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<ul class="summary-list"><li>Last week, Trump was said to be deciding between two leading candidates for Treasury Secretary.</li><li>Reports say Trump has been having second thoughts and is expanding his search to four major prospects.</li></ul>Two weeks after securing his return to the White House, president-elect Donald Trump has swiftly been forming his Cabinet for 2025.Trump already announced six of the people he wants to lead the <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11#marco-rubio-4">15 executive departments</a>, including Robert F. Kennedy Jr. for the Department of Health and Human Services and Florida Sen. Marco Rubio for the State Department.He appears to be taking a slower pace as he chooses his nominated successor to Janet Yellen, the current Secretary of the Treasury.The new Treasury Secretary will likely have two immediate tasks: Helping the US avoid default when the national debt ceiling expires in January 2025 and <a target="_blank" class="" href="https://www.businessinsider.com/tax-cut-tariff-plan-outlook-presidential-election-scenarios-harris-trump-2024-10">extending the 2017 Trump tax cut</a>, which is worth trillions and is mostly set to expire next year.The president-elect was initially said to be considering just two candidates, but <a target="_blank" class="" href="https://www.wsj.com/politics/elections/trump-broadens-hunt-for-top-treasury-job-after-jostling-became-messy-e20eb6b6">The Wall Street Journal</a> and <a target="_blank" class="" href="https://www.nytimes.com/2024/11/17/us/politics/trump-treasury-candidates.html">New York Times </a>reported that he's been having second thoughts and expanded the list to four prospects.With Trump seemingly still unsure over his choice, it's also possible that another candidate may emerge.Here are the top picks Trump is reportedly now considering for Secretary of the Treasury. A press contact for Trump's transition team did not respond to a request for comment from BI.<h2 id="ac3f4426-a376-4840-ad0c-600691195aaa">Kevin Warsh</h2><div type="image" title="Kevin Warsh is dressed formally and sits as speaks at a panel with three other people." height="2558" width="3837" msid="115408301" hostid="261" sizebytes="1354142"></div>Warsh, 54, is a former Morgan Stanley banker and one of the newer contenders.He was an economic advisor to President George W. Bush from 2002 to 2006 and a governor of the Federal Reserve Board from 2006 to 2011. During the latter period, Warsh was a central figure in shaping the nation's response to the 2007-2008 financial crisis, working to rescue major ailing banks.More recently, he's been working on Trump's transition team, helping with economic policy and personnel, according to The Journal.Warsh appears to have been in the president-elect's good graces for several years. <a target="_blank" class="" href="https://www.axios.com/2019/02/03/trump-compliments-powerful-men-handsome">Axios reported</a> that Trump praised Warsh as a "really handsome guy" when the two met in 2017 at the White House.Trump had been <a target="_blank" class="" href="https://www.cnbc.com/2017/10/03/kevin-warsh-would-take-a-hammer-to-the-fed-but-he-wouldnt-break-it.html">floating Warsh</a> that year as a frontrunner for Fed chair. He eventually picked Jerome Powell for the role.Warsh is often seen as a financial hawk, <a