Druckenmiller Says Semi-Annual Reporting Would Be ‘Challenging’

Trump tweeted earlier Friday that he’s asked the U.S. Securities and Exchange Commission to study ending quarterly reporting for publicly traded companies to ease regulations and spur growth. Citing conversations with business leaders — later clarified as PepsiCo Inc. Chief Executive Officer Indra Nooyi — Trump said semi-annual reporting could allow for greater flexibility and cost savings.

Druckenmiller, who helped engineer George Soros’s $10 billion trade shorting the British pound in 1992, said he doesn’t see a correlation between quarterly reporting and short-term thinking. In an earlier interview with CNN’s Cristina Alesci, Druckenmiller suggested Trump lead by example “and tweet every six months.”