more than 100 firefighters are on the scene of the blaze that sent huge plumes of smoke over the capital. no word on casualties or what may have caused the fire, but officials say it is not appear to be terror-related. 10 people are confirmed dead in the condo tower collapse outside miami. the mayor says more than 150 people are still missing as rescue crews comb through the rubble. investigators are moving ahead with efforts to identify the cause of the failure. emails released by the town included correspondence from the condo board and officials in recent years that showed residents were concerned about the effects of nearby construction. ukraine and nato have launched drills involving dozens of warships. the exercises are set to last two weeks following last weeks incident with the british destroyer off of crimea.

warships fired warning shots and a warplane dropped bombs in the path of defender. britain denied that account, saying it's ship was not fired upon and was feeling in ukrainian waters. puerto rico will receive nearly $4 billion in pandemic really funds to boost the u.s. territory's fight against covid-19. it marks the first time the island as a full access to those funds. puerto rico reopened dozens of schools in march for the first time since the pandemic began. one month later, officials closed schools due to a spike in cases and then reopened some of them -- did not reopen some of them until may. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪

>> welcome to bloomberg markets. here are the top stories we are following. covid resurgence -- u.k. reports nearly 25,000 new cases. the reopening narrative continues. we talked to a doctor from johns hopkins about the latest. ubs leaning toward a hybrid model as major firms layout a feature. the u.k. takes aim at binance. we talked to a chief strategist about the latest on crypto. first, let's take a check on the markets. it is a risk of day. we have tech stocks outperforming. we have the haven been really

going on with the russell 2000 and small caps underperforming. energy and financials being pulled lower as we question whether the covid resurgence reopening is putting that at bay. u.s. money goes into u.s. -- yields come down five basis points. crypto actually getting a bid today. up more than 6%. there are question marks around whether we worry about any regulatory push against cryptocurrencies. bitcoin outperforms, back at 34,000. we want to talk about bitcoin rising in spite of that crackdown in the united kingdom. binance was than from doing business in the u.k.. -- banned from doing business in the u.k.. coin share's -- billions on the management. what is so interesting about this regulatory crackdown?

you can still use it if you are in the u.k.. >> are u.k. last year, institutions can still participate in a variety of crypto asset markets. most importantly, spot trading of bitcoin, the buying and selling of bitcoin is still an activity that is permitted for retail users. what we need to look at is what the fda is speaking about and what type of activity. when it comes to the majority of users, they are ready to access other products limited to spot markets. this announcement is really a fairly new -- minimal announcement. what is more concerning is seeing activity in asia. on friday, there was news from the japanese financial regulator around limiting activity from binance and over the last month,

news coming out of china has been limiting and curtailing access and activity in the cryptocurrency space. caroline: remind us about the business model of binance. it is an enormous exchange. it has never headquartered itself in a regulatory focus kind of country. they have been aware that they move around and it is notable that they recently bought -- brought on a new ceo in the united states. a bank regulator has become the ceo. they must be preparing themselves for these sorts of conversations. meltem: absolutely. one unique thing about crypto markets, unlike traditional markets that are open it 9:30 a.m. in the united states, except on holidays, crypto markets offer a 20 47, 365, and they are global in nature.

one of the biggest shifts happening in finance is the shift toward all things digital and for regulators and companies, it is challenging for a perimeter to govern something that is global, digital, and borderless in nature. binance has taken steps in order to adhere to the local jurisdictions in which it operates, but anyone with an internet connection and the ability to download a software client can interact with the bitcoin network and this is a new paradigm that we have never seen in any other asset class because all other asset class is require a third party custodian. anyone with a crypto wallet can interact with these platforms. that is radically different. caroline: the market has been stooped by what has happened in china and sending some of the miners out of china, making home in the u.s..

