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President Trump asks SEC to study abolishing quarterly earnings reports
CNN: 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.
In a statement to reporters, Trump said outgoing Pepsi CEO Indra Nooyi suggested a six-month reporting schedule.
"I'd like to see twice but we're going to see," Trump said. "So we're looking at that very very curiously, we're looking at twice a year instead of four times a year."
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