Trump Calls On SEC to Study Ending Quarterly Reporting
Aug 20, 2018, 21:13
While it's hard to determine what will come of Trump's tweet and charge to the SEC, if such a change were to occur, Wedbush Securities analyst Christopher Svezia said there could be positives for both investors and companies.
He suggested that a switch to only half-yearly reporting would save companies money, echoing the wishes of several top chief executives.
Half-yearly reporting would mark a huge change in US disclosure requirements and put them in line with European Union and United Kingdom rules.
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".
Trump's proposal, released via Twitter, would do away with the decades-old tradition of obligating companies to file quarterly reports and move to a semi-annual system.
Others said quarterly disclosures are essential for investment decisions and support richer USA stock valuations, and that a change could make shares more volatile. Even SEC Chairman Jay Clayton, a Trump appointee who has made boosting the number of initial public offerings one of his top priorities, hasn't floated the idea of scaling back reporting requirements. "So we're looking at that very, very seriously", Trump said as he was boarding Marine One on the White House lawn Friday morning.
Nooyi said in an e-mailed statement, "Many market participants, as well as the Business Roundtable which we are a part of, have been discussing how to better orient corporations to have a more long-term view".
The SEC has been reluctant to make any changes in quarterly financial reporting, which has always been a cornerstone of US capital markets. The report compares company earnings with that of the previous quarter.
"Investors and other stakeholders benefit when regulations ensure that important information is promptly and transparently provided to the marketplace", said Amy Borrus, CII's deputy director.
Quarterly reports are "early warning signs of other bigger problems", Elson said.
The SEC enjoys some level of distance from the White House because it's an independent agency.
Australian singer Renee Geyer was enormously influenced by Franklin from a young age and spoke about her passing on ABC radio. Stevie, who spoke with Aretha on her deathbed, said he told her to say "hello" to his sister, who also passed away this year.
Rather, it authorizes the policies under which funding will be set by the appropriations committees and then voted on by Congress. To curb the impacts, the USA government will providing funding to allow businesses to pay for the technology they must replace.
He called Trump's assertion there was no collusion between his campaign and Russian Federation " hogwash ". "This action is quite clearly a signal to other former and current officials", the letter says.
Turkey asked the United States to get a prisoner out of Israeli jail, which the USA did the next day, according to The Guardian . Not only would this help contain inflation but it would also help support the lira.
He hit 11 of 20 passes for 212 yards, didn't turn the ball over and converted two fourth-down plays with his feet. Mayfield's National Football League debut got off to a rocky start after some conservative play-calling.
Either way, Bakayoko has intense competition in Cesc Fabregas, Ross Barkley, Jorginho, N'Golo Kante and possibly Mateo Kovacic . The Brazilian was late in turning up for pre-season, which new manager Maurizio Sarri was not too happy about.
Manchester United appear to have named Marcus Rashford as the club's new number 10 ahead of the upcoming season. David de Gea was kept relatively busy in the first period, making diving saves from Martinez and Serge Gnabry .
He is a colonel in the Air Force, where he was a flight test engineer before being selected as a NASA astronaut in 2009. Josh Cassada: Coming to NASA after a career as a test pilot in the Navy, Cassada was chosen as an astronaut in 2013.
Chelsea coach Maurizio Sarri also confirmed that Belgium worldwide Eden Hazard will not be leaving the club this season. Willian believes the fresh tactical approach can help Sarri secure a win over fellow new Premier League boss Emery.
Samsung also said the popular shooter game " Fortnite " is coming to Android and will be exclusive to Samsung phones until Sunday. The new Note phone is expected to be bigger, have more generous storage and tout improved camera performance in low light.
At the time of the doctor's death, former President Bush called him "a fantastic cardiologist and a good man". Acevedo told reporters that evidence indicated Pappas put a lot of planning into the alleged crime.
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