President Donald Trump renewed calls on Monday to move away from quarterly corporate reporting requirements.

Echoing an idea from his first term (see below), Trump again proposed a six-month schedule that, he says, would reduce costs and allow U.S. executives to prioritize long-term growth. 

Trump's proposal comes about a week after the Wall Street Journal reported that the Long-Term Stock Exchange plans to petition the U.S. Securities and Exchange Commission to give companies the option to share results twice a year.

The shift would mark a significant change in U.S. corporate operations and align reporting rules more closely with public companies in Europe, where semi-annual reports are standard. Some Asian markets also follow six-month reporting cycles.

In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S. "Stop quarterly reporting & go to a six month system," said one. That ...