what is negative from a regulatory perspective? are we going to get a global regulatory picture painted? meltem: the challenge is precisely that. in the u.s., we have states regulating money transmissions but there are 50 different rules when it comes to transmissions and then there is a federal license as well. in the eu there is the attempt to standardize regulation under this new bill that is being drafted. the challenges are all of these variances and nuances in spending and where you operate. on the regulatory side, i don't believe there is risk of increasing crackdowns. regulator's are well aware of crypto and the access point they are looking to regulate is the point where crypto touches the cash banking system. the predominant trade pair in the cryptocurrency system is the bitcoin tether trade pair that does not involve the banks, does

not involve an intermediary. there is over $100 billion worth of cash that has been digitized and put on public blockchain's. that is a more interesting trend to watch. we may see a world where trading and interacting does not really require a bank account anymore. caroline: while we are using stable coins and why we are hearing federal reserve elements starting to look at whether or not there should be a fed coin or not. you got $4 billion of assets. as a strategist, as you are looking at inflows and outflows, what are you seeing? it is notable that bitcoin did bounce off of that technical low and managed to be back off of -- back up 34,000. is it on the sidelines or are people just waiting and watching? meltem: we have seen consecutive outflows over the last six weeks. that amounts to around 1% of global aum on a global basis.

it is not material by any means, but we are looking -- sentiment informs demand and demand informs market structure. open interest is low. $11 billion in open interest. what we are really looking for is symptomatic has been -- sentiment has been mixed. global banks are very public about their interest in offering exposure to their clients. we are waiting for those inflows to materialize. in addition, the key trend we will be watching is the return of more leverage, which means that market makers are back in the market and we will be looking to see the futures curve flip. right now, it is in backwardation. we are trying to utilize data to inform our opinions, which is challenging sometimes. caroline: do you think we will

get back up to the highest of 65,000 -- the highs of 65,000? tom brady was tweeting, he started putting in his laser eyes back in may and bitcoin has lost 20,000 since then. a mark of crypto support on twitter. meltem: we have u.s. senators also doing their own laser rise. -- laser eyes. bitcoin is a risk reward asset. it is connected to profiles, high volatility, and high reward. this broader circular trend around bitcoin which is getting regarded, coin shares, our long-term outlook on bitcoin is very bullish. i don't do price targets, but if i did, i would say i am still holding my bitcoin. i do not have plans to sell anytime soon. this is a long-term investment. caroline: the federal reserve

system chair talking about stable claims -- coins, saying they could create financial stability. the fed could issue -- that being a stable coin of its own. we thank you. thanks for having time with you. banks are ready to ring employees back to the office. one bank is telling employees they do not have to come back to the office ever again. up next. this is bloomberg.

♪ caroline: this is "bloomberg markets" and i'm caroline hyde. some of the stories we are reading about is how u.s. banks are getting back to the office.

one lender is giving up its pre-pandemic nods. the bank behind credit cards offered by amazon and paypal has begun to test its reopening plans and decided that no one is coming back five days a week. joining is now -- this is a tech forward bank. perhaps they are going to take things differently. are you surprised by the sudden ways in which they are saying, for the greater good of everyone, no one has to come in five days a week? >> symphony is bringing back people to his office and has said they cannot come back four, five days a week. this is the company behind amazon and paypal credit cards and it says it is listening to employees who are looking for flexible working and if you look at the measures they are introducing, you can see how big of an effect that is making as -- as the way americans work has changed forever. this is some of the details. it is going to introduce three types of office, one which will

be completely virtual. one will be a kind of hotel site where you can book a seat if you need, and then one where it will be a more hybrid form where you had a seat assigned to you. you will not go to the office for five days a week. caroline: so much thought into this, as has already been done by certain firms hope -- who have gone this direction. all meetings must be conducted in a virtual circumstance, with some being in a meeting more than others. how promotions go -- a lot of thought being put into a. a lot of thought put into various ways. a hybrid model, but not as aggressive as five days a week. how does the wall street context look right now? sally: all of the things you mentioned show wall street and then the u.s. and europe, they

are all charting different courses. we have had cities offering more flexibility. on the other hand, we have had a much more hard-line approach from banks like goldman sachs, which wants all of its employees back as does jp morgan and morgan stanley even mandated the vaccine for its staff. they are all taking different approaches and it is going to be a very challenging situation as to how each of these works out because they do afford some -- certain advantages in the office, especially in highly charged dealmaking environments. caroline: thank you so much. coming up, the only foreign scientist to undertake research. that is next. this is bloomberg.