target="_blank" class="" href="https://www.cnbc.com/video/2024/10/24/former-fed-governor-kevin-warsh-the-fed-doesnt-seem-to-have-a-serious-theory-of-inflation.html">saying in October</a> that he believed the Fed "doesn't seem to have a serious theory of inflation" and <a target="_blank" class="" href="https://www.wsj.com/articles/interest-rates-are-a-sideshow-in-the-fed-drama-economy-monetary-policy-central-bank-53bb6d9e">writing in July</a> that it moved too slowly to curb surging prices.In his July commentary, he blamed inflation on "irresponsible government spending and excessive money printing." Warsh has also been critical of America's burgeoning debt.<h2 id="73ed19fc-c4d6-4b1c-af49-0c08335e71cb">Marc Rowan</h2><div type="image" title="Marc Rowan speaks at a financial leaders' summit in Hong Kong." height="2100" width="3150" msid="115408297" hostid="261" sizebytes="210070"></div>Rowan, 62, is a billionaire investor who leads Apollo Global Management, which he cofounded in the 1990s. It now has nearly $700 billion in assets under management. Apollo recently announced that it plans to double its assets under management to $1.5 trillion by 2029.The Journal and the Times reported that Rowan, like Warsh, is one of Trump's new candidates.The Journal, citing people familiar with the matter, reported that while the billionaire's aides are in touch with Trump, Rowan isn't actively trying to secure the Treasury Secretary role and hasn't spoken to Trump personally about such a position.But the Times also wrote that Trump has been telling his staff that he's impressed with Rowan, who Bloomberg estimates to be <a target="_blank" class="" href="https://www.bloomberg.com/billionaires/profiles/marc-j-rowan/">worth $10.9 billion.</a> Rowan has said that US economic concerns must be fixed by what he called <a target="_blank" class="" href="https://finance.yahoo.com/news/apollo-ceo-marc-rowan-elon-musk-represents-wholesale-change-and-the-us-needs-it-155238301.html">"wholesale change,"</a> which he said Trump and his new administration would bring.That's broadly in line with how Trump has framed his Cabinet picks, as key movers who will upset the status quo and push fresh reform.Rowan has kept a relatively low profile on his views about government policy, though he recently voiced <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-02/apollo-ceo-rowan-warns-that-aggressive-rate-cuts-could-backfire">concerns</a> that the Fed could overstimulate the economy with interest rate cuts.<h2 id="e6cea6ab-a68b-4816-b297-f3f995f40039">Howard Lutnick</h2><div type="image" title="A man stands at a Trump/Vance podium" height="2769" width="4300" msid="115408282" hostid="261" sizebytes="238422"></div>Lutnick, 63, is the CEO of Cantor Fitzgerald, a Wall Street financial services firm.Lutnick has been serving as Trump's transition cochair with Linda McMahon, of WWE royalty. He's been a friend of the president-elect for decades, repeatedly holding fundraisers for Trump.In August, Lutnick hosted an <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-08-09/with-lutnick-s-help-trump-raises-15-million-at-hamptons-event">event at his home</a> in the Hamptons that raised $15 million for the Trump-Vance campaign.Lutnick has aligned himself closely with Trump's rhetoric. In late October, he expressed a vision for the US economy, describing America in the year 1900 to a crowd at Madison Square Garden, saying it was a time when the "economy was rocking.""We had no income tax, and all we had was tariffs," <a target="_blank" class="" href="https://www.youtube.com/watch?v=x1b4UZn1GAk&amp;ab_channel=HowardW.Lutnick">he said to a cheering stadium.