Leigh Gallagher makes sense of a busy news week. Fortune’s Claire Zillman and Chris Matthews, plus Ben Goldberger from sister publication TIME, are in the studio. Our all-star panel will explain how an arcane law in Indiana became a massive business story this week. Plus, Wal-Mart and McDonald’s take different approaches to raising employee wages. And what to should we make of this week‘s disappointing jobs report?

For today’s Exchange Interview, Focus Brands group president Kat Cole stops by.

Later, Senior Special Correspondent Susie Gharib catches up with Ford CEO Mark Fields at the New York International Auto Show.