caroline: we are going to bring you live pictures of president biden in florida after the tragic events of the collapse of the miami beach building. let's listen in. >> rubio and scott, congressman debbie wasserman schultz. they have all cooperated in ways i have not seen in a long time. it is a testament to what -- how difficult things are down here. it is what quite frankly we miss a lot. we have all been working in

tandem from the moment we got the news of the collapse of the building. i think my colleagues will tell you we cut through the euro chrissy -- the bureaucracy. one order i gave the federal folks was no bureaucracy. get to whatever they need. that is why we decided to cover 100% of the search-and-rescue caused for the first 30 days -- search-and-rescue cost for the first 30 days. necessary in my view. fema is going to provide temporary housing and other urgent needs for the survivors. state department is expediting visas for family members from other countries from latin america, south america, europe, israel. i want to give a special shout out to first responders. international association of firefighters, one of the best organizations in the country. i particularly want to thank the

president that came down from boston. he is here from the entire group. these folks are always showing up no matter what. they are risking their lives. there is that old expression. i know the press that travels with me is tired of hearing me saying it. god made man and then he made a few firefighters. they are remarkable people. they are always risking their lives to save lives as well as the police and other first responders. i got to meet with a whole bunch of them. we are able to deploy nearly 500 personnel including five other search and rescue teams on the ground today here because of our fema director. i want to complement fema and i might add all those folks risking their lives save lives but also holding out hope for those to be found. hope springs eternal.

when i talked to those first responders, i pointed out they are under a great deal of stress and we should -- and they should take advantage of the mental health facilities that are going to be available. we talk about our military suffering from posttraumatic stress. seeing what they are seeing, doing what they are doing, understanding how much trauma is involved, i don't want them thinking they should walk away from help. they stand together. it is really impressive. there is also the need in addition to state and local assistance to determine the cause of this collapse and the adjacent buildings, how safe they are. two outstanding concerns. first, the remaining links may collapse. the remainder of the building may collapse. we need to determine if it is safer first responders to continue their rescue mission. that is being done right now. that is why i asked the national

institutes of standards and technology to investigate to see if it is safe to go back and what caused the building to collapse in the first place. we are committed to not only recover but to restore the safety across the board. the other reason i came down was to meet with the families. the whole nation is supporting these families. they see it every day on television. they are going through hell. those who survived the collapse as well as those who are missing loved ones. i realize i am a little late because i spent a lot of time with the families. a whole lot of time. i apologize for taking so long to get here because i thought it was important to every single person who wanted to speak to me. after you all covered when i opened up the meeting, i spent the remainder of the time and --

such incredible people. i sat with one woman who had just lost her husband and her little baby boy. did not know what to do. i sat with another family who lost almost an entire family purity cousins, brothers, sisters. to watch them and them praying and fleeing, -- and pleading, let there be a miracle. i have some idea of what it is like to suffer that kind of lost so many of them are suffering. they had basic heart wrenching questions. leigh be able to recover the body of my son or daughter -- will i be able to recover the body of my son or daughter, my cousin, my mom and dad? how will i have closure without being able to bury them? jill and i want them to know we are with them. the country is with them. our message today is we are here for you as one nation.

that is the message we communicated. we'll be in touch with a lot of these families continuing through this process. there is much more to be done. we are ready to do it. again, i think the governor. i think my -- i thank the governor. i thank my colleagues, senator scott and senator rubio. i thank debbie wasserman schultz for their total complete cooperation. there is no disagreement, no bickering. everyone is on the same team cared it is what america -- on the same team. it is what america is all about. it is about pulling together. that is the one thing that made me feel good about this. the cohesion that exists. there is no democrat or republican out there. there are just people wanting to do the right thing for their fellow americans. may god bless the victims and their families.

may god protect our first responders. i will take a couple questions right now. >> what were you told today about the likelihood that somebody will be able to be pulled out alive from this and what were you able to convey to the families about that possibility? >> look, first of all, the families are very realistic. they know the longer it goes, one of the things that the local fema personnel as well as the local first responders did was they took all of the families to the site to see what it looked like up close. they are all realists. they all look and they see those stories. cement upon cement. when i talked to some of the

