California’s new minimum wage law takes effect today: $20 an hour. We’ll speak to the CEO of fast-food chain Raising Cane’s, which nearly has nearly 100 locations there, about the real impact of this wage hike. Plus, stocks are hitting a speed bump on the road to Dow 40K. Friday’s inflation data and comments from Jerome Powell have led some to believe the Fed could cut rates later than initially expected. We’ll discuss.