</a> Lutnick has also said that under Trump, corporate taxes would be raised for US giants like Apple and Tesla. He said that Elon Musk, a Trump ally, welcomed such a move if it applied to all big players. <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-lutnick-treasury-secretary-bessent-2024-11">Musk has endorsed Lutnick</a> for Treasury Secretary.Lutnick is also known for steering Cantor Fitzgerald after the 9/11 attack, which killed 658 of its 960 employees at the World Trade Center.<h2 id="4b1b9607-5cdd-4853-b1e5-347ec1d4ffa3">Scott Bessent</h2><div type="image" title="A man in a red vest and blue sweater goes for a walk" height="2931" width="4396" msid="115408293" hostid="261" sizebytes="791788"></div>Bessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.His involvement emerged early last week when <a target="_blank" class="" href="https://www.reuters.com/world/us/bessent-paulson-lead-us-treasury-secretary-under-trump-sources-say-2024-11-08/">Reuters reported</a> that the founder of macro investment firm Key Square Capital Management had been meeting with Trump at the Mar-a-Lago resort.Bessent worked for the liberal philanthropist George Soros from 1991 to 2015, making a name for himself by betting big against the British pound, which collapsed in 1992, and then against the Japanese yen as it weakened in 2013.He left Soros' firm in 2015 to start Key Square, and <a target="_blank" class="" href="https://www.wsj.com/politics/elections/the-ex-soros-executive-who-is-trumps-new-obsession-4be2d493">The Journal</a> reported that he hasn't spoken to the billionaire in years.Bessent has been vocal in his support for Trump, telling <a target="_blank" class="" href="https://www.breitbart.com/politics/2024/08/18/exclusive-scott-bessent-kamala-harris-economic-illiterate-will-crash-economy/">Breitbart</a> in August that Vice President Kamala Harris would have crashed the economy if she was president.He wrote <a target="_blank" class="" href="https://www.wsj.com/opinion/markets-hail-trumps-economics-he-will-repair-biden-damage-pro-growth-investment-boost-f3954dbe?">an opinion column</a> just after the election, praising Trump for a stock market rally after his win and knocking <a target="_blank" class="" href="https://www.cnn.com/2024/10/23/politics/nobel-prize-economists-harris-economic-plan/index.html">23 Nobel Prize-winning economists</a> for predicting that the president-elect's agenda would be "counterproductive."The investor laid out his ideas for the economy in his written piece, calling for the Trump administration to reduce government borrowing and to reform President Joe Biden's policies for investment in a "quixotic energy transition."Like Lutnick, he's <a target="_blank" class="" href="https://www.foxnews.com/opinion/scott-bessent-talk-tariffs-its-time-revitalize-alexander-hamiltons-favorite-tool">advocated for an economy</a> that's more reliant on tariffs and weaned off income tax, saying the move would restore America's position on the world stage and help curb China's growth.However, The Journal reported that some conservatives in Trump's circle were concerned about Bessent's past experience working for Soros, who has attracted the ire of the MAGA base for his support of left-leaning causes.

