Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Thursday, May 4th.

- What the Fed said

- Elon says a mild recession is already here

- Liz Young looks at the Fed’s May Statement

- $CG Tumbles

- $QCOM slides + $AAPL earnings preview

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Episode 79: Holus Bolus, excursive, soothfast, and more