Live from the Nasak Market site in the heart of New York City's Times Square.

This is Fast Money. Here's what's on tap tonight.

Apple Engineering shares the iPhone maker seeing their biggest pop since November 2022 after the company announced a massive

share buyback but are things really as good as that price action suggests we'll

debate that plus the rate route yields on Treasury is dropping after a week April jobs report

boosted hopes for a Fed rate cut and it's having an outside effect on some

sectors will dive into the moves and bring you the trades and later we're

getting you ready for earnings from Disney and Lyft.

Starbucks orders up a rough week after results,

and the yen finds its footing after hitting a 34-year low against a dollar.

I'm Melissa Lee, come to you a lot from Studio of The Nazac on the desk tonight.

Tim Seymour, Dan Nathan, Julie Beale, and Mike Coe.

We start off with a huge move in Apple in the back of last night's earnings, shares

jumping nearly 6% after the Tech Titan announced a monster stock buyback of $110 billion, the largest

in history across all companies.

And Apple's no stranger to giant repurchase as a company leading the S&P and reducing

share account over the last year buying

nearly 85 billion dollars worth of stock.

Yesterday's announcement brings its total since 2012 to nearly 700 billion dollars, but is this all just a bit of financial engineering

that masks trouble under the surface after all overshadowed by yesterday's

buyback news was a 4% drop in overall sales with iPhone revenues down 10% from a year ago.

That is the largest decline since the pandemic.

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