maybe the ecp is lowering their rates. but we can grow at 3% instead of 2%. >> is the u.s. economy slowing today? >> well, we went from 3% in q1 to 2% in q2. >> so it is. >> but the reason why it slowed based on my read of the data is it's pure federal reserve raising rates too fast. the fed cannot be raising rates when every central bank in the rest of the world is lowering their rates. that only leads to a widespread between interest rates between us and them and this thing called a carry trade where you borrow euros and buy dollars and a small handful of rich people make money and hurt manufacturers. >> will u.s. and chinese trade negotiators be back at the table next month? >> everything is on schedule. i think this is why it's important for people to not get