Securities and Exchange Commission (SEC)

Trump's CEO-friendly tweet

Illustration: Lazaro Gamio/Axios

President Trump today proposed a major change to corporate transparency, in a tweet calling for the Securities and Exchange Commission to change quarterly reporting for publicly-traded corporations.

The bottom line: This was just a request to study the idea, but it gives Trump another talking point in addition to deregulation and the tax cuts when he hears CEO concerns over social issues and immigration.

Pepsi CEO explains what she told Trump about financial reporting

Pepsi CEO Indra Nooyi. Photo by World Economic Forum/Urs Jaudas/Getty Images.

President Trump tweeted today that he wants securities regulators to study the idea of having public companies report earnings twice per year instead of quarterly as a way to promote job growth. Later, he noted that the idea came from outgoing Pepsi chairman and CEO Indra Nooyi.

The bottom line: Nooyi did make the suggestion, according to a statement provided to Axios, but there was a bit more to it than what Trump tweeted.