Bulls Say "Good Riddance" to April and Hello to May, Buffett's Market Message, Munger Slams Robinhood, plus the CEO of Apollo Global Management on Volatility 5/2/22

Carl Quintanilla, Jim Cramer and David Faber led off the show with a look at how investors should navigate the market in May, after the S&P 500's worst month since the beginning of the pandemic and the Nasdaq's poorest monthly performance since 2008. The anchors also reacted to news out of the Berkshire Hathaway Annual Shareholder Meeting over the weekend, including Warren Buffett's take on markets and inflation, Charlie Munger's harsh comments about Robinhood – and both men blasting crypto. At the Milken Institute Global Conference in Los Angeles, David interviewed Apollo Global Management CEO Marc Rowan about how the alternative asset manager is investing in a volatile market environment. Also in focus: Former Fed Vice Chairman Roger Ferguson tells CNBC he believes a recession is inevitable.