According to market sources, PUNCHBOWL has revealed that Trump is expected to nominate Lutnick as Secretary of Commerce. Previously, it was reported that Howard Lutnick was a major fundraiser for Trump and co-chair of the Trump transition team. Now that Trump is about to take office in January next year, Howard Lutnick is working hard to obtain a key seat in his cabinet. It is reported that he is one of Trump's nominees for Secretary of the Treasury. Polymarket forecasts that the market believes that he has a 26% chance of being nominated.