and next door ceo and cheg, dan wright a veteran of technology. and thank you for joining us. dan, you and i talked about the start up roll. i want to get your take. give us the 30,000 feet. you've started companies. you ran yahoo and seed money from large companies go into some of these emerging names. what's going on today? >> yeah, it is an interesting change in silicon valley. faang as they call it. you have bigest companies in the world. but there are amazing start ups that take their time and thesis are three of them that are thinking much bringing hundred year companies and not flipping them. and building audience and brands and business models. that's not what we saw ten years ago. what is clear to me smart money is going deeper, and deeper in fewer companies that create mass evaluations and i have a chance to know the founders and amazed by the long- term view. you are seeing a shake out of the winners and the losers and that is a good thing. >> maria: you make a really good point. what we are saying is all these large companies, you see faang, facebook, amazon, netfli

and next door ceo and cheg, dan wright a veteran of technology. and thank you for joining us. dan, you and i talked about the start up roll. given at 30000 feet. you ran yahoo and started companies and seen the money goes into these. what is going on today. >> yeah, it is an interesting change in silicon valley. the big guys broke away. you have bigest companies in the world. but there are amazing start ups that take their time and thesis are three of them that are thinking much bringing hundred year companies and not flipping them. and building audience and brands and business models. that's not what we saw ten years ago. what is clear to me smart money is going deeper, and deeper in fewer companies that create mass evaluations and i have a chance to know the founders and amazed by the long- term view. you are seeing a shake out of the winners and the losers and that is a good thing. >> up are making a good point. all. larming. fang. and facebook, and net flix and geemg. they have their own investing. forget private equit ep and you are a beneficency because disney invested in

and next door ceo and cheg, dan wright a veteran of technology. and thank you for joining us. dan, you and i talked about the start up roll. i want to get your take. give us the 30,000 feet. you've started companies. you ran yahoo and seed money from large companies go into some of these emerging names. what's going on today? >> yeah, it is an interesting change in silicon valley. faang as they call it. you have bigest companies in the world. but there are amazing start ups that take their time and thesis are three of them that are thinking much bringing hundred year companies and not flipping them. and building audience and brands and business models. that's not what we saw ten years ago. what is clear to me smart money is going deeper, and deeper in fewer companies that create mass evaluations and i have a chance to know the founders and amazed by the long- term view. you are seeing a shake out of the winners and the losers and that is a good thing. >> maria: you make a really good point. what we are saying is all these large companies, you see faang, facebook, amazon, netfli

wright. >> good morning paula and dan. the high flying cabinet secretary is now permanently grounded as the president was not too happy with tom price's frequent flyer status. the question now has a dprents been set. >> reporter: this secretary tom price's wings are clipped. snapshots like these didn't exactly endear him to his colleagues at health and human services whose budget he was proposing to slash. price had flown to europe on official business with his wife aboard a plush gulf stream five operated by the u.s. military one of dozens of chartered trips that cost the tax payers more than one million and ultimately cost price his job. >> i'm disappointed in him, but he's a good man. >> reporter: so trump's budget director fired off this memo reminding agency heads they should recognize we are public servants any penny we spend comes from the tax payers. price is the highest rank trump official to turn in his beige. >> clearly we got -- we weren't sensitive to the tax is why i've taken the actions i've taken. >> report

david wright has been surveying the damage. >> reporter: good morning, dan. here. even giant cruise ships like this one pitching in. royal caribbean "majesty of the seas" just back from a relief mission to st. thomas and st. maarten. bringing supplies in and people out. a flood of people desperate to leave st. maarten. at the island's main airport, the terminal is not safe. so the departure lounges, such as they are, are tents propped up in the parking lot. country by country with duct-taped flags and plywood signs. >> i'm here since 5:00. >> reporter: it will likely take months to restore water and power to much of the island. irma ripped off the roof of this power station and destroyed several of the island's water tanks, too. only this weekend did gas stations and banks open briefly. >> the government and >> reporter: like many islands, st. maarten relies on tourism. upwards of 90% of the economy is tourism-based. but just look what hurricane irma has done. all of these buildings are hotels. none of them will open any time soon. among the passengers boarding the

dan today and the president accepted. the president intends to designate don j wright of virginia to serve as acting secretary ."icials using private planes including scott pruitt and treasury secretary steven mnuchin. >> this is something taxpayers should worry about. it's not just this money that's involved but we're talking about people who are making decisions about spending billions of taxpayer funds. >> reporter: secretary price offered to repay some of the costs for his private travels but his second public apology in less than a enough to save his job. >> there will be no private air charters at hhs going forward. second is to cooperate fully obviously with the inspector general. there's a review going on. >> now, the white house is going one step further and budget director mick mulvaney issued a memo to members of trump's cabinet outlining rules for travel. it says any flight aboard a government or charter plane must have prior approval of the white house chief of staff. meantime three other cabinet members scott pruitt steve mnuchin and ryan zinke are also being looked at for private travel on the tax