♪ caroline: this is "bloomberg markets." as we slowly come out of this pandemic, the origins of covid-19 are starting to be questioned. it is the first in mainland china equipped to handle the deadliest pathogens. she gave us her assessment. >> i do not believe the virus is man-made. >> daniel anderson is the only foreign scientist to have done research at the wuhan institute of virology lab. >> what people are saying about whether this escaped from a lab, i do not rule out the possibility. >> she was doing research in november, 2019, weeks before covid-19 emerged. >> if someone presented evidence and said there was a lab leak,

some accident somewhere, i could foresee how things could maybe potentially happen or maybe not, but this -- i am not naive enough to say i am writing this off. whether the virus is engineered, that is a different scenario and that i do not believe. i believe it was a natural acquired infection at some point somewhere and whether or not it was originally in wuhan, i do not know. i do believe it is a natural occurrence. caroline: daniel anderson. we are learning that the united kingdom is reporting a setback

and its fight against the pandemic. the country reporting nearly 23,000 new covid cases. more than 84% of adults in the u.k. have had one vaccine and 52% are fully vaccinated. what is going on? let's bring in dr. ruth karron. we know that the delta variant is what has really taken over in the united kingdom. is that why we are seeing so -- such upticks in numbers? as the vaccine being affected -- been effective or not? dr. karron: we know the delta variant has spread in every country in which it has been introduced in the united kingdom and here in the united states and many other parts of the world. we have data to suggest that for many of our vaccines that require two doses, two doses are really needed to help control this variant.

at the minimum, we note that the antibody responses that you develop against this variant are much more robust after the second dose of the astrazeneca vaccine. caroline: is it just a case -- i came from the u.k. three or four weeks ago. i had spent six months there. they were celebrating how quickly they managed to get the vaccine into people's arms, but they were doing it very strategically and i have not been offered mind because i was not in the age group receiving it. is it the young being impacted at the moment? dr. karron: i think it is going to very country by country -- vary country by country depending upon what the status of that country is with respect to its population.

in countries where young people have not yet received vaccine or have navy -- have may received one or two doses, it is possible that they will be more impacted than others in the community. certainly, the delta virus -- the delta variant is a variant you take very seriously. at this point, it also appears to be more lethal than the other variants. caroline: you were mentioning how strong the mrna, thinking of pfizer, moderna, and astrazeneca. what if you had a slightly lower vaccine? should you be looking for boosters? i am counting myself as a pfizer taker. at one point -- at what point am i going to need a boost if we do see the variant rise in the united states? dr. karron: what i would say is

a couple of things. first of all, we need more data. i would like to make very clear that there are many parts of the world where people have not even received a single dose. before we think about booster vaccinations, we really need to think very seriously about broadening our global reach. for humanitarian reasons, this is the right thing to do, but also to prevent the rise and the spread of new variants, which is also the right thing to do. caroline: well said. how are we seeing the rollout of vaccines and the emerging markets? to stop this spread of variants worldwide, we need to see developing nations catch up and start to get the drugs in people's arms. dr. karron: i would say we are making steady progress, but

there is still a very long way to go. it is really very important that we deploy, that we share vaccines, that we also share technology in order to have as broad a global distribution as possible. caroline: to your mind, are countries right in cap and gown on travel for those who are vaccinated -- tamping down on travel for those who are vaccinated? is that the right course of action? dr. karron: dr. karron: -- dr. karron: i think time will tell. i understand country's concern. for countries that already have some of these variants, they will spread and they will sprayed -- spread exponentially. we are seeing that certainly for the delta variant and every country which has been

introduced, it rapidly takes over as the predominant variant. limiting travel and doing those sorts of things might buy a country sometime tomorrow effectively vaccinate the population. that is what they would be imagining. it is not that they would keep the virus from their borders, but they might buy themselves some time. caroline: thank you so much for your time, expertise, and insight. johns hopkins bloomberg school of public health. the school is supported by michael bloomberg, founder of bloomberg lp. coming up, time to buy canadian. buy america is saying this? look much better -- the stock is looking much better these days. that is next. this is bloomberg.

valiu -- mark: i am mark crumpton with bloomberg's first word news. u.s. airstrikes show the biden

administration will not hesitate to protect its interest in the region. that from secretary of state antony blinken in rome who said the rates were unnecessary, appropriate, and deliberate action aimed at limiting the risk of escalation. the raids have injected new uncertainly in the palm iran's nuclear program. mitch mcconnell wants infrastructure cut from president biden's fast-tracked spending bill. he is demanding that the president pressured democratic congressional leaders to follow him in separating a bipartisan $579 billion infrastructure plan from a larger tax and spending bill. mcconnell wants to head off an effort by democratic leaders to use a fast-tracked budget process to pass a bill with trillions of dollars in spending and tax hikes on the wealthy. the u.s. -- the u.k. is reporting a setback in its fight against the coronavirus pandemic.

