few people have the kind of insights that michael pettis has.e that stood out, consumption, the only potential engine of growth for 2024 for china is consumption. unpack that line. >> for a large economy there is only two sources of growth, investment and consumption. if you go to the various components of investment, there are three big areas. there is the property sector, which at best was stabilized and probably contract this year. there is infrastructure investment, but there is increasing evidence beijing is very concerned about the nonproductive direction of infrastructure spending, so we are starting to see constraints this year, and finally there was the big shift in manufacturing, but as you know an expansion in china's share in global manufacturing requires also that the rest of the world to accommodate it, and it is clear the rest of the world does not want to accommodate an expansion and chinese manufacturing, so we are left with consumption. tom: and they have been reluctant up to this point to go down the route of cash handouts to

there is michael watley, the chair who we know never hear anything about which is very odd.the service of the donald trump show, they stopped doing the things that a political party those that the republican national committee is meant to do, not only to deliver the white house but to deliver those down ballot races we talked about earlier. >> that is the critical thing. the one note from me is -- in it. one? >> one. >> your first note. >> first note, who is the chair of the rnc? is it lara trump or is it michael whatley? i can't tell because i haven't heard the chair of the party speak on everything. and lara trump is the one giving the interviews and making the claims. for example, we have lara trump -- let's play this nbc news interview she did recently. >> is it going to be the position of the rnc in 2024 that the 2020 election was not fairly decided or that it was stolen somehow? >> i think we are passed that. i think we learned a lot. the past is the past and unfortunately, we had to learn some hard lessons in 2020. >> why is he asking her? why is that interview not wi