Wall Street veteran Howard Lutnick has been one of Donald Trump’s biggest supporters in recent months. Lutnick, 63, is a prominent figure with extensive connections on Wall Street and in real estate. In August, he became co-chair of Trump’s transition team for the second four-year term, utilizing his network to build a roster of candidates for the next administration.
Lutnick has been vocal about Trump’s policies, stating that they will be crucial in ensuring American businesses remain successful and maintaining the country’s global strength. He has also expressed support for cryptocurrencies, advocating for their benefits and promising to buy more bitcoin when its price dips.
As secretary of commerce, Lutnick is expected to bring his expertise in finance and real estate to the role. However, it remains to be seen how his past political leanings will influence his decisions. Lutnick has previously donated to both Democrats and Republicans, including contributions to Hillary Clinton’s and Jeb Bush’s campaigns.
Lutnick’s background is deeply rooted in tragedy, having lost his mother and father at a young age. He credits Trump with offering support after the 9/11 attacks, which had a devastating impact on him and his family. Since then, Lutnick has become known for his charity efforts through the Cantor Fitzgerald Relief Fund.
Lutnick’s appointment as commerce secretary is closely watched by Wall Street, with many expecting him to bring a unique perspective to the role.
Source: https://www.reuters.com/world/us/prominent-wall-street-boss-lutnick-has-been-one-trumps-biggest-cheerleaders-2024-11-19