Live from the Nazak market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Rallying to records, the Nazak and S&P both hitting new highs again today, but with big tech earnings in the books, how much more can the rally run? We'll debate that. Plus, the yen surges against the dollar. Tangor CEO gives his read on the consumer, what to expect from Berkshire's first annual meeting without Warren Buffett, and the bots versus the bros.

A new study finds that most real-world traders are losing money on their prediction market bets.

Yep, and it's the AI algorithms turning a profit.

We'll talk to the man behind the report later this hour.

I'm Melissa Lee.

Come to you live in studio B at the NASDAQ on the desk tonight. Karen Feinerman, Tim Seymour, Mike Cohen, Bono and Eisen. We start off with a new set of records to kick off May trading. The NASAC jumping nearly a percent helped by a three plus percent gain in Apple post earnings. The S&P added three-tenths of a percent, while the Russell gained half a percent.

The Dow, though, shed about 150 points, dragged down by losses in Amgen and McDonald's.

It's about 2 percent from a record of its own.

The moves come after the busiest week of earnings this quarter, five of the Mag7 names reporting the last few days,

with Apple and Alphabet among the standouts in all.

Almost two-thirds of S&P 500 companies have reported so far, with earnings on average

coming in more than 11% above expectations.

That is the biggest surprise rate in nearly five years.

And while MegaCap tech stocks have seen profit growth near 60% year on year, even excluding those names.

EPS is still up almost 20%.

So what did we learn from earnings this week?

Is the foundation in place for further gains?

And I think as much as you wanted to doubt the rally, as much as you said, higher oil prices

will certainly dense sentiment, whether it be by the consumer or corporate spending, it didn't Karen, and we didn't really see much of that as evidence in any of the guidance either. No, I mean, it was a really, really powerful, for the most part, quarter, especially for the Mag 7. I know Tim, you've been very pro-Mag 7, pro-Semies. And I'm a bro, too. I'm supposed to be wrong.

But it was right.

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