Obama nominees U.S. President Barack Obama announces Penny Pritzker as his new nominee for the U.S. Secretary of Commerce and Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington, D.C. Photo: Reuters

President Barack Obama is expected to announce his nomination of two long-time friends -- Penny Pritzker and Michael Froman -- as commerce secretary and trade representative, respectively. These are the last two posts the president needs to fill to round out his cabinet.

The announcement will take place at 10:15 a.m.

Watch the White House's live stream.