{"id":127832,"date":"2024-11-20T00:53:18","date_gmt":"2024-11-19T17:53:18","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127832"},"modified":"2024-11-20T00:53:18","modified_gmt":"2024-11-19T17:53:18","slug":"howard-lutnick-trump-expected-to-nominate-cantor-fitzgerald-ceo-for-commerce-secretary","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127832","title":{"rendered":"Howard Lutnick: Trump expected to nominate Cantor Fitzgerald CEO for Commerce secretary"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-editable=\"content\" itemprop=\"articleBody\" data-reorderable=\"content\">\n<p>\n    <cite class=\"source__cite\"><br \/>\n      <span class=\"source__location\" data-editable=\"location\"\/><br \/>\n      <span class=\"source__text\" data-editable=\"source\">CNN<\/span><br \/>\n        \u00a0\u2014\u00a0<br \/>\n    <\/cite>\n<\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omm7aw000m2dni7vsz7nxj@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/www.cnn.com\/politics\/president-donald-trump-45\">President-elect Donald Trump<\/a> is expected to nominate Cantor Fitzgerald CEO Howard Lutnick as secretary of commerce, two sources familiar with the process told CNN.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3ommrd000063b6miwdpstd8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Lutnick, who has served as the co-chair of Trump\u2019s presidential transition team since August, had been in a battle with hedge fund manager Scott Bessent over the role of Treasury secretary after throwing his own name into the mix.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3onhy1u00173b6mgx3agjn3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            In being tapped for Commerce, Lutnick edged out Robert Lighthizer, the US trade representative during Trump\u2019s first term, and <a href=\"https:\/\/www.cnn.com\/2019\/03\/29\/politics\/linda-mcmahon-small-business-administration\/index.html\">Linda McMahon<\/a>, an administrator of the Small Business Administration from 2017 to 2019, for the role. Both were informed in the last day or so that Lutnick was getting the job.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omsrbo000o3b6mygt3hp6z@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The move surprised several in Trump\u2019s orbit, given McMahon had been the clear front-runner for the role. Then, last week, Lighthizer appeared closer to getting it. And then, amid the battle for the Treasury, Trump decided to go with his transition co-chair.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3onhpsp00153b6mwr3ppt4t@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            For the last several months, Lutnick and McMahon have co-chaired the transition together, with Lutnick handling personnel matters, such as vetting and advising Trump on Cabinet nominees, and McMahon running the policy side. McMahon had become frustrated that Trump hadn\u2019t named her to the Commerce role last week, when it became clear he was considering Lighthizer and thinking of an ambassador position for her instead. Then, she was abruptly informed that her transition co-chair was actually being awarded the Commerce job.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3oo6aio00003b6mn7d4p3yl@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The Commerce secretary is tasked with supporting US businesses and often acts as an emissary between other nations to negotiate trade deals and increase foreign investment. There are 13 bureaus housed under the Commerce Department, including the Census Bureau, the National Oceanic and Atmospheric Administration, and the Patent and Trademark Office.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3opkg3m00073b6mqxriv033@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <a href=\"https:\/\/www.cnn.com\/2024\/11\/07\/politics\/donald-trump-government-what-matters\/index.html\">Project 2025<\/a> \u2014 the controversial blueprint for a newly reimagined federal government that Trump tried to distance himself from during the campaign despite <a href=\"https:\/\/www.cnn.com\/2024\/07\/11\/politics\/trump-allies-project-2025\/index.html\">numerous ties to its authors<\/a> \u2014 called for NOAA to be \u201cbroken up and downsized\u201d and said the agency was part of the \u201cclimate change alarm industry.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3oo93yy00043b6mwimu0yhh@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The Commerce secretary often works hand-in-hand with other members of the president\u2019s Cabinet tasked with carrying out and advising on economic policy. During Trump\u2019s first term, then-Commerce Secretary Wilbur Ross was heavily involved in the heated trade war with China and was a key advocate for levying higher tariffs on the nation.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omst96000q3b6m2p3t389c@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            At Trump\u2019s Madison Square Garden campaign rally last month, Lutnick said the US was most prosperous during the early 1900s, when there was \u201cno income tax and all we had was tariffs.\u201d\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omst96000r3b6myi3fifrl@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cWe had so much money that we had the greatest businessmen of America get together to try to figure out how to spend it,\u201d said Lutnick, 63, who has been advocating for higher tariffs. As a candidate, Trump <a href=\"https:\/\/www.cnn.com\/2024\/11\/08\/politics\/tariffs-donald-trump-strategy\/index.html\">pledged<\/a> to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omst96000s3b6mxoy6twhm@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Lutnick came under fire for <a href=\"https:\/\/www.cnn.com\/2024\/10\/31\/politics\/howard-lutnick-robert-f-kennedy-jr-vaccines-cnntv\/index.html\">recent comments he made<\/a> to CNN on \u201cThe Source,\u201d in which he defended Robert F. Kennedy Jr.\u2019s unproven view that vaccines are contributing to higher rates of autism in children. Trump <a href=\"https:\/\/www.cnn.com\/2024\/11\/14\/politics\/robert-f-kennedy-donald-trump-hhs\/index.html\">announced<\/a> Kennedy as his pick to serve as Health and Human Services secretary last week.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omst96000t3b6mc9gtucw1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            After the September 11, 2001, terrorist attack on the World Trade Center, Lutnick started a relief fund for families who lost loved ones. Cantor\u2019s headquarters occupied some of the highest floors of the North Tower, and on the day of the attack, the company lost several hundred employees, including Lutnick\u2019s brother.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omst96000u3b6mxe7j6gnu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Lutnick sits on the board of the National September 11 Memorial and Museum.\n    <\/p>\n<p class=\"paragraph inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3omm9co00003b6mzzr1n8vp@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            <em>This story has been updated with additional developments.<\/em>\n    <\/p>\n<p class=\"paragraph paragraph_contributors inline-placeholder vossi-paragraph_contributors\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cm3opst3g000d3b6md0fe0ga8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            CNN\u2019s Ella Nilsen contributed to this report.\n    <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnn.com\/2024\/11\/19\/politics\/howard-lutnick-commerce-secretary\/index.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNN \u00a0\u2014\u00a0 President-elect Donald Trump is expected to nominate Cantor Fitzgerald CEO Howard Lutnick as secretary of commerce, two sources familiar with the process told CNN. Lutnick, who has served &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127832\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-127832","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127832"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127832\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}