night and burned for two hours until the flames were knocked down. A cleaning crew was in the home but escaped without injury. A Zillow listing for the 20,000 square foot house indicated it was on sale for almost million. It was previously available for rent for ,500 per week.“Magnificent Venetian palace in chic guard-gated Del Rayo Estates in the exclusive enclave Rancho Santa Fe, minutes from the Golf Course, Del Mar Racetrack & Beach,” the listing on Zillow reads. “In the past, the property has generated 0,000 in income from short term rentals.” RELATED: Crews knock down Fairbanks Ranch mansion fireAlthough a previous Airbnb listing was removed by Monday, an article about the most expensive U.S. rentals on farandwide.com reported the home had been available for rent as of November 2018. There was no immediate word on whether the home had been rented Sunday. “This vast property in Rancho Santa Fe is 21,000 square feet, can accommodate up to 14 guests in seven bedrooms, and has an acceptable eight and a half bathrooms,” according to the article. Other amenities listed on Zillow included a bowling alley, yoga studio, wine cellar, elevator, guest house, 3,000 square foot kitchen, tennis court, and a pool with a waterfall. The cause of the fire remains under investigation. 1528

President Donald Trump tweeted on Monday that Sec. of Defense Mark Esper has been terminated.Trump added that he has tasked Christopher C. Miller to take over as Acting Sec. of Defense.Esper took over as Acting Sec. of Defense in June and was named as the department's director shortly thereafter. Late last week, NBC News reported that Esper had drafted a resignation letter in the days following the 2020 presidential election.Esper has been at odds with Trump throughout his tenure. In June, he said he opposed the President's call to use active-duty military members to break up protests against police brutality in the wake of George Floyd's death.NBC News also reports that Esper plans to help Congress draft legislation that would re-name military bases that honor Confederate generals — a policy that Trump also opposes.Esper was Trump's second full-time Secretary of Defense. Jim Mattis served in the role from 2017 until Jan. 1, 2019, when he resigned following Trump's call to remove U.S. troops from Syria. 1026