milken of the milken institute when "squawk alley" continues. don't go away. basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> hi, everybody. i'm sue herrera. international court prosecutors say a preliminary probe indicates members of the u.s. armed forces and cia may have committed war crimes by torturing detainees in afghanistan. they say they will decide soon whether to seek authorization to open up a full scale investigation. >>> united air will start selling lower basic economy seats in order to boost profits. flyers will not be able to pick their seats and will be limited to a single carry-on bag that has to fit under the seat. they will also be the last to board. seats will be sold in january for flights after march. mazda recalling cars in the u.s., possible fuel leaks that cause fires, 2004 to 2008 model years. >>> mcdonald is now testing a siracha big mac in the columbus,

. >> you may not have heard of michael milken, but this 40-year-old wall street whiz is said to be then america. he brought respectability to low rated junk bonds and used the money to finance corporate raids and takeovers, without mike milken, pickens couldn't have raided golf. unical and. >> he said if you really want to take over gulf, it's going to cost you $13 billion. i said yeah, i get it. and he said, i can get the $13 billion. >> he's the guy that pickens goes to and most people haven't heard of him. >> that's the way he likes it. he doesn't care about publicity and pride. he just cares about doing deals and having power. >> he was this shadowy figure howard hughes like figure, those of us in the press never saw. you just heard. it was milken's genius that created an entire market and fueled this takeover phenomena. >> we romanticize these characters, but these are fat cats, first cousins to the financial manipulators, the robber barons of the late 19th century. >> >> they're trying to make a buck by doing nothing and putting people out of work. >> economists agree that some u

. >> yeah, you went after the mob, a number of -- >> you became friends with milken, right? >> we are good friends now and i believe milken is an excellent candidate for a pardon. >> wow. >> and that's based on the good works that he's done after his conviction. this is a case of a guy who learned his lesson and has really helped society. >> all right. thanks. he was the junk bonds guy. he does a lot of charity. >> and i know a few others like that. you and i are catholics and we know that people can redeem themselves. >> absolutely. >> some people can't. >> right. >> some people can and you got to know how to distinguish between the two of them. >>> up next right here on "hannity." >> real change begins with immediately repealing and replacing the disaster known as obamacare. >> obamacare, a big fat government lie to you the american people. donald trump told you he will repeal it. he'll replace it. how does he plan to do that. we'll check in with ben carson. >>> later tonight we speak with laura ingraham, reince priebus and much more. process. now back to "hannity." >>> re

. >> yeah, you went after the mob, a number of -- >> you became friends with milken, right? >> we are good friends now and i believe milken is an excellent candidate for a pardon. >> wow. >> and that's based on the good works that he's done after his conviction. this is a case of a guy who learned his lesson and has really helped society. >> all right. thanks. he was the junk bonds guy. he does a lot of charity. >> and i know a few others like that. you and i are catholics and we know that people can redeem themselves. >> absolutely. >> some people can't. >> right. >> some people can and you got to know how to distinguish between the two of them. >>> up next right here on "hannity." >> real change begins with immediately repealing and replacing the disaster known as obamacare. >> obamacare, a big fat government lie to you the american people. donald trump told you he will repeal it. he'll replace it. how does he plan to do that. we'll check in with ben carson. >>> later tonight we speak with laura ingraham, reince priebus and much more. somehow it felt like everything was mo

. >> what will michael milken be hearing a lot of in jail? [ laughter ] over the lips and through the gums. >> over the lips >> what's the worst place to attach your suspenders? [ laughter ] carnac, headed right into pakistani porta-potty. [ laughter ] ding dong dell pushes in the well. [ laughter ] what won the grand prize this week on "america's funniest home videos?" [ laughter ] freddy explaining it to peter. [ laughter ] he understands. >> he understands. >> where jimmy hoffa-- [ laughter ] ahh. [ laughter ] >> we have several more to go. [ laughter ] [ applause ] >> to hell in a hand basket. what's the next place ernest should go? [ laughter ] [ applause ] hair trigger. >> hair trigger. >> what did germans called roy roger's horse? [ laughter ] little hand is on the seven. describe an evening at snow white's house. [ laughter ] c'est la vie. [ laughter ] [ applause ] the infinity. >> the infinity. >> ah, shut up. [ laughter ] where does the needle stop on dom deluise's bathroom scale? [ laughter ] [ applause ] buttercup. name something

