Trump to nominate Lutnick as Commerce secretary, reports

President-elect Donald Trump is reportedly expected to nominate Cantor Fitzgerald CEO Howard Lutnick as Commerce secretary, according to several news reports Tuesday morning.

Lutnick, co-chair of the Trump transition team, has been vying for the post of Treasury secretary against hedge fund manager Scott Bessent.

Lutnick to Commerce is being reported by CNN and The Wall Street Journal.