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 [Fortune]
BGC Group, Inc. - Class A (BGC)
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Source: Fortune
resilience after the 9/11 attacks devastated his company—as his pick for Secretary of Commerce. In the new role, Lutnick, who has co-chaired Trump's transition team, will lead the incoming administration's direction on tariffs and trade and maintain direct responsibility over the Office of United States Trade Representative, Trump announced in a post on Truth Social on Tuesday. Lutnick, a longtime New York power player, became President and CEO of Cantor Fitzgerald, a Wall Street investment banking and financial services firm, in the early 1990s at just 29 years old. Throughout Trump's 2024 campaign, Lutnick—who has donated over $1 million to Trump's super PAC and hosted a $15 million fundraiser at his Hamptons house this summer—has become a top economic adviser. Lutnick was one of the primary voices in Trump's camp advocating for higher tariffs, in a bid to slash corporate taxes stateside and insulate U.S.-based business from competition overseas. For months, many suspected
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BGC
Earnings
- 10/31/24 - Beat
BGC
Sec Filings
- 12/6/24 - Form 8-K
- 11/21/24 - Form SC
- 11/21/24 - Form 8-K
- BGC's page on the SEC website