Trump expected to appoint Howard Lutnick as Commerce Secretary

President-elect Donald Trump is expected to appoint Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. This follows Lutnick's role as co-chair of Trump's transition team and his support for Trump's policies on manufacturing and cryptocurrency. Lutnick has been a prominent figure in Wall Street, advocating for Trump's vision and hosting fundraising events. His appointment marks a shift towards a focus on financial expertise within the incoming administration. The Trump transition team has not yet commented on the appointment. Lutnick's background includes trading and real estate, and he hails from Long Island, New York.