Trump says the US should do away with quarterly earnings reports

[W_Heisenberg]

Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period.

apnews.com

This sounds like a really stupid idea.

Everything Trump does is designed to **** over regular people.

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

--

A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company’s health and prospects.

Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.

“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.

--

"LOL MAGA. Your stupid lib SEC with your stupid rules to prevent people from getting screwed over. LOL MAGA"

"SEC AND QUARTERLY REPORTS IS DEEP STATE LIB STUFF LOL MAGA"

"DID YOUR BUY YOUR $DJT YET LOL MAGA STUPID LIB"

 

[ncguy]

is six months really more "long term" than 3 months? trump referenced china planning for 50 or 100 years, if that's the planning horizon, then 3 vs 6 months is irrelevant

 

[Luce]

is six months really more "long term" than 3 months? trump referenced china planning for 50 or 100 years, if that's the planning horizon, then 3 vs 6 months is irrelevant

It's not if you're investing.

 

[Callen]

He just doesn't want the data coming out on a regular basis.

 

[Bonnot]

things gonna be that bad eh?

 

[Luce]

things gonna be that bad eh?

That was the first thought that came to my mind.

 

[Visbek]

This sounds like a really stupid idea.

Meh... It's not his worst idea. Europe apparently is on a 6-month schedule.

Executing this change would also require tons of work, as in enough that he might not get it done before he leaves office. Especially since the Executive Branch is now basically a Clown Show.

I.e. he's doing a LOT more damage with other efforts that weaken financial regulations.

That said, the idea that this takes up sooooo much work is ludicrous. I'm pretty sure 90% of the data collection is either automated, or can be automated.

 

[Fearandloathing]

Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period.

apnews.com

This sounds like a really stupid idea.

Everything Trump does is designed to **** over regular people.

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

--

A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company’s health and prospects.

Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.

“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.

--

"LOL MAGA. Your stupid lib SEC with your stupid rules to prevent people from getting screwed over. LOL MAGA"

"SEC AND QUARTERLY REPORTS IS DEEP STATE LIB STUFF LOL MAGA"

"DID YOUR BUY YOUR $DJT YET LOL MAGA STUPID LIB"

In all things Trump, assume a hidden agenda.

The liar doesn't want any reports as they are an independent monitor of the US economy. If stocks are falling over the long term, that's one message, sudden drops and bounce backs are another and both could likely spell trouble on the horizon.

1939 SHOULD have given Americans a message. It appears some very stupid, greedy people have forgotten that lesson.

 

[Gaius46]

FWIW I believe the EU requires semiannual reports and the sky hasn't fallen.

 

[Allan]

Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period.

apnews.com

This sounds like a really stupid idea.

Everything Trump does is designed to **** over regular people.

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

--

A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company’s health and prospects.

Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.

“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.

--

"LOL MAGA. Your stupid lib SEC with your stupid rules to prevent people from getting screwed over. LOL MAGA"

"SEC AND QUARTERLY REPORTS IS DEEP STATE LIB STUFF LOL MAGA"

"DID YOUR BUY YOUR $DJT YET LOL MAGA STUPID LIB"

This is nuts. Why?

Dividends are paid quarterly and at the same time I want to know how the company I invested in is doing.

 

[Loulit01]

Trump never took his company public. He hates being accountable to anyone. He doesn't think his finances should be open for inspection. When he was finally forced to disclose records, he wound up with 34 felony convictions. His long time personal lawyer ,Michael Cohen, went to jail. Bannon, jail for fraud. Paul Manafort, there's a winner, he's one of my favorites:

All of Trump’s associates who have gone to prison

Peter Navarro is just the latest in a growing list of the former president’s cronies to end up behind bars

www.independent.co.uk

ndicted in October 2017 on multiple charges related to the concealment of millions of dollars he had made from lobbying for pro-Russian politicians, including the former Ukrainian president Viktor Yanukovych in 2014. Additional charges of obstruction of justice and witness tampering were added in June 2018, which were alleged to have occurred while he was under house arrest.

