President-elect Trump is expected to pick Cantor Fitzgerald CEO Howard Lutnick, who is serving as his transition co-chair, to serve as his secretary of commerce.
WASHINGTON — President-elect Donald Trump says he will nominate a key transition adviser and billionaire financial services executive, Howard Lutnick, to lead the Commerce Department, according to two sources familiar with the process. 'He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,' Trump said in a statement announcing the pick.
He suffered immense personal tragedy at a young age, losing his mother while still a student in high school and then his father during his first week at college. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York City’s World Trade Center towers Sept. 11, 2001, the firm's headquarters. Hundreds of Cantor Fitzgerald employees, including Lutnick's brother, were killed.
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