'Fast Money' Recap: The Schizoid Dow

Guy Adami would put on a pairs' trade, going long F and short GM. Walt Disney (DIS Quote) reported strong earnings and revenue postclose, while Time Warner (TWX Quote) traded lower on problems with AOL ad numbers. Pete Najarian wouldn't get in TWX until the company is split up.

Jeff Macke says Disney did OK with theme park revenue up 6%, and is comfortable long. Starbucks(SBUX Quote) missed analysts' estimates on revenue, but the stock is up after hours. Jeff Macke would get out of the stock, but Eric Bolling likes the java-maker from a technical standpoint.

Jobs and Blackstone

The ADP employment report could be signaling a bad jobs report for Friday. Eric Bolling believes that a lot is riding on Friday morning and that a bad number could bring out weakness. Jeff Macke says a weak number will give the market an excuse to sell off. Seven firms on Wednesday today and rated Blackstone(BX Quote) a buy. Adami believes that only Wachovia has it right with a neutral on valuation. Najarian mentioned that the price-to-earnings was too high when it came public, and that's why you had to sell it.

Trading a Migraine Breakthrough

A new drug could help end migraine pain for 300 million sufferers The Food and Drug Administration could soon approve a new prescription drug for migraines. CNBC's Mike Huckman joined the crew tonight to discuss the potential drug.