Record Highs for Stocks, Bitcoin Tops $100,000, Trump Transition: New Picks 12/5/24

David Faber and Jim Cramer discussed a double dose of history and what it means for investors: The major stock indices at record highs -- and bitcoin surpassing $100,000 for the first time, sparked by President-elect Trump choosing former SEC Commissioner Paul Atkins to chair the agency. The anchors also reacted to more of Trump’s picks, including Gail Slater as the Justice Department's antitrust chief and Fiserv CEO Frank Bisignano to head the Social Security Administration. Also in focus: The investigation into the shooting death of UnitedHealthcare CEO Brian Thompson, Elon Musk's AI push, What Fed Chair Powell and Jeff Bezos told The New York Times DealBook Summit, Disney's dividend hike, American Eagle Outfitters tumbles and leads the retail earnings spotlight. Squawk on the Street Disclaimer