the country reporting nearly 23,000 new covid-19 cases today, the most january. more than 84% of adults in the u.k. have had one vaccine and nearly 52% of adults are fully vaccinated. the olympic games need to change in order to survive. that from the head of the international olympic committee who said the tokyo games are an opportunity to rethink the enormous scale and expense of the event. the games are set to begin in three weeks. the decision to delay the games by one year due to the pandemic related -- added billions of dollars to the cost of the games. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪

amber: welcome to "bloomberg markets." caroline: we welcome our bloomberg audiences. here are the top stories we are following. amber: bitcoin is high today. a sign that the market is maturing. caroline: bloomberg is talking to executives on the leading edge of technology. we will hear how one company is aiming to have venezuelans inside the country turned their currency into bitcoin. outside of crypto, we will speak to the ceo of beach body company and the new billionaire, carl daikeler. amber: let's take a look at some of the market action. we are seeing a split picture. the nasdaq once again making a

record high if we close at these levels. this is a continuation of a trend we have seen since midway -- since mid-may. this has given room for growth stocks to outperformer, keeping a little bit of a laid on the value sector. things like financials, materials, and industrials. this calls into question the valuations that you are paying for some of these growth stocks and if valuations are too rich for you, a new report from bank of america suggests investors looking north of the border right here in canada. our senior stock editor david wilson who is following this new recommendation from the strategist over at bank of america -- what is the key to their thesis? david: there are two pieces. the first is valuation. they look at price-earnings ratios based on projected profit for the s&p, tsx composite, and

the s&p 500. when they ran the numbers, you find out that at the end of last week, the s&p tsx based on projected earnings had a 23% discount to the s&p 500. you go back a couple of months, you were talking more like 27% and that was the biggest going back two decades. there is a valuation piece and there is also the economic argument. if you buy the idea that we are getting a period of global expansion, then canada, at least in bank of america's view is in a better position to benefit. given the kinds of industries that are traded publicly, think about energy companies, mining companies, that is the other piece of the puzzle for them. it is valuation and economy. amber: tech is a relatively smaller portion of the canadian

index relative to the u.s. if we are going to see that our performance in the value sector, which seems to have toggledd -- paused lately, part of the thesis -- is that part of the thesis as well? david: that is part of the mix, no question. it is a matter of how do you take advantage of the idea that you may get global economic growth. when you look at the s&p tsx composite, it is in line with developed markets around the world outside the u.s.. you look at the s&p 500, it is expensive, even more so, the nasdaq composite. it is a matter of what you are paying for the potential in terms of economic growth and the effect on earnings and sales as well. caroline: i am looking at nasdaq at .5%. we are coming a little bit on the s&p 500. there is a lot more hedging going on. there is a lot more downside protection. people are worried about the

valuations we do see in the u.s.. david: absolutely. you are seeing in the s&p 500 exchange traded funds. people are borrowing and selling shares to profit from potential declines down the line. you are also seeing the options market. global markets has something called a sku index. you are seeing record highs on that index, which tells you that people are trying to lock in s&p 500 values now in anticipation of a decline that they will be able to profit from. in fairly short order, too. maybe one month or two. you are not looking at six months. caroline: david wilson, check out his chart of well. coming up, beachbody goes public. we speak to the ceo. this is bloomberg.

>> when i became ceo, i felt like i should do more. the company had done a lot, but i felt like we should step up because the urgency of the crisis demanded it.