Meet the top 4 candidates Trump is considering for Secretary of the Treasury

<ul><li>The BSE Sensex was trading 0.57% higher at 38,746.09.</li><li>These are the top stocks that are buzzing the D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices Sensex jumped over 200 points in early trade on Wednesday tracking positive cues from global markets and foreign fund inflows. The BSE Sensex was trading 0.57% higher at 38,746.09; while Nifty50 was up 0.56% at 11,448.95. SBI was the top gainer in the Sensex pack, rising around 2%, followed by L&amp;T, M&amp;M, ICICI Bank, Sun Pharma, Axis Bank, ITC and Bajaj Auto. On the other hand, HCL Tech, Nestle India, Tata Steel, Kotak Bank, and Infosys were among the top losers. These are the top stocks that are buzzing the D-street today. SBI shares up over 2% during the initial trade hours <div type="image" title="SBI August 19" msid="77627266" hostid="261"></div> State Bank of India shares gained over 2% after news surfaced that SBI is raising up to ₹10,000 crore in a bond sale. According to <a href="https://economictimes.indiatimes.com/markets/bonds/sbi-to-raise-up-to-rs-10000-crore-through-issue-of-tier-ii-bonds/articleshow/77625108.cms">reports</a>, it is this year’s first bond sale by the country’s biggest mass-lender and is expected to draw large domestic institutional investors, such as state-owned LIC and EPFO. Zee Entertainment shares gained over 4% <div type="image" title="Zee Enter" msid="77627333" hostid="261"></div> Despite posting 94.3 % fall in its net profit to ₹30.4 crore, Zee Entertainment shares were up 4%. The company has appointed Subhash Chandra as Chairman Emeritus and R Gopalan as Chairman of the board. Brokerage house Emkay believes that consistency and delivery will win back trust, they maintain ‘Hold’ rating with target at ₹190. Kotak also believes that this is a step in the right direction, but few more needed for further re-rating. Yes Bank shares advance 5% <div type="image" title="Yes bank August 19" msid="77627813" hostid="261"></div> Yes Bank shares soared 5% after the private sector lender repaid the central bank’s ₹35,000 crore out of the ₹50,000 crore of Special Liquidity Facility. It also divested more than 8% stake worth over ₹75 crore in CG Power and Industrial Solutions through open market transactions. Indiabulls shares opened 2% higher <div type="image" title="Indiabulls" msid="77627848" hostid="261"></div> Indiabulls was up 2% during the early trade hours after the Bengaluru-based realty firm Embassy Group signed an agreement to merge its various housing and commercial projects with Indiabulls Real Estate Ltd (IBREL) and take control of the merged entity. Embassy Group already has around 14% stake in Mumbai-based IBREL, and the same will increase to 45% after the merger of assets of these two companies. RIL shares up 1% after Netmeds acquisition <div type="image" title="RIL August 19" msid="77627935" hostid="261"></div> Reliance Industries shares gained nearly 1% after its subsidiary Reliance Retail Ventures Limited (RRVL) had acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately ₹620 crore. ICICI gained 2% in initial trading <div type="image" title="ICICI Bank August 19" msid="77627981" hostid="261"></div> ICICI Bank shares soared 2% after the Chinese central bank, People’s Bank of China acquired a very small stake in ICICI Bank through the recently closed ₹ 15,000 crore share sale by the country’s second-largest private sector lender. Uflex shares gained 6% <div type="image" title="uflex August 19" msid="77628006" hostid="261"></div> The packaging materials and solution company Uflex shares touched 52-week high after it reported over two-fold jump in its consolidated net profit to ₹196.54 crore for the first quarter ended June 30 Dilip Buildcon shares gained 4% <div type="image" title="Dilip August 19" msid="77628035" hostid="261"></div> Dilip Buildcon shares gained 4% after the company said it has received a letter of acceptance (LoA) for a new project worth ₹1,334.95 crore. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/ril-icici-bank-zee-ent-ruchi-soya-dixon-tech-cg-power-muthoot-finance-top-stocks-to-watch-today/slidelist/77625323.cms" data-type="tilCustomLink">Top stocks to watch today— RIL, ICICI Bank, Zee Ent, Ruchi Soya, Dixon Tech, CG Power, Muthoot Finance and more</a> <a href="https://www.businessinsider.in/business/startups/news/with-reliance-buying-netmeds-and-pharmeasy-merging-with-medlife-amazon-and-flipkart-are-in-for-a-tougher-competition-than-they-would-like/articleshow/77625512.cms" data-type="tilCustomLink">With Reliance buying Netmeds and PharmEasy merging with MedLife, Amazon and Flipkart are in for a tougher competition than they would like</a>

Top stock movers on Dalal Street today —SBI, Yes Bank, Indiabulls, RIL, Uflex and more