In August that year, Manafort went on trial in Virginia and was ultimately convicted of eight charges of tax and bank fraud. Another trial in Washington DC saw him plead guilty to two charges of conspiracy to defraud the US and witness tampering in a plea deal with prosecutors, only for that to be ruled void when special counsel Mueller reported that he had repeatedly lied to his federal agents.

In March 2019, Manafort was sentenced to 47 months in prison, with a further 43 months tacked on six days later.
A bipartisan Senate committee subsequently branded him a “grave counterintelligence threat” and a potential channel for covert Russian influence. He was pardoned by Mr Trump in the dying days of his presidency – along with the likes of Michael Flynn, Roger Stone, Steve Bannon and Elliott Broidy – and is now being linked with a return to the fold in 2024.
-------------------------------------------------------------------------------------------------------------------

This is a hostile takeover of the United States by people working against its best interests.

 

[TangoNoCash]

Let’s stop counting GDP and deficits too.

 

[W_Heisenberg]

FWIW I believe the EU requires semiannual reports and the sky hasn't fallen.

We have the best markets in the world, and part of the reason for that is the SEC and the Rule of Law, and sensible regulations.

Quarterly reports are the perfect period of time for investors.

And Trump supporters just seem bound and determined to piss it all away. It just doesn't make any sense.

 

[Lursa]

Scammers gotta hide, need room to breathe and plot.

Sometimes 2 weeks isnt enough time to try and baffle 'em with bullshit.

 

[Michael Cole]

Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period.

apnews.com

This sounds like a really stupid idea.

Everything Trump does is designed to **** over regular people.

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Wut? Companies aggregate performance data into a report on a monthly basis. Some of us were painfully exposed to these reports, month after month, year after year. Sleeping during a monthly plant meeting was unavoidable.

Does Trump think companies can be properly run without real time data? Without frequent reports on this data?

Companies don't analyze data in January, and then wait until July to assess performance. The extra cost of filing known data, twice more per year, is insignificant.

Trump is an idiot.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

--

A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company’s health and prospects.

Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.

“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.

--

"LOL MAGA. Your stupid lib SEC with your stupid rules to prevent people from getting screwed over. LOL MAGA"

"SEC AND QUARTERLY REPORTS IS DEEP STATE LIB STUFF LOL MAGA"

"DID YOUR BUY YOUR $DJT YET LOL MAGA STUPID LIB"

 

[RaleBulgarian]

Trump says the US should do away with quarterly earnings reports

President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period.

apnews.com

This sounds like a really stupid idea.

Everything Trump does is designed to **** over regular people.

President Donald Trump wants to do away with the quarterly earnings report.

In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The Securities and Exchange Commission has required publicly traded companies to report on a quarterly basis since 1970.

“This will save money, and allow managers to focus on properly running their companies,” Trump wrote.

Trump asked the SEC to examine the three- versus six-month reporting requirement during his first term. No change was made.

Supporters of the change say quarterly reporting is too costly and time-consuming and discourages companies from wanting to go public. They also say company executives focus too much on hitting quarterly earnings targets and not enough on long-term planning.

--

A report in 2024 from David S. Koo, an assistant professor of accounting at the Donald G. Costello College of Business at George Mason University, said that more frequent reporting often provides more context and perspective for investors who need to gauge a company’s health and prospects.

Koo also said that was the original rationale for the SEC’s policy shift in 1970 that required companies to disclose their financial results on a quarterly basis, rather than on a semi-annual basis. It stemmed from a booming post-World War II economy that then ran into a recession. Companies that were thriving during that expansion were then able to hide their shrinking profits during the downturn, which hurt investors.

“The purpose of quarterly reporting was to reduce that information asymmetry,” Koo said.

--

"LOL MAGA. Your stupid lib SEC with your stupid rules to prevent people from getting screwed over. LOL MAGA"

"SEC AND QUARTERLY REPORTS IS DEEP STATE LIB STUFF LOL MAGA"

"DID YOUR BUY YOUR $DJT YET LOL MAGA STUPID LIB"

Traitor Trump trying to hide bad news reflecting on him.

Fat piece of shit.

 

[Luce]

This is nuts. Why?

Dividends are paid quarterly and at the same time I want to know how the company I invested in is doing.