♪ caroline: this is "bloomberg markets." it is a fascinating situation we have at the moment. we keep talking about the world reopening. we are about to interview the ceo of world caribbean. people are getting back on c ruise and airplanes. every step forward is one step back and we start to worry about the delta variant. i wonder which way this means the market is going to drive. we have that desire to get into these reopening stocks, the likes of travel companies, crows minors, airlines. we saw that pullback in your being trading and perhaps now getting back on zoom in tom, the state home exercising still going to be with us for the long haul. amber: people are getting stay-at-home another shot.

they are well off to their highs, both zoom and peloton. zoom is up 35% because even though we are kind of reopening, people are still using zoom and peloton is up 50% from those may lows. it is not looking like the reopening is black and white as perhaps investors have budgeted those particular stocks. caroline: maybe that is why it is a good time for a company betting on the virtual desire to go public right now. we are talking to beachbody that went public in a three-way merger. now a value of $2.9 billion. joining us now, carl daikeler, cofounder and ceo. congratulations on going public, a momentous event. i am interested on how you are placing yourself for the future. i used to be in the gym once a week. i used to love going to classes.

now, i am doing a yoga class with my husband on my floor watching television. how much is that going to remain the case even if we reopen? carl: honestly, you are still the outlier. the fact that you are doing it makes you different. there are 150 million in north america who are not being active and they are not watching with a. that is -- not watching what they eat. that is the market that beachbody has been catering to with home roker out -- home workout programs. what we do is help influence people who really, they do not have the time or inclination to go to the gym. this is a way for them to get a legitimate great workout with a, mentoring meal plan that comes with it so that they really get results. amber: let's talk about how this business works. caroline mentioned this is a three-way merger. you are getting the cash from

that spac, but you are merging with the company that makes fiscal equipment. is it like you are gluing together your own version of peloton? carl: for sure. peloton has done such an elegant job of showing that you can have that cycle experience at home. what we have found is that people do not necessarily want to compete on the leaderboard and mix created this ecosystem where people feel welcome. it is accessible at $600 than peloton. it is a commercial grade bike. what beachbody brings is an experience on the flat screen that is immersive in the full, with great music and that will launch in mid-september. we think we have something that the mass-market is really going to enjoy. connected fitness with a quality bike and great content. caroline: what beachbody also brings is their expertise in content. not only are you leaving the

business, you not only an influencer on the social media landscape, but the ceo of tiktok , an old disney executive. disney executives have been leading this company to going public. what does that mean from a board level and an executive level as to how you think you can make your voice is heard through the power of social media and content creation? carl: what incredible validation for a guy whose job at disney was to look for content that has long-lasting library value. they looked at beachbody and said this library is largely undiscovered, still has room to grow, and there are only 99% in north america. they said, we can scale this internationally. they continue to finance this incredible content, but now with a life experience called beachbody on-demand interactive with a connected bike that will

expand the whole ecosystem to the rest of this addressable market. some people said peloton for the other 99%. my perspective is his fitness for anybody who wants to absolutely get results -- it is fitness for anybody who wants to absolutely get results because we bring fitness and nutrition together. that is why it is so effective because people really get results. amber: let's talk about the user generated aspect of that because you have this beachbody program and as i was reading on it, it gives anybody the opportunity to build their own following and you guys would benefit from that, like a tiktok influencer, but for beachbody. on the other hand, they have to pay upfront to be part of this program, so it does have a multilevel marketing aspect to it. is that the right way to think about it, as an important growth channel for you? talking about how that recruiting network works for you guys. carl: i think the hangnail's of

multilevel marketing are different than the way we do it. these people did not have to take any inventory. we handle the transactions for them. what they are doing is they have experienced success with our programs. that inspires people on social media. when their hard work, when they do that hard work and lose 20 pounds and everybody goes, how did you lose the weight, they are creating demand for us. they deserve a share of whatever demand they created. all they do is send a link to their friends or family on social media and then people can order from us. now what they do is they run a group on what we call our bod group. in that group, they are giving them support to get results, and that is different in the whole ecosystem. we think cutting the customer in on the demand that they create with their hard work is just fair and that is what is so different about this. this lets people monetize their social media, helping people get

healthy results. caroline: quickly in that aspect, i am impressed. the beachbody foundation has contributed over $10 million to various organizations. what are you doing to celebrate in that philanthropic endeavor? carl: i am so proud of that. as we met officer jennifer maddox in chicago who is building a recreation center for kids and families on the south side of chicago. the beachbody foundation made a $1 million donation effectively celebrating our mission statement of helping people achieve their goals to live healthy fulfilling lives. beyond just the digital subscription business, but by giving the -- to the humidity of chicago to say you are seen. we have seen the leadership, we want to help you succeed. that is the health of this company. i appreciate you bringing up. -- you bringing it up. amber: thanks so much for

joining us. that is carl daikeler, the ceo of beachbody company. we will take a quick break. we have bitcoin on the rise. we will focus on what is going on with the cryptocurrency in latin america. very different dynamics there. we have the ceo and cofounder of valiu, making a push to use cryptocurrencies to bring financial prosperity to latin america. this is bloomberg.

