Who will be Trump's next Press Secretary?

The central fact is that Scott Jennings is clearly being vetted by the market and by public speculation, but no official appointment has been made and Trump has not closed the loop on a permanent choice. That matters because this kind of personnel decision is often driven less by media chatter than by loyalty, availability, message discipline, and internal White House staffing preferences at the moment the role is actually filled. Jennings has the visibility and ideological fit to be credible, but there is still a large gap between being a talked-about name and being the eventual pick.

Compared with the rest of the field, Jennings appears to have one of the strongest combinations of profile and plausibility, but not an overwhelming one. Anna Kelly looks like a serious inside-the-building option, which can be especially valuable for a communications role that requires operational trust. Danielle Alvarez, Maria Bartiromo, and Alina Habba each have distinct strengths, but each also carries some combination of baggage, fit concerns, or uncertainty about whether they would actually take the job if offered. That leaves Jennings as a leading public-facing contender, yet one in a cluster rather than a clear lock.

My read is that the market is somewhat overconfident in the No side if it is implying Jennings is unlikely enough to dismiss. A 23% Yes price for a leading, repeatedly mentioned, publicly praised candidate seems a bit low given how often Trump has elevated media-friendly loyalists and how little evidence there is that a stronger inside favorite has fully separated. Still, the market is right to keep Yes below 50% because this remains an open race with no formal confirmation and several credible alternatives. The more likely mispricing is underestimating Jennings relative to the pack, not overestimating him as a certainty.