Trump expected to nominate Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary

President-elect Donald Trump is expected to nominate Howard Lutnick, CEO of Cantor Fitzgerald, as Commerce Secretary. This follows Lutnick's role as co-chair of Trump's transition team. He reportedly outperformed other candidates for the position. Lutnick, 63, has been with Cantor Fitzgerald since 1983 and is known for his support of cryptocurrencies. He has a personal connection to the September 11 attacks, having lost many employees, including his brother. Lutnick's total compensation for the fiscal year ending in 2023 was over $17 million. He is married with four children.