An end to quarterly earnings reports?

President Donald Trump wants to end the practice of quarterly financial results, arguing that the short-term focus on profits hurts the economy. Trump said on his Truth Social platform yesterday that companies should report every six months instead, adding that,“This will save money and allow managers to focus on properly running their companies. Did you ever hear the statement that ‘China has a 50- to 100-year view on management of a company?’” Any such change would be subject to SEC approval. The number of firms listed on the U.S. Stock Exchange has decreased 27% over the past 40 years, among the largest drops across the globe.