Thus, you can bet dollars to doughnuts that traders will be listening closely for any mention of cost increases or cuts in margins over the next month.

FORBES: Traders Eager to See How Well Companies Maintained Margins in Q1

"I bet you dollars to doughnuts they will be spending the money in your local business ... history bears it out, " Wright said.

WSJ: NY Assembly OKs $9 minimum wage; Senate gets bill