Economist Dambisa Moyo says CEOs must play a role in sustaining a consumer class as AI eliminates jobs

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• In today’s CEO Daily: Diane Brady interviews economist Dambisa Moyo.
• The big leadership story: Trump brushes off concerns about oil prices as they surge past $100 a barrel.
• The markets: The oil price shock is causing a bruising global selloff.
• Plus: All the news and watercooler chat from Fortune.

Good morning. Today is the 250^th anniversary of the publication of The Wealth of Nations by Scottish economist Adam Smith, a foundational text of modern economics that inspired the U.S.’s founders to create an economy based on free markets, fair taxation, a natural division of labor and a state focused on protecting the basic conditions for that to work. It’s a poignant anniversary at a time when the U.S. economy is losing jobs and mercantilism is on the ascent amid war and tariffs.