families, some of the people who did escape, got out, they talked about watching the building collapse and watching as they were in the garage one floor come down, the whole floor on top of another four. they know the chances are as each day goes by diminished slightly. at a minimum, they want to recover the bodies. they want to recover the bodies. there are a lot of religious people who are in there. the rabbis in the jewish community was talking about the need to make sure they recover the body to be able to bury them . anyway, so i think they are very realistic. but i don't think that in any way suggests we should stop. i think we should move on. continue to try to recover the bodies. in the meantime, that is why

others are determining whether it is safe to send the first responders back. i pointed out the last thing they would want and we would want is in the process of trying to recover -- there is still a possibility someone could be alive, someone could still be breathing, someone could be there -- the last thing you want to have happen is have that link collapse and kill 10, 20, 30, 50 firefighters or wound them or first responders. they are realistic. it brought back so many memories. it is better enough to lose somebody -- it is bad enough to lose somebody but the hard part, the really hard part is to not know whether they are surviving or not. do not have any idea -- to not have any idea.

the accident that took my wife and my family, the hardest part was, were my boys going to get out? were they going to make it? not knowing. flying home from washington to get the news. you just don't know. i was amazed. as you know unfortunately, i have done a lot of these circumstances where i have met with families who have had great loss. what amazed me about this group of people was the resilience. their absolute commitment, their willingness to do whatever it took to find an answer. i walked away impressed by their strength. nancy ed bloomberg.

do you have a question -- nancy at bloomberg. you have a question? >> what did you learn if anything about the collapse of the building? >> it is underway. the director of fema is with me. we do not have any firm proof of what has happened. there are all kinds of rational speculation about whether or not the rebars were rusted, whether or not the cement, whether there is limestone or not. a lot of the families who survived talked about how upset they were that in the last years and they have been here, -- years they have been here, how there was one condominium complex built across the street and a road was purchased and while they were living there, they would hear them drilling and they would feel there

eir building moving and shaking. there were all kinds of discussions about whether or not they felt water level rising, what impact it had. interesting to me, how many of the survivors and how many of the families talked about the impact of global warming. they talked about sea levels rising and the combination of that and the concern about incoming storms, incoming tropical storms. i don't think there is at this point any definitive judgment as to why it collapsed and what can be done to prevent it from happening and what other buildings may have to be inspected to determine if they have the same problems. i am supposed to head out and catch up with the governor. i want to thank you all for taking the time.

>> and associate of the former president has been in new york court pleading not guilty to various financial charges. you have a reaction to that? the supreme court ruling today on an important voting rights decision adds to the censure of -- to the sense of urgency you feel to voting rights? >> i know nothing about the first circumstance because i have been gone. i am not going to comment on that. even if i did, i would not comment on an ongoing case if it is an ongoing case. with regard to the second point, i think i did get a summary on the way down on the plane of the supreme court decision. it is mildly positive in the sense there is a remedy available based on the particular voting decision. i think that it is critical that

we make a distinction between voter suppression and suspension. the ability of a state legislative body to come along and vote, the legislature vote to change who is declared the winner. i find it to be somewhat astounding. but the supreme court ruled -- did not rule that way today to the best of my knowledge. i will have much more to say to that because i plan on speaking extensively on voting rights and going on the road on this issue so thank you all very much. caroline: president biden delivering remarks on the surfside building collapse in miami, florida. deeply emotional event. a man who knows loss in his

family speaking to those who have lost numbers of their family in the building collapse. many worried in miami about the safety of their own condos and buildings. a lot of investigations still to be done. lawmakers working together in a bipartisan approach here. we are going to stick with politics. we are going to stick with what happened earlier. a landmark agreement, a global agreement being ironed out by the oecd, a global tax overhaul being endorsed by 130 nations as deal seemed to be getting closer for the corporate tax rate to be raised, to be agreed at at least a 15% rate. let's talk to the deputy national security advisor. a man who knows intimately -- a man who is working toward this global tax rate. i am interested about the holdouts here. i know one of them well. ireland.

i spent plenty of time going to ireland for various technology events because they build a real ecosystem there based on a lower than average tax rate. the finance minister in ireland still want to see a 12.5% tax rate for that nation. what you think about the holdouts? >> lies to be with you. let's first -- nice to be with you. let's focus first on what this a compliment represents. if we step back, we are living in a world in which capitalism and companies can shift their headquarters to a new location at the shift of a button. what that has created is a destructive race to the bottom on tax rates that has deprived countries all over the world of tax revenues they could invest in childcare, health care, education, broadband and it has put the best majority of the burden on states.

