Trump taps Howard Lutnick for Commerce Secretary role

Trump taps Howard Lutnick for Commerce Secretary role | Peter Doocy has the latest on the president-elect's administration.

NEW: Donald Trump is expected to pick Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary, according to Punchbowl. Here is Lutnick blowing the minds of CNBC hosts as he explained how Trump will use tariffs as a negotiation tactic.

Lutnick lost 658 employees in the 9/11 attacks in 2001, including friends and family members.

His son’s first day of kindergarten is what saved his life.

Lutnick managed to save his financial trading firm which still thrives to this day.

As a debt of gratitude, Lutnick decided to take care of the families who lost loved ones at his firm, offering them 25% of the company’s profits along with health care for 10 years.

Lutnick has distributed $180 million to the families of the victims.