The End of Uncertainty

Desperate for stability, traders are hopeful that next week President-elect Barack Obama will reveal some of his cabinet positions. Who’s on the short list?

NBC’s Andrea Mitchell broke the news that Sen. Hillary Clinton is under serious consideration to be the next Secretary of State. Meanwhile, The Associated Press reports that other contenders include Senator Chuck Hagel, Senator John Kerry and New Mexico’s Gov. Bill Richardson.

Treasury Secretary

Of course the position the Street is most closely watching is Secretary of the Treasury. As we’ve been telling you leading candidates include NY Fed Governor Tim Geithner, former Clinton Treasury Secretary Larry Summers, and NJ Governor Jon Corzine, a former CEO of Goldman Sachs.


Who Will Be Next Treasury Secretary?
From Prediction Market

Tim Geithner Larry Summers Jon Corzine
48% 16% 10%


Guy Adami and Jeff Macke think Corzine is the way to go.

Karen Finerman likes Larry Summers.

Tim Seymour would prefer to see Tim Geither.

Our colleagues at MSNBC put together a comprehensive list of people likely to assume key roles in the Obama administration. We thought you might be interested.


Agriculture: Tom Vilsack, Tom Buis (Natl Farmers Union), Charlie Stenholm, Jim Leach

Commerce: Penny Pritzker, Kathleen Sebelius, Jason Furman, John Thompson (Symantec)

Defense: Robert Gates, Richard Danzig, Chuck Hagel, Sam Nunn, Jack Reed, Colin Powell, John Hamre

Education: Joel Klein (NYC), Linda Darling-Hammond, Kathleen Sebelius, Colin Powell, Jim Hunt, Arne Duncan, Inez Tenenbaum.

Energy: Kathleen Sebelius, Philip Sharp, Ed Rendell, Arnold Schwarzenegger (has said no), Al Gore, Jeff Bingaman, Jennifer Granholm

HHS: Tom Daschle, Howard Dean, Eric Whitaker

Homeland Security: Tim Roemer, Ray Kelly, James Lee Witt, Tom Kean Sr, Jane Harman, Janet Napolitano

HUD: Jim Clyburn, Valerie Jarrett, Shirley Franklin (Atlanta mayor)

Interior: Bill Richardson, Inslee, Kitzhaber, Tony Knowles, Ken Salazar

Justice (AG): Eric Holder, Janet Napolitano, Charles Ogletree, Deval Patrick, James Comey, Patrick Fitzgerald, Artur Davis, Tim Kaine, Jamie Gorelick (but was vice chair of Fannie), Ken Feinberg

Labor: Andy Stern (SEIU), Richard Gephardt, George Miller, David Bonior

State: John Kerry, Bill Richardson, Richard Lugar, Chuck Hagel, Richard Holbrooke, Chris Dodd, Hillary Clinton

Transportation: Ed Rendell, Jane Garvey, Mortimer Downey, Earl Blumenauer, Steve Heminger, James Oberstar

Treasury: Larry Summers, Tim Geithner, Paul Volcker, Robert Rubin, Jon Corzine, Warren Buffett, Michael Bloomberg, Laura Tyson, Jamie Dimon, Jacob "Jack" Lew, Sheila Bair

Veterans Affairs: Max Cleland, Tammy Duckworth

Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to

Trader disclosure: On Nov. 14, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Is Short (TM); Macke Owns (MSFT), (UUP), (MGM), (WMT), (MCD); Finerman's Firm Owns (MSFT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (USO), (BBT), (GNK), (COF); Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI)