Group 1 - President Trump plans to announce a new Federal Reserve governor and Bureau of Labor Statistics commissioner soon [1] - Trump proposes that US companies should report earnings every six months instead of quarterly, claiming it would save costs and allow management to focus on operations [2] - The idea of changing earnings reporting frequency has been debated, with notable executives criticizing the current process for promoting short-term thinking among investors [3][4] Group 2 - High-profile executives have not suggested reducing the number of earnings reports but have raised concerns about the impact of forecasting on stock volatility [4] - Adjusting earnings reporting could lead to transparency issues, particularly affecting retail investors who lack access to extensive data resources [5] - Earnings reports generate significant trading activity, benefiting banks, broker-dealers, and exchanges through trading fees, indicating that the current system has strong financial incentives for market participants [6][7]