What to know about billionaire Howard Lutnick, Trump’s pick for commerce secretary

Lutnick, head of investment bank Cantor Fitzgerald, is also part of Trump’s inner circle.

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary.

The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather....