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THE Department of Environment and Natural Resources (DENR) said that the major reclamation projects in the National Capital Region (NCR) could 'spur economic development.'
>> reporter: and i think what you see out there is hoedy talking about china, without talking about china, directly referring to them about russia. and what i want to say is that america should be happy with how much india is giving them strategically because america wants indias as an ally. so i think the rreasondy modi i giving that he is giving as much as he can but biden tried to close in as close as possible. giving that he is giving as much as he can but biden tried to close in as close as possible. giving that he is giving as much as he can but biden tried to close in as close as possible. >> thank you so much. and now no surprise he is now a spur. >> with the first pick of the
household names. 58 players picked in the 2023 nba draft. french phenom victor wembanyama went to san antonio as the number one pick. stephanie gosk has much more. >> reporter: they call him webby and this morning you can call him a san antonio spur. victor wembanyama, the 19-year-old from france was the first to go in the nba draft kicking off an exciting and emotional night for the league's future stars. with a once in a generation prospect waiting in the wings, one of the nba's premier franchises made it official. >> the san antonio spurs select victor wembanyama from france. >> reporter: 7'5" french phenom
europe. we've got remarkably low unemployment. we've got wages continuing to increase. where are we right now in this economy? >> i think what you just described is an important place to start which is this virtuous cycle of a tight labor market generating employment, employment generating wage growth, and that helping to spur, to fuel consumer spending. i noticed you mentioned retail sales from this week. that came in well ahead of expectations. and look, consumer spending in this country is close to 70% of gdp. and europe it's more like 55%. so with the american consumer has a strong labor market behind her, that virtuous cycle, that flywheel of gdp, is going to deliver. you mention inflation, which has, of course, been elevated. it actually is growing considerably less quickly here than in europe at this point, but probably more importantly it is down about five points from its peak, so it's slow down a great deal here.
we've got inflation at least in this part of the world coming down a little bit. it's still persistently high in some places, including in europe. there does seem to be technical recession in some parts of europe. we've got remarkably low unemployment. we've got wages continuing to increase. where are we right now in this economy? >> i think what you just described is an important place to start which is this virtuous cycle of a tight labor market generating employment, employment generating wage growth, and that helping to spur, to fuel consumer spending. i noticed you mentioned retail sales from this week. that came in well ahead of expectations. and look, consumer spending in this country is close to 70% of gdp. and europe it's more like 55%. so with the american consumer