Ellen Zenter, Morgan Stanley's Chief Economic Strategist and Global Head of Thematic and Macro Investing, dives into the current job landscape and its implications for the economy. She examines the disparity in consumer spending between services and goods, highlighting affluent trends. The discussion also navigates how labor market dynamics influence Federal Reserve policies. Zenter shares insights on America's entrepreneurial resilience, especially in Texas, and explores investment opportunities amid market volatility, focusing on sectors like AI and defense.