<ul><li>Indian stock market indices opened in red on Thursday tracking sell-off in global markets.</li><li>The BSE Sensex was trading nearly a percent lower at 38,270.26 points; while Nifty50 was down or 0.81% at 11,315.60 points.</li><li>These are the top stocks that are buzzing the D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices, Sensex tumbled over 300 points in early trade on Thursday tracking the sell-off in global markets after the US Fed's gloomy economic outlook spooked investors. The BSE Sensex was trading nearly a percent lower at 38,270.26 points; while Nifty50 was down or 0.81% at 11,315.60 points. ICICI Bank was the top loser in the Sensex pack, shedding around 2%, followed by IndusInd Bank, HDFC, ITC, Asian Paints and Titan. On the other hand, NTPC, PowerGrid, Sun Pharma and Infosys were among the gainers. These are the top stocks that are buzzing the D-street today. Ruchi Soya dives 2% post Q1 earnings <div type="image" title="Ruchi SOya August 20" msid="77648242" hostid="261"></div> Patanjali Group firm Ruchi Soya shares declined 2% during the early trading hours on Thursday. The company reported around 13% decline in its net profit to ₹12.25 crore for the first quarter ended June 30. It also announced the resignation of Acharya Balkrishna as managing director of the company. Ram Bharat, Baba Ramdev’s younger brother, will replace Balkrishna. Muthoot Finance decline 5% <div type="image" title="Muthoot Fianance August 20" msid="77648250" hostid="261"></div> Shares of one of the largest NBFC gold loan lenders declined 5% during the trade hours on August 20. Although the company posted a 59% rise in standalone net profit in the June quarter, the inventors were cautious about sustainable growth. <a href="https://www.livemint.com/market/mark-to-market/gold-makes-muthoot-finance-shine-in-q1-but-investors-want-growth-sustainability-11597841856611.html">According to reports</a>, the recent surge in gold loans is because people are struggling to pay the dues as the pandemic impacted pockets. Therefore, the growth rates could peter out in the coming quarters. IRCTC lost over 1% during the morning trade <div type="image" title="IRCTC shares" msid="77648259" hostid="261"></div> Shares of partly state-owned hospitality company IRCTC shares declined nearly 1% after news surfaced that the government is looking to reduce its shareholding via an offer of sale. <a href="https://www.timesnownews.com/business-economy/companies/article/indian-railways-irctc-next-on-modi-government-s-disinvestment-agenda-report/639539">According to reports</a>, The department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers. It aims to divest part of the government’s shareholding of 87.4% in the IRCTC, which was listed on the bourses last year. Tata Power gained over 4% <div type="image" title="Tata power" msid="77648296" hostid="261"></div> Tata Power share soared 4% after the company said after launching its renewable energy InvIT this fiscal year, it would also explore merger and acquisition opportunities to strengthen its position in this space. HAL shares declined over 3% <div type="image" title="HAL" msid="77648311" hostid="261"></div> HAL lost nearly 3% during the morning trade hours after <a href="https://www.moneycontrol.com/news/business/economy/government-may-sell-5-stake-in-hal-via-offer-for-sale-5728591.html">news reports</a> surfaced that Centre is planning to sell 5% stake in state-owned defence player Hindustan Aeronautics (HAL) via an offer for sale. As of now, the central government owns a 90% stake in HAL, and it is expected to rake in up to ₹2,000 crore. DLF gained over 2% <div type="image" title="DLF" msid="77648341" hostid="261"></div> Realty major DLF gained over 2% during the morning trade after the US-based property player Hines secured a ₹2,600 crore loan from HDFC to construct a prime office complex in Gurugram. “The second joint venture between Hines and DLF has secured a construction loan of ₹2,600 crore from HDFC Ltd,” Hines said. <keyword id="6426359" type="COMPANY" weightage="20" keywordseo="pnb-housing-finance">PNB Housing Finance</keyword> up nearly 3% <div type="image" title="PNB Housing" msid="77648370" hostid="261"></div> PNB Housing Finance shares gained nearly 3% after its board on Wednesday approved raising up to ₹1,800 crore equity capital through a preferential or rights issue. Yes Bank and CG power gains nearly 3% and 5%, respectively <div type="image" title="Yes" msid="77648396" hostid="261"></div> Yes Bank shares were up 3% after the company exited <keyword id="9788653" type="COMPANY" weightage="20" keywordseo="cg-power-industrial-solutions-ltd">CG Power &amp; Industrial Solutions Ltd</keyword> (CG Power) by selling its entire stake-holding in the company. Whereas on the other hand CG Power also gained 5%. Yes Bank has sold 6,34,00,000 equity shares having a nominal value of ₹2 each, constituting 10.12% of the share capital of CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory filing. SEE ALSO:<a href="https://www.businessinsider.in/business/startups/news/swiggy-ran-a-massive-thank-you-campaign-for-its-delivery-heroes-two-months-later-those-heroes-are-protesting-against-reduced-cuts-and-slashed-incentives/articleshow/77647502.cms" data-type="tilCustomLink"> Swiggy ran a massive ‘thank you’ campaign for its delivery heroes – two months later, those heroes are protesting against reduced pay and slashed incentives</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-today-sbi-dlf-pnb-housing-yes-bank-ruchi-soya-titan-company-and-more/articleshow/77646162.cms" data-type="tilCustomLink">Top stocks to watch today— SBI, DLF, PNB Housing, Yes Bank, Ruchi Soya, Titan Company and more</a>

