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  • 2 months ago
President Donald Trump proposed that U.S. companies shift from quarterly to semiannual earnings reporting, claiming it would reduce costs.
Transcript
00:00President Donald Trump proposed that U.S. companies shift from quarterly to semi-annual
00:05earnings reporting, claiming it would reduce costs and help managers focus on long-term
00:10strategy. In a Truth Social post, he cited China's long-term corporate planning approach
00:15as a contrast to America's short-term mindset, though China still mandates quarterly reporting.
00:21The idea mirrors past suggestions from business leaders like Warren Buffett and Jamie Dimon,
00:26who argue that quarterly guidance encourages short-term thinking. While current SEC rules
00:32require quarterly reports, changing the policy would require action from either the SEC or Congress.
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