Every three months, thousands of public companies big and small report their earnings and give investors an update about how they are doing.

Executives hate the practice: They say it's expensive and laborious to compile the information — and leads companies to chase short-term wins rather than what's good for their organization over the long run.

Now President Trump is taking up their cause. In a social media post, he called for companies to report their earnings every six months, which he says would benefit the country.

"This will save money, and allow managers to focus on properly running their companies," Trump said in his social media post . "Did you ever hear the statement that, "China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarter

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