Trump plans to nominate Howard Lutnick for Commerce Secretary

Donald Trump is expected to nominate Howard Lutnick as Commerce Secretary, according to reports from the Wall Street Journal and CNN. Lutnick, a billionaire finance executive, was previously considered for the Treasury Secretary role. Lutnick has been involved with Trump's transition team and has a long-standing relationship with the president-elect. He is the chairman and CEO of Cantor Fitzgerald, a financial firm he led through the aftermath of the September 11 attacks. The Commerce Secretary position is significant for the Trump administration, especially as economic issues were central to Trump's election victory.