According to CNBC’s John Harwood, the Obama administration has made a new choice for Commerce secretary.
And their pick is former Washington Governor Gary Locke, the nation's first Chinese-American governor who served two terms, ending in 2005.
As you may remember Republican Senator Judd Gregg withdrew his nomination earlier in the month because of "irresolvable" differences over policy issues, including the $789 billion economic stimulus package.
Also, New Mexico Gov. Bill Richardson withdrew his nomination amid a federal investigation of state contracts.
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Trader disclosure: On Feb. 23rd, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns (GE) Puts; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (X) Put Spread; Najarian Owns (WFC) & (WFC) Calls; Seymour Owns (AA), (BAC), (EEM), (FXI); Seymour Is Short (NUE); Seymour's Firm Owns (PCU); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (MSFT), (RIG); Finerman's Firm Is Short (IYR), (IJR), (MDX), (SPY), (BBT), (VNO)
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