bob nardelli, along with american university school of public affairs executive in residence, capri caf a aro. it's been a good hour so far. interesting to see the different expectations for the economy. nancy l lazar, a little more constructive on what we're seeing, versus the conversation out there, indicating a 90% expectation for the fed to cut the rate in two weeks. >> if we're not careful we're talk ourselves into dampening the enthusiasm and the growth we've had in the economy, , cap ex shifting to more technology, ai. >> technology cap ex is the largest component of cap ex in gdp. i think there is reason for some concern out there. there's a lot of uncertainties, whether it be the china trade deal, whether geopolitical in nature, brexit. there are some things you have to consider. the fact is, there seems to be good, solid strength in the u.s., and the consumer remains very strong. >> consumer confidence seems very, very strong. an area that does continue to concern me, certainly from being where i'm from, is the manufacturing sector. and that's where tariffs and trade issues re