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President Donald Trump says he did not address reports from U.S. intelligence agencies that said Russia paid bounties to the Taliban in exchange for the deaths of American soldiers in a phone call with Russian President Vladimir Putin last week.Trump made the comments in an on-camera interview with Axios reporter Jonathan Swan.Trump said his July 23 phone call with Putin was a call "to discuss other things," particularly nuclear proliferation.The president also claimed that the report "never made it to his desk," even though several media outlets have spoken to administration officials that have said the report was included in a daily intelligence briefing in February.Trump also referred to the intelligence as "fake news," and added that "a lot of people are saying that it's a fake issue."When pressed on intelligence reports that Russia has supplied weapons to the Taliban, Trump seemed to justify the Russians' actions by citing the fact that the U.S. sold weapons to the Taliban when the group was fighting the Soviet Union decades ago. Trump also claimed that those reports had also "not reached his desk," despite Sec. of State Mike Pompeo's comments denouncing the arms sales earlier this month.When asked directly if he reads his daily intelligence briefing, Trump said he "reads a lot" and that he "comprehends extraordinarily well, probably better than anyone (Swan) has interviewed in a long time."Watch Trump's interview in the player below. 1471
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

RAMONA, Calif. (KGTV) - The San Diego County Sheriff’s sex crimes task force is investigating reports of a Ramona family who offered free train rides to families at their home, despite the presence of a registered sex offender.The Green family’s miniature railroad was years in the making. Recently, the family invited the Ramona community to visit the property.However, the Megan’s Law website reports 45-year-old Christopher Green, who lives at the home with his parents, is a registered sex offender. His convictions include lewd acts with a child under 14, the Megan’s Law site indicates.10News went to the Greens’ home to ask why the family didn’t let the public know about their son’s background. Green’s father would not go on camera but said his son has paid his dues, the incident was in the past, and the family is moving on. He added there would be plenty of supervision at the holiday train rides and said there’s more to his son’s conviction than meets the eye. Green’s father also said his son has a learning disability.The Sheriff’s Department issued a statement which reads in part, “The sexual assault felony enforcement task force was made aware of the event and has opened an investigation. We will be taking measures to keep the community in Ramona safe for this event.” 1298
RANCHO SANTA FE, Calif. (KGTV) -- The forward rate of spread has been stopped after a fire scorched several acres in Rancho Santa Fe Tuesday afternoon. According to Cal Fire, the blaze started on the 6000 block of Avenida Cuatro Vientos around 2 p.m. The agency said the fire burned through two to three acres. A resident of the neighborhood was at work and said his wife called him, crying and concerned about the flames moving up the hill."Fortunately, my next-door neighbor, who's been here for over 30 years, had a portable pool pump," said Dr. Afshar. "And he was the first to arrive on action to put out the flames that were in our backyard. By the time he had it controlled, the fire department was here."The homeowner believes the fire may have been started by crews hired to clear brush.Witnesses report seeing smoke as far away as Interstate 15. Video taken from the fire shows blackened hillside working its way up near a home perched atop the hill. 969
President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.Biden says he wants to maximize his leverage in future talks with the United States’ geopolitical rival.Speaking to New York Times columnist Thomas Friedman, Biden said, “I’m not going to make any immediate moves, and the same applies to the tariffs.” Biden adds in Friedman’s column published Wednesday: “I’m not going to prejudice my options.”Under Trump, the U.S. and China engaged in a yearlong trade war that has been largely frozen since a Phase One deal was reached in January. While some industries have benefited from Trump’s protectionist policies, the policies have been largely panned by the business community and most experts — and most of the cost of tariffs has been borne by American businesses and consumers.Biden tells Friedman an early priority after his January swearing-in will be to restore relationships with allies to strengthen his negotiating position with China. Biden says key to talks with China is “leverage” and in his view “we don’t have it yet.” 1148
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