there are some countries that have yet to sign up to this deal. this is more than 90% of global gdp. this is 130 countries. when was the last time wonder 30 countries signed up to anything much less tax? it is a big deal. joe: what is the timeline or maybe the path between people can get together and agree on something to turning into something that actually becomes law in the united states and elsewhere and something companies have to think about in this new global tax regime? >> today was a critical step. it was an agreement in principle . the next step is to go to the g20. i the end of october, g7 leaders will gather in rome. they will endorse this agreement. from there, we will get into the implantation. the oecd announced to the framework provides for implementation to happen through 2022 and in 2023 through domestic legislation and multilateral arrangements.

caroline: it is so interesting as to how this might be implemented. the ramifications of the largest countries -- largest companies. some that might have benefited from moving where they are taxed the most. do you think this will force everywhere to get on board? every time we have a new rule, it is as if companies find the most obvious ways of moving around it in a legal fashion. how do you avoid that? >> we are talking about an agreement more than 90% of gdp will be accounted for. in the oecd framework and the administration's tax report -- tax proposals, they're going to be strong incentives to prevent companies, multinational companies from continuing to locate in tax havens. i'm talking about is the removal of tax deductions that multinationals currently benefit from when they are in low tax areas.

once you have 90% of the global economy on board, the rest have a strong incentive to follow. joe: what do you see as the goal of this? suppose all this two ends implementation. -- all this does go into implementation. what has been achieved? >> this is fundamentally about changing the nature of competition in global economies. instead of companies competing based on locating in a tax haven, now they are going to compete based on their ability to innovate, their ability to hire workers with skills and ingenuity, their ability to produce products that could be sold over the world. i like our chances in that competition. for us, this is about having self-confidence in who we are in our economic model and how we can compete in the global economy. caroline: as we know, the u.s. treasury secretary calling it an

historic day for economic diplomacy. what are the carrots rather than the sticks you can provide to countries that perhaps do not have the natural gifts united states has in terms of living conditions? i am from abroad. i wanted to come here to america to live, to work, to love. other countries do have to compete by using such incentives as lower taxes. what gets them there? what you think is the carrot you can wave to? >> we are all made worse off by this destructive race to the bottom. currently, we collect as a share of gdp only about 1% in corporate tax revenues. corporate tax revenues represent less than 10% of federal tax revenues. that is not just unique to the unit's states. any countries are seeing any erosion of the tax -- and erosion the tax base. more than 80% of federal tax

revenues in the u.s. are raised from labor. that is an imbalance we want to correct and other countries all over the world have an incentive to correct. the carrot is we will all have more resources to invest in ourselves. we have structural problems we want to address. extreme inequality. climate change. falling labor force participation. many countries share these same problems. we need resources to deal with these issues. this is a step toward providing these resources and investing in our renewal. joe: really appreciate you joining us. the deputy national security advisor. this is bloomberg. ♪

joe: tomorrow is the u.s. jobs report. joining us for insight, the chief economist at up work.

we have had two straight months of disappointing job creation. various theories for why. after all this time, after all the information we have gotten, what is your number one theory for why the pace of new jobs has not been as fast as people expected in march? >> i think it is a bunch of things driving it, but the one that is going most unappreciated by economists and policymakers i think is still ui. you hear a lot of this misses complaining about ui. i think it is being diminished relative to other explanations right now. i think that is not deserved. caroline: as we see that coming to an end, the floodgates open? will people -- will floodgates open? >> there are definitely frictions that remain. we still have six or 7 million people that lost their jobs.

that kind of recovery takes time. there is a speed limit on the economy. i don't think this be limit is below a million jobs. i do think when you get rid of some of those temporary constraints, just like jerome powell said months ago, we should be heading multi-months in a row of a million jobs. joe: with the ui explanation, some data has shown in the places where ui, where the expansion has gone, what is the data in your view that points to than as the issue? -- to that as the issue? >> if you look at the replacement for what unemployed workers are getting, half of them are getting more by not working. it is basic labor supply and demand. you are seeing constraints in low-wage set or show up in terms of fast wage growth, -- low-wage sectors show up in terms of fast wage growth. people were saying if we had

shortages, all this data would be showing it. then all the data started showing it. caroline: wish we had more time. the chief economist of upwork. joe: bloomberg technology is up next. have a great evening. this is bloomberg. ♪ [ "me and you" by barry louis polisar ]

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>> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco and this is bloomberg technology. coming up, robinhood files to go public and lots of revelations. massive losses in