♪ amber: this is "bloomberg markets." bitcoin is recovering, finding stable footing around these levels. we will talk about stability when it comes to cryptocurrency, particularly in latin america, which is no stranger to instability in various

currencies in the region. one man's mission is to change that with cryptocurrency. let's bring in simon chamorro who is the head of valiu. adoption and the way cryptocurrency is viewed in latin america, it is different than outside of latin america. it has a lot to do with its history with fiat currency. maybe you can paint a picture of what the adoption and attitudes are like right now. it is obviously a brought on today. you focus on venezuela. just some high-level thoughts there. simon: in adoption, when we look at latin america, the markets are traditionally used as sources of information for a lot of people. you also have the traditional exchanges and what is interesting, but different from the u.s. is that the adoption of

crypto happens two ways. for training that helps move money around, it is widely used for turning fiat into u.s. dollars and moving money into the united states through crypto. it is also used for an upcoming middle-class that is subject to volatility, depreciation, in countries like argentina and venezuela and people naturally want solutions. people want to find out more about what is out there and the trust barrier for entering and using crypto is lower in many cases, which is the exciting part about crypto adoption in latin america. naturally, stable coins are pegged to the u.s. dollar and people find stability in stable

coins so we think it is an amazing tool for helping people transition to the crypto space initially and then hopefully, teaching them more about bitcoin and other assets. amber: tell me specifically about how you are enabling this. one of the main friction points that remains with cryptocurrency is an accessible user interface that enables or fulfills whatever the promise is that cryptocurrencies have, the borderless, trust list financial assets. simon: that has been improving over the years. the entire industry has managed to understand that this is a key aspect. i would say that this is also an answer that has two sides because there are products where you can actually own your keys

to your own crypto. that is when the user experience gets more complicated. the type of people that tend to use these products are more financially educated, financially savvy, technologically as well. before the rest of the population, they are interacting with other type of products. what is interesting in our specific case is that our users and venezuela, what they care about is dollars. they do not care if it is stable coins. what goes a long way in terms of visibility is simplified how you can explain this to them and really showing the value propositions of accessing these cryptocurrencies and stable coins, such as how secure it is, how fast it is, the fact that you can trade it globally for very low fees.

that is what we have to highlight and that is what people care about. amber: only 60 seconds left. how horrible is adoption to a crackdown by government, particularly in venezuela? what have the attitudes been like? simon: it has been changing a little bit over the years. in 2018, we started getting polarized. it became widely adopted in venezuela through cash and other systems like the interbank app, paypal, venmo, which is used by more wealthy venezuelans, and even a bit of the middle class. this has brought a different mindset, a little bit more

capitalist mindset to the country. people want to work. there is new regulation happening. it changes all the time and it is changing for good. i am really excited because it is going to benefit a lot of people. caroline: thank you. amber: thanks so much for your time, simon chamorro of valiu. caroline: we don't want to miss the new bloomberg event. it is starting this wednesday. i am lucky enough to be hosting it. it celebrates the world's biggest thinkers, innovators, and celebrates solutions on agriculture, biotech. i'm caroline hyde. this is bloomberg.

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mark: i am mark crumpton with bloomberg's first word news. there has been no immediate reaction from iran to sunday's

u.s. airstrikes in iraq and syria. following talks in rome with his italian counterpart, antony blinken was asked about the u.s. action. >> with regard to the strike last night, at the president's direction, u.s. air forces conducted airstrikes in iraq-syria border region. they targeted groups responsible for recent attacks on u.s. interests in iraq. specifically, they targeted operational weapons storage facilities at two locations in syria, one location in iraq. mark: the u.s. said the airstrikes were aimed at deterring future attacks on u.s. interests in iraq where the u.s. is aiding government forces and efforts to defeat islamic state. 10 people are confirmed dead in the condo tower collapse outside miami. the mayor says more than 150 people are still missing as rescue