Ethics Probe Escalates

A plausible escalation is a formal request for the Commerce Department inspector general or congressional committees to examine whether Lutnick's 2025 income created conflicts of interest. The inquiry would focus on recusals, Cantor Fitzgerald's business ties, and whether the transfer to his children was sufficient.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.