mike milkens runs this conference. we sat down with dr.hope there could be support for science-funding in the u.s. because he said it's a bipartisan issue. >> it's also a great stimulus to our american economy and has allowed us to be the leader of the world in this area, which has all kinds of other spinoffs. so it's such a great case to make. i'm not particularly concerned changes in political leadership put this in jeopardy. we all kind of agree. >> he pointed to the fact the nih budget, while it has been squeezed, academic scientists have been growing over the recent years. he and mike milken emphasizing the fact there shouldn't be interruptions. it doesn't happen in long-term projects. and a lot of people are looking to policy position. two things that relate to the drug street and science. informing the fda to put focus on new and medical innovative projects. >> does any of that sound like he's going to shut down science funding? >> that in and of itself -- republican-controlled congress is there hostility. >> we have the budget over

. >> reporter: the annual conference run by businessman mike milken's aims to bring industry, nonprofits others together to accelerate research into cures. >> we're in the golden age of science where we can provide personalized and pre-session medicine to everyone. >> reporter: the transition comes at a time funding for science already has been tight. >> we lived through a very tough period from 2003 to 2015, and lost more than 20% of its purchasing power based on flat budgets, inflation eroding and the horrible thing called the sequester, which took away more than $1.5 billion in one fell swoop. >> reporter: dr. francis collins, says the u.s. has turned a corner on funding, increasing the nih budget by 7% this year. conference attendees today stressed the importance, with many drawing clues from a policy section on his website. >> bullet number three was advanced innovation in health care research and development. and so we don't know what that means at this point. we'll battle over the next few weeks and months. but that's still encouraging that that was a topic here type of effort the

and a fellow at the milken institute and his work on the concept which essentially is mortgage for medicine i think going forward we don't have to view the solution to the problem of price of drugs by simply looking at price controls but rather look at innovative other ways illuminate the burden on the patient reconfigure our system. i'm optimistic that we have an open space here that we as a community ought to contribute to and help this administration defined as the solutions. >> one more perspective and keep you are out there working with clinical trials and seeing some of the research being done. what is your perspective on what has happened in the past week? >> there are causes for concern space on what we have heard in the campaign about evidence-based decision-making and what the particular foci should be that this is not a time for trenching and on those concerns as opposed to really finding the right people to sit down and talk with and coming out of transition. newt gingrich is a great example and beginning to educate the administration about the potential opportunities for the ad

. >> what will michael milken be hearing a lot of in jail? [ laughter ] and through the gums. >> what's the worst place to attach your suspenders? [ laughter ] carnac, headed right into pakistani porta-potty. [ laughter ] ding dong dell pushes in the well. [ laughter ] what won the grand prize this week on "america's funniest home videos?" [ laughter ] freddy explaining it to peter. [ laughter ] he understands. >> he understands. >> where jimmy hoffa-- [ laughter ] ahh. [ laughter ] >> we have several more to go. [ laughter ] [ applause ] >> to hell in a hand basket. what's the next place ernest should go? [ laughter ] [ applause ] hair trigger. >> hair trigger. >> what did germans called roy roger's horse? hmm. little hand is on the seven. describe an evening at snow white's house. [ laughter ] c'est la vie. la vie. [ laughter ] [ applause ] the infinity. >> the infinity. >> ah, shut up. [ laughter ] where does the needle stop on dom deluise's bathroom scale? [ laughter ] [ applause ] buttercup. name something worn by an athletic cow. [ laug

the milken institute hosted the event in new york city. >> thank you for being here. regardless of your politics ii think it is safe to say this past week has been a little tumultuous. for policy. i think think either way, no matter who won theand c. election healthcare issues would have been front and center. you can imagine that were hillary clinton is president-elect of having a panel on the drug pricing crackdown. instead because donald trump is our president-elect the new hasd been dominated with talk of obama care repeal. some of the issues most important to the sector have been a little over shadow. foris me me selfishly this is a treat, i've had my head down and with what the epa's first steps is gonna look like. i'm curious to know what happene for the sector by bright experts to talk to that this morning. i think we will start is this, sitting in this room we are 1 mile exactly from trump tower. if i l i looked on google maps, maybe maybe apple maps has a slightly different calculation. tom trump tower has 58 floors. for the sake of argument will say it take

