Donald Trump seen picking Howard Lutnick for Commerce chief, Punchbowl reports

U.S. President-elect Donald Trump is expected to pick Wall Street firm Cantor Fitzgerald CEO Howard Lutnick to serve as Commerce secretary, a Punchbowl reporter said in a post on X on Tuesday, without citing any sources.

With Lutnick, Trump is tapping a long-time friend who backs the Republican's vision to bring manufacturing jobs back to the U.S. and promote the adoption of cryptocurrency.

As co-chair of Trump's transition team, Lutnick had been seen for weeks as a possible candidate for a position in the Trump administration.


The Trump transition team did not immediately respond to a request for comment.

A native of New York City's Long Island suburbs with a background in trading and real estate, Lutnick has been one of Trump's top Wall Street advocates, hosting fundraisers and touting his policies in the media.