glenn hutchins: we don't. can you take that technology and turn it into a solution that solves an important customer problem and allows you to build a problem around it? are you going to be pets.com or google. i think it's very, very important for this to work inside the framework. if you go back to the early days of the internet and computer technology there was pie in the sky thinking this would get rid of commerce step it's always been out there as a parallel thread in technology. but the banks as regulated entities, deposit-taking, lending organizations will always be bulwarks of the system. the bitcoin technologies will allow us to address the parts of the businesses that aren't in that regulated sector. payments, remittances. they can work in collaboration with the regulated parts of the industry to become a part of legitimate financial system. maria: i think part of the reason bitcoin sold off is people are worried about heavier regulation. people say why would i tone one of these crypto currencies when

glenn hutchins: they had very few. they built a phenomenal business and we are pleads to be their partners. then we are building up three or four other of those platforms such as software payments, and other verticals like that. the idea it's not a private equity fund, it's five separate companies we'll hold and manage, operating at scale at the intersection of financial services and technology. maria: when you look at the industry, financial services and technology, how does it change in the coming five years? tell us how it grows. glenn hutchins: there are massive changes. induced mostly by technology. so financial services has from the beginning of time been an industry most of susceptible to technological disruption. almost everything it does can be digitized. so the -- now with this massive pace of technological change, where you have the mobility, it's a lot of things people do in terms of their financial services can be done on these devices. where you are introducing artificial intelligence and later quantum co

glenn hutchins is my special guest. but first connell has the headlines. reporter: markets reaching another milestone with the dow closing above 26,000 for the first time ever. the dow surging more than 300 points thanks to better than expected earnings from the likes

glenn hutchins is my special guest. but first connell has the headlines.r: markets reaching another milestone with the dow closing above 26,000 for the first time ever. the dow surging more than 300 points thanks to better than expected earnings from the likes

then conversation this morning, ceo deloitte kathy engelbert with me chairman of north ireland glenn hutchinsthe kitchen big green square roots musk with us president of princeton university christopher eisgruber. >> stuart varney as well. >> don't miss a moment a a deal reached after three-day shutdown government u.s. reopened for business president busy with issues new tariffs to promote america first trade policy, blake burman live at white house with all the details, blake, good morning to you. reporter: maria good morning to you as well president trump cell bra for once broke on capitol hill tweeted out from white house big win for republicans, as democrats cave on shutdown, now i want a big win for everyone, including republicans, ghademocrats daca especially for great military and border security should be able to get there see you at the negotiating table yesterday chuck schumer tried to paint this president as a passive witness to the negotiation but the white house says president trump got exactly what he want wanted. >> white house refused to engage in negotiations over the weekend

glenn hutchins talking to maria bartiroma on wall street week about how the tax law will affect stocks in the short-term to be concerned about valuation but if you look at valuation over a longer-term time period, they are very high right now and there is potential of moving into that territory. ♪ >> together we will make america great again. >> you want to start making our products again to we don't want to bring man, we want to make them here. the united states will withdraw from the paris climate record. it is up to us to get great health care for the american people. we must repeal and replace obamacare now. together, let's cut the red tape. let's set free our dreams and let's make america great again. 123. [applause] >> with further amendment the tax-cut and jobs act is passed. >> if you have any stock at all, watch this now. we are up and running, it is thursday, there you go. 35,000, thanks very much. let's see what happens, 996, of 190, we just hit it. stuart: you like that? donald trump's greatest hits from his first year in office. come on in, larry, nationally syndicated tal