New cabinet appointments announced by Trump

Squawk Box Europe Express

President-elect Donald Trump appoints Cantor Fitzgerald’s Howard Lutnick to run the Commerce Department. Former WWE wrestling mogul and Small Business Administration leader during Trump’s first term Linda McMahon is given the Education Secretary brief. Apollo CEO Marc Rowan is reportedly is favourite to head up the Treasury. U.S. tech stocks soar helped on by chip giant Nvidia coming close to 5 per cent ahead of the U.S. earnings report. Qualcomm announces it is positive on Trump and forecasts $4bn in PC chip sales in the following five years. Ukraine fires six U.S.-made ATACMS deep into Russia after President Biden allowed their use earlier this week. Russian President Vladimir Putin amends his own decree on using nuclear arms.

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