>> tjx probably has less foreign currency exposure to carnival. tjx is off-price retail. the kind of stores consumers gravitate towards, the treasure hunt. they have a something retailers don't, square footage growth where a lot of retailers are shrinking and good same-store sales. they have some european exposure and some canadian exposure but the bulk of their sales are the u.s. right now. liz: pes are now in their 20s. 22. you like carnival, the pe is 28. brings me back to dan stesich, today you had a fed-head. of course it was new york federal reserve chief bill dudley said in newark, new jersey, to a business office we're not really sure if the march jobs report was a one-off or if there is true weakness or softness. we have to wait and see. then we'll decide whether to tighten rates in june. do you think we see june tightening, no way or push off to september or 2016. >> depends. it is absolutely right. the fact he said we'll see if this is one-off makes me fearful and there is something there. if the jobs report comes out strong and one following we'll see a fed hi

nice tjx here. go to the tjx? >> yes. >> it's nice.ood prices. >> it's fun. >> i put a pair of slacks there for 22 bucks that i saw at $40. >> well-done. >> going with slacks not trousers anymore? >> i switched. these were more chino. >> what is the difference between slacks and trousers? >> my father said trouser my mom says slacks. >> it's probably what they called them. >> raised in retail. >> that's right. >> dow is up almost 58 points. s&p, 2082. get to pisani on the floor. >> china is having another rally. basically asia is not doing much. europe is mixed. hang seng is up almost 4%. hang seng is up almost 6% this month. shanghai is up fractionally. shanghai after being up 17% last quarter, i don't know what's going on. of course all sorts of talk of future stimulus. talk they're moving money out of property and moving more money into the stock market. there's been a lot of domestic move into the stock market from domestic investors in china. very interesting time over there. here in the united states, i call it an old-fashioned r

as we mentioned, this is a growing list with target walmart, tjx, and gap making a similar move.l, back to you. >> sue, thank you very much. as we saw there, mcdonald's down 1.3% in today's trading. let's get to dominic chu who has some of the movers. >> experian therapeutics climbing higher. those shares you can see up by 11%. then there's a specialty steelmaker carpenter technology cutting 10% of its workforce in a reorganization, it says that's about 200 jobs being lost. the company wants to reduce costs amid weak oil and gas prices. it also offered a forecast that didn't meet some analyst estimates. delta, american and united kr three major airlines all down big today after deutsche bank downgraded the airlines to a hold rating pointing to weaker than expected international sales. and then shares of go daddy.com soaring more than 30% in their debut. the web hosting company raising $460 million after offering 23 million shares 20 bucks a piece, and sara and bill you have been following from down there all day. the shares are up by 31% on the day's trade. >> not an easy day to

tjx said they work together to create fair schedules. mandy? >> thanks for the details. stay with us. let's get more of what it could mean. welcome back to power lunch. good to see you. you have done it all. you have run department stores and even stokd shelves yourself. what do you think it means for the retailers? >> i can tell you i hated it when i was stocking because you found out the day before what your schedule was. it was a big aggravation. this was not something new and this law is not something new. what's new is the technology to do it faster. i notice one of the things they asked for is are you using this kronos system for scheduling? what's the definition of showing up for a shift. if you show up you get four hours of pay minimum. if you find out an hour or five minutes before, what's the definition of showing up and would you get paid for it. i don't think anybody is arguing about the fact that we should pay people if they show up for a shift. the question is are we going to change the definition of what showing up for a shift means some if you are an empl

it's great minimum wages in chains like walmart, mcdonalds and tjx and target are raised. fantastic. more money in people's pocket meaning better consumer spending. what's it mean for corporate profit margins? this is why parts struggle to get higher. we're in the upper band historically, not necessarily a problem to take earnings higher and/or the multiple higher, but earnings are not higher, and six months, could be going lower, and if you want the multiple to go higher, people have to be certain about what's coming at them. up certainty is rising, not falling. uncertainty over the fed, the pace of decline in profits begin what's happened with the dollar and increasing uncertainty with europe. volatility's going to be higher than last year certainly more than people are used to and i think that does present opportunities, but you have to be careful about what you do here. >> saying being careful, go for an individual stock collection because you're not convinced the overall market lifts up? >> well, we use a lot of options with the equity positions, and you can use those