Trump's Commerce and Treasury Picks: Wall Street Titans in Focus

Howard Lutnick, CEO of Cantor Fitzgerald, has been named by President-elect Donald Trump as his pick for Secretary of Commerce. Lutnick, a prominent Wall Street figure, is known for his leadership during the 9/11 attacks, which claimed the lives of 658 employees, including his brother. As Commerce Secretary, Lutnick will lead the administration's trade and tariff strategy, advocating for higher tariffs to protect U.S. businesses. His close ties to Trump and potential conflicts of interest, such as his company's involvement with Tether, have raised concerns.