a fellow , at the milken institute and his work on the concept which essentially is mortgage for medicine. i think going forward we don't have to view the solution to the problem of price of drugs by simply looking at price controls but rather look at innovative other ways to eliminate the burden on the patient and reconfigure our system. i'm optimistic that we have an open space here that we as a community ought to contribute to and help this administration to find those new solutions. >> one more perspective. you are out there working with clinical trials and seeing some of the research being done. what is your perspective on what has happened in the past week? >> there are causes for concern based on what we have heard in the campaign about evidence-based decision-making and what the particular foci should be. i think this is not a time for trenching in on those concerns as opposed to really finding the right people to sit down and talk with and coming out of transition. newt gingrich is a great example . and beginning to educate the administration about the potential opportunities for

captions copyright national able satellite corp. 2016] >> this is part of a conference hosted by the milken ininstitute in new york. >> thank you all for being here and regardless of your politics i think it's safe to say this past week has been a little tumultuous. and i think either way no matter who had won the election health care issues would have been front and center. you can imagine that where hillary clinton is the president-elect and we are having a panel this morning on the drug pricing down. instead because donald trump's or president-elect the news has been dominated. good news has been dominated with talk of obamacare repeal and some of the issues that are most important to this sector have been overshadowed so for me selfishly this is a tree. i've had my head down and what the eta's next steps will look like but i'm curious to know what happens to the sector and experts will talk it up this morning. what i think i would like to start with is this. sitting in this room we are one-mile exactly from trump tower. if i looked on google maps may be apple maps with a slightly differ

that event hosting by the milken industry in new york. you can see that on c-span 2 at 8:00 eastern. >>> this weekend on "american history tv" on c-span 3, 7:00 eastern, president lincoln's cottoco cottage about lincoln's general wives for better and for worst. >> you can see too that women have a means of reenforcing either the best in their husband or the worst. and that's what this study is. >> then at 10:00, real america, the 1950 film, america frontier. >> the production office at willston and then to oklahoma. day and night, our telephone board was lit up like a christmas tree. calls from new york, california, houston. bit by bit, we began to realize how big a thing this was. >> the film promoted the financial benefits for farmers of leasing land for oil exploration and was funded by the american petroleum institute. sunday morning at 11:00, panelists discuss novelist and social activist, jack london and his call of the wall generations of western novelist and writers. >> he always looked back to the natural land, to his ranch, the

john fort, kayla tausche and nick milken joins us. from our interview with ceo jeff

that event hosted by the milken institute in new york on c-span2. >>> this weekend on american history tv on c-span3, saturday evening at 7:00 eastern from president lincoln's cottage in washington, d.c. we'll have a conversation with candace shy hooper about her book "lincoln's generals' wives." >> so you can see too that women have a means of reinforcing either the best in their husbands or the worst, and that's what this study is. >> then at 10:00 on "real america," the 1953 film "american frontier." >> they flashed the word from the field to the office in willisston and then to the central office in oklahoma. day and night our little telephone board was lit up like a christmas tree. calls from new york, california, houston. bit by bit we began to realize how big a thing this was. >> the film promoted the financial benefits for farmers of leasing land for oil exploration and was funded by the american petroleum institute. sunday morning at 11:00, panelists discuss the life and legacy of novelist, journalist, photographer, and social activist jack london and how his novel "the call o

an economist at m.i.t., a fellow with me at the milken institute has worked on a concept, which essentially is mortgage for medicine. i think going forward we don't , have to view the solution to the problem of price of drugs by simply looking at price controls but rather look at innovative , other ways to eliminate the burden on the patient and reconfigure our system. i'm optimistic that we have an open space here that we as a community ought to contribute to and help this administration to find those new solutions. >> one more perspective. you are out there working with clinical trials and seeing some of the research being done. what is your perspective on what has happened in the past week? >> there are causes for concern based on what we have heard in the campaign about evidence-based decision-making and what the particular foci should be. i think this is not a time for trenching in on those concerns as opposed to really finding the right people to sit down and talk with and coming out of transition. newt gingrich is a great example. beginning to educate the administration about the pot