President-elect Donald Trump will tap Haverford College megadonor and Wall Street financial executive Howard Lutnick to serve as secretary of the U.S. Department of Commerce, multiple news outlets reported Tuesday.

Donald Trump tapped Wall Street boss Howard Lutnick for commerce secretary. Inside Lutnick's career and who could take over at Cantor Fitzgerald.

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,