Yes, but for some reason it is important to Trump that you not have that information for a while.

 

[gdgyva]

I have been investing for over 40 years
And have read more quarterly and annual reports than most people

Been thinking about this most of the day....and still not sure which way i lean
I like getting the quarterlies....and figuring out of there is any meaningful change since the last quarter....but what has happened over the last 10-15 years is that the Csuite does everything they can to "hit their number"...moving sales, moving expenses, etc

Do we need the GAAP numbers quarterly? Or do we just need to know any major news from the Csuite on projects, new investments, etc

Europe does their reports on a semi annual basis....i have no issue with those, and own a few equities over there in ADR's....not sure why we cant do basically the same

 

[Gaius46]

We have the best markets in the world, and part of the reason for that is the SEC and the Rule of Law, and sensible regulations.

Quarterly reports are the perfect period of time for investors.

And Trump supporters just seem bound and determined to piss it all away. It just doesn't make any sense.

Why are quarterlies perfect? Investors who care to look have access to all kinds of data they didn't have 50 years ago when the quarterly reg was put in place.

Trump does more stupid things in a month that most presidents do during their entire term.

This honestly feels like small potatos.

My IRA is about 15% invested in foriegn equities and semi annual reporting has not hurt the ability of the people who manage it to get me a good return.

 

[W_Heisenberg]

Why are quarterlies perfect? Investors who care to look have access to all kinds of data they didn't have 50 years ago when the quarterly reg was put in place.

If you want to know how well a specific company is doing a quarterly report is helpful, don’t you think?

Trump does more stupid things in a month that most presidents do during their entire term.

This honestly feels like small potatos.

My IRA is about 15% invested in foriegn equities and semi annual reporting has not hurt the ability of the people who manage it to get me a good return.

All the stupid stuff Trump does has a cumulative negative effect. From the BLS manipulation he intends to do, to this stupid stuff, to his tariffs, taking stakes in private company, his slow degradation of the rule of law, all of it is having a negative effect on the worlds greatest economy and stock market.

Congrats on your foreign holdings, might I ask how they compare historically to your U.S. holdings?

I’m just shocked GOP hates capitalism now.

 

[dmpi]

Trump is right that generating these reports takes a lot of efforts and makes a lot of money for accounting companies. I say remove the quarterly requirement and institute a bi-annual requirement. Companies that still want to report quarterly still can.

 

[CaughtInThe]

God, the dumbasses can't even figure out that Trump is a horrible business person.

 

[Michael Cole]

Why are quarterlies perfect?

They're not. Monthlies would be more perfect. There's no reason to lift the requirement, which is my position. It's not broken. Leave it alone.

Investors who care to look have access to all kinds of data they didn't have 50 years ago when the quarterly reg was put in place.

Trump does more stupid things in a month that most presidents do during their entire term.

This honestly feels like small potatos.

My IRA is about 15% invested in foriegn equities and semi annual reporting has not hurt the ability of the people who manage it to get me a good return.

It is small potatoes which begs the question as to its purpose. What is the objective if not to provide less timely reports?

Yes, firms adjust to whatever regulations are thrown at them. That capital can be successfully managed with biannual reporting does not preclude quarterly reporting from being superior.

Lots of things can happen internally that are confidential to investors. How a company looks six months later may have been evident at the halfway mark. Events can effect a company's performance in a month that aren't seen before a quarterly report. Timeliness is key.

A stable business in a stable economy probably won't have much variation, but fewer reporting periods bring greater speculation. It's unnecessary.

 

[Queen Margo]

God, the dumbasses can't even figure out that Trump is a horrible business person.

Could you post your annual income report so that we can compare it to Trumps to see who wins?

 

[CaughtInThe]

Could you post your annual income report so that we can compare it to Trumps to see who wins?

Which, of course, is not the issue. But I will compare mine to yours.

Now, I could start being a con man or start selling hate tomorrow and take tons of money from you guys. I could even steal classified documents and make a killing.

Now, the real issue is Trump is trying to hide stuff so that people won't see that he's ruining the economy while enriching himself. And the dumbasses can't figure that out.