Top stock movers on Dalal Street today —Ruchi Soya, Muthoot Finance, IRCTC, HAL, Tata Power, Yes Bank and more

<ul><li>Sensex on Friday opened on a positive note, with a healthy buying in healthcare, capital goods and energy stocks. </li><li>Nifty50 was trading nearly 51.10 points higher or 0.45% from its previous close.</li><li>Here’s a list of stocks buzzing on D-street today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market opened on a positive note on Friday with the BSE Sensex surpassing the 38,500-mark during the initial trade. Healthy buying was witnessed in healthcare, capital goods and energy stocks. Nifty50 was trading nearly 51.10 points higher or 0.45% from its previous close. These are the <keyword id="35164" type="PERSON" weightage="20" keywordseo="top-stocks">top stocks</keyword> that are buzzing the D-street today. IndiGo’s parent Interglobe Aviation shares trading over 2% lower during the morning trade The overall domestic air passenger traffic declined 83% to 21 lakh passengers in July. This led to domestic carrier Indigo’s shares coming under pressure. IndiGo’s passenger load factor in July was almost flat at 60.2%. However, its market share in July was up at 60.4% compared to 52.8% in June. Shares of its rival airline SpiceJet, was trading flat during the morning session. Hero MotoCorp declined nearly two per cent during the morning trade Shares of the country’s largest two-wheeler maker Hero was trading nearly 2% lower after the company posted a 95.38% decline in consolidated net profit at ₹57.78 crore for the first quarter ended June 30. The total income during the quarter under review declined to ₹3,119.22 crore as compared with ₹8,410.41 crore in the year-ago period. Eicher Motors declines 3% during the morning trade After reporting a consolidated net loss of ₹55 crore for the first quarter ended June 30, the shares of Eicher Motors were trading nearly 3% lower during the early trade. Bank of India trades nearly 2% lower The <keyword id="1922421" type="PERSON" weightage="20" keywordseo="Bank-of-India-shares">Bank of India shares</keyword> were trading nearly 2% lower after the board approved raising up to ₹8,000 crore by preferential issue, QIP, further public offer, etc. Cipla gains over 3% during the morning trade Cipla shares gain over 3% led by a rally in pharma stocks. Cipla is one of the companies in India manufacturing the antiviral drug Remdesivir. Glenmark Pharmaceuticals gains over 3% during the morning trade Shares of Glenmark Pharma was trading nearly 3% higher ahead of first quarter earnings due later today. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/stocks-to-watch-indigo-spicejet-hero-motocorp-bpcl-tata-steel-glenmark-pharma-eicher-motors-bank-of-india-hindalco/articleshow/77536933.cms" data-type="tilCustomLink">Top stocks to watch today—IndiGo, SpiceJet, Hero MotoCorp, BPCL, Tata Steel, Glenmark Pharma and others</a> <a href="https://www.businessinsider.in/business/auto/news/eicher-motors-registers-first-ever-net-loss-of-55-crores-in-at-least-a-decade/articleshow/77526012.cms" data-type="tilCustomLink">Eicher Motors registers first-ever net loss of ₹55 crore in at least a decade</a>

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Meet the top 4 candidates Trump is considering for Secretary of the Treasury

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Top stock movers on Dalal Street today —SBI, Yes Bank, Indiabulls, RIL, Uflex and more

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Top stock movers on Dalal Street today —Ruchi Soya, Muthoot Finance, IRCTC, HAL, Tata Power, Yes Bank and more

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Top stock movers on Dalal Street today — IndiGo, Cipla, Hero MotoCorp, Glenmark Pharma and others

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