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The Latest Breaking News from Howard Lutnick

The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?

Trump's picks fit into three groups: the fortifiers (the good), the detractors (the bad), and the mercurial influencers who might do good or harm.

Fortune

Trump’s picks to reward top donors who helped him win, watchdogs say

President-elect taps allies to roll back rules and cut taxes in ‘nakedly transactional’ ploy critics call ‘unprecedented’

The Guardian - US

Two-thirds of Americans think Trump tariffs will lead to higher prices, poll says

Exclusive: a Harris poll raises questions about the popularity of one of Trump’s key economic policy platforms

The Guardian - US

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Trump Vows Big Tariffs On Mexico, Canada And China

US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China in response to illegal drug trade and immigration.

International Business Times

Trump To Face Less Internal Pushback In New Term: Ex-commerce Chief

Donald Trump's staff choices will ensure he faces less internal pushback on his aggressive economic policies, such as tariff hikes, than during his first term, former commerce secretary Wilbur Ross told AFP Monday.

International Business Times

Ireland prices corporation tax loss from Trump policies at €10bn

Figure costed for three multinationals repatriating to US after nomination for commerce secretary hits out at Ireland’s tax regime

The Guardian - UK

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

Fortune

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Drug Cartels Use Tether And Bitcoin To Launder Millions, Court Documents Reveal

Unsealed court documents highlight how drug cartels from Mexico and Colombia are leveraging cryptocurrency, particularly Tether (CRYPTO: USDT) and

Benzinga

Scott Bessent A Credible, Safe Pick For Treasury: Experts

Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's highly anticipated nomination.

International Business Times

Trump Unveils Series of New Appointments: Scott Bessent as Treasury Secretary, Russ Vought For Budget Office

He unveiled new nominees for key positions, including secretaries for HUD, Treasury, and Labor, along with the CDC director and Surgeon General.

International Business Times

Scott Bessent: billionaire hedge-fund manager who is ‘all in’ for Trump

The 62-year-old treasury nominee has spent his career in finance, and made a big bet on Trump winning the election

The Guardian - US

Trump taps hedge fund boss for Treasury

The hedge fund manager-turned-loyal MAGA fundraiser was given a nom for the powerful Cabinet position

Salon

Trump’s picks of loyalists for financial posts ensures his economic agenda is unimpeded

Howard Lutnick and Scott Bessent, commerce and treasury nominees respectively, are sure to ignore economist’s warnings and follow Trump’s lead

The Guardian - US

Hedge funder Bessent gets Trump blessing for Treasury - Roll Call

President-elect Donald Trump said Friday he would nominate hedge fund manager Scott Bessent to be Treasury secretary in his second term.

Roll Call

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Fortune

Trump is thinking about former Fed governor Kevin Warsh to be his Treasury secretary—and to replace Jerome Powell

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

International Business Times

Trump Reportedly Considering First-Ever White House Role For Crypto Policy

Donald Trump is reportedly considering creating the first-of-its-kind position in the White House that will focus on crypto policy, and crypto users already have candidates in mind, including very familiar names.

International Business Times

Asian Markets Mixed As Nvidia Falls Short Of Hopes, Eyes On Trump

Asian markets were mixed Thursday as another blockbuster earnings from chip titan Nvidia smashed forecasts but still left investors disappointed, while sentiment was also being swayed by geopolitical concerns.

The Independent UK

Inside Trump and Musk’s controversial bromance: ‘They are having a blast’

World’s richest man calls president-elect ‘a great guy with an excellent sense of humor’

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The Independent UK

Trump’s cabinet is filling up with Project 2025 authors despite him saying he has ‘no idea’ what it is

Trump said he didn’t know who’s behind the blueprint for his return. He just hired the authors for key roles

The Independent UK

Which Trump Cabinet picks will actually get confirmed — and who will work across the aisle?

From Fox News alumni to a retired professional wrestling performer, these are the most and least likely of Trump’s picks to survive the confirmation process

Fortune

Trump’s commerce secretary pick Howard Lutnick: A Wall Street titan who lost his brother—and nearly 70% of his employees—in the 9/11 attacks

Some call Howard Lutnick the “most hated man on Wall Street.” Others applaud his business acumen and consistent charity efforts after the World Trade Center devastation.

Reason

Abolish the Commerce Department

Donald Trump has tabbed Howard Lutnick to be the next secretary of the Department of Commerce. He should also be the last.

Salon

What Trump's revenge agenda is hiding

Look past the flashy and controversial Cabinet nominees to find that Project 2025 is already being implemented

International Business Times

Trump Taps Wrestling Executive To Run Education Department

Donald Trump announced Linda McMahon, the co-founder of World Wrestling Entertainment (WWE), as his pick to be education secretary.

The Guardian - UK

First Thing: US embassy in Kyiv closes over threat of ‘significant attack’

It comes as the Kremlin rules out a ‘freeze’ in the conflict. Plus, 204 industrial farming lobbyists attend Cop29

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