michael milken. remember him in the 90s?e was a real rock star when it came to backing small entrepreneurial ideas and companies and then became huge. now, he is all about doing the same for medicine did helping patient in funding research by teaming up with the national institute of health. major innovation coming from the private sector. you will get to sit down with him because i did. first, let's get to the new york stock exchange. losing the ability to shock the markets with the sound bite of the day. >> no progress whatsoever. a lot of that all weekend long. i thought maybe on the back of some of that, some of that political rhetoric, but, now, very low volume. keeping an eye on that. the market has not seen any major selloff here. maybe that is a positive. there will be a whole lot of the same if washington continues to come back with nothing. liz: volume has been below. lincoln. maybe i misspoke, actually. you see how the dow continued to do -- the grade. >> certainly washington has been the focus this week. what i t

we are talking to mike milken of the milken institute and dr. francis holland of the national institutes of health. you ow how painful heartburn can be. for fast, lg lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. liz: the biotech industry has been one of the bright spots in the u.s. economy. industry grew 6% compared to the 2.9% shrinkage in overall u.s. private sector jobs but going over the fiscal cliff could very well derails this massive growth engine and stahl research of potential life-saving drugs. i sat down with two of the top mined in the country, mike milliken of the milken institute and dr. francis collins, director of the national institutes of health and asked how damaging a hit this industry would take if we don't get our fiscal house in order. >> the office of management and budget estimates that would lose $2.5 billion of research money on january 2nd. of we go over the cliff

milken says you have a lot of research resources. have the beach and yosemite, and it's not all about taxes. >> i think i'm in the 60% tax bracket, i figure, between federal and state. it's something i have to deal with and figure out how to operate more effectively. >> is that fair? >> i think what's the question is fair. i think as long as you have tubt r opportunity, the number one issue i don't believe is the level of taxes, it's are you business friendly. can you open? can you be responsive to business? >> private sector jobs must stay here. we're not taking any out, but we need to have incentives to have the growth of the companies that are here over the next ten, 15, 20 years, keep their jobs here. we need to work on that. it won't be perfect, but we'll get a lot of them. if we keep them here, it will absorb our work force and the private sector will grow, because for the state to be healthy, the private sector has to grow. >> now, milken says the democrats now hold all the cards in sacramento, and more taxes, which they could

the stores and restaurants that populate most of our nation the vulture capitalists like romney and milken got rich the rest of us were and are screwed and then finally there's president obama and if you think i'm exaggerating by putting obama into that group of very consequential presidents listen to a conservative bill kristol had to say on fox news. but there is a very good chance that he will pass major consequential legislation in a second term people like me won't like it that much i think republicans will have to get in much more than they think he won reelection he's for president in the last century when more than fifty percent of the vote twice roosevelt eisenhower reagan and obama it pains me to say that to put him in that can do that with his other three but it's a fact. obama is one of only four presidents in the last hundred years to get this sort of landslide mandate and i'd say it's because people would very much like to go back to the policies of democratic f.d.r. and republican eisenhower rather than stick with the reaganomics revolution we've been suffering under for the

reagan has tripped off the deregulation mania the michael milken and all these amany artists all this stuff and free trade policies in the ninety's under bill clinton when he signed the general agreement on tariffs and trades created the world trade organization signed nafta it all opened up the game board for these transnational corporations to feast on even more industries both in the united states and abroad. out of this the few strong survive and have enormous power to fix prices for consumers the inventors of monopoly were right about what happens when one person ends up owning all the railroads or all the utilities or all the apartment buildings prices go up and it's scary the more profits these companies begin extract in wealth from their own workers cutting their salaries and their benefits and like broke monopoly players real world consumers can't afford to pay their mortgages put gas in their car or buy groceries in the game world the corporate masters when. but in the real world they eventually lose like the rest of us corporate masters seem to have forgotten they depend on

. >> milken had theater owners to your list of twilight series fans. if this is the final series. the stock price soaring. let's take a look at the scenes from the movie. the total ticket sales rise when the industry has been struggling. this is done about it goes to the movies and more. the popularity it with the eye patch and everything is hurting the industry. they're opening week was a hundred and $41.3 million. this is the fourth them this year to break the 140 million mark. >> the timeout is 6:12 a.m.. >> we are back. we have some video of the long lines that we solve both saturday and sunday. airport officials say is that this will be the busiest on record. this stated that they will have a lot of passenger is going through. this is a lot of people and a lot of them will be standing in line for a lot of minutes if not hours try to get through security. they stated that you should give their and to know that that will happen. >> you should try to get here early in be prepared. >> if you do this and you think ahead then you will be able to deal with it. >> sometimes people on

. -- >> with milken cookies of course but what is so great is how it is no discrimination and the girland it is career and the girl can go into -- girl scouts. i even received a right teenraiding bac riding writing badge of honor. >> i met with people that were top of their field and media, marketing, math, science, technology. and i knew how to ask them that your job sounds really interesting what did you major and? wright 82 ambition. >> correct. and it teaches ambitions and it teaches girls connecting with mentors that they do not have to know exactly what they want to do today. most women have curving career paths on where they have ended up but the willingness to step up with character into the deep end and i think they hear over and over to be strong, beat courageous and follow your dream. that is really important for them to hear. the car reaches. >> that is what we be courageous. >> loved it! hats off here is how you can be part of the photo contest until december 17th. they get a billboard ad and scholarships. for more information go to got to melt .cogot milk .com/news. thak

i gave another speech just this week on the golden state at the milken institute where we talked aboute restore the luster of the golden state. it means you have to make investments, too. there is a path forward where you cut duplication, you cut red tape, you make sure the programs are efficient. you have a metrics driven effort to measure the success of programs. but you can't decimate these programs. so, yes, we do need to highlight what's going on in california because i'll tell you, we shouldn't be proud of having a poverty rate that high. >> mayor villaraigosa, thank you so much. appreciate it. >> thank you for having me. >>> still ahead this morning on "starting point," this. emergency talks happening right now to try to stop the bloodshed between israel and gaza. both sides refusing to back downright now. we are live in gaza with anderson cooper at the top of the hour. >> he's been talked about as a future presidential candidate for the gop. so why is louisiana governor bobby jindal saying his party needs to stop saying stupid needs to stop saying stupid things? -- captions by