liz: we will be back with david darst. coming up he has more names. the closing bell ringing in 48 minutes. when you think of a franchise, right? you immediately think maybe mcdonald's, subway, dunkin donuts, well the world renowned cleveland clinic just announced a sort of healthcare version of a franchise agreement with a publicly traded hospital company called community health systems. that's hitting 52 week highs. the cleveland clinic's platinum reputation putting a real shine on that company, as it hits some very significant moves here. is it a prescription for success for community health? up next, first on fox business, the man behind the deal, cleveland clinic's ceo and president. it's a fox business exclusive. and len tannenbaum also coming up. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's ading companies

senior debt holders, junior bondholders to keep them from taking brutal losses due to bad loans. >> david darstikes apple. >>> t-mobile ditching its contract plan. the first major carrier in the u.s. to do so. will others follow suit? details after the break. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. bondholders to keep them from where just one touch creates the perfect coffee. bondholders to keep them from where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. ♪ ♪ >> welcome back, everybody. we have been watching the futures this morning. they are indicated higher after that roller coaste

david darst, always -- i want that tie. >> it is a very nice tie. >> you're going to get this tie. >> i didn't say for that reason. but anyway. >> happy holidays to you and your beautiful family. >> thank you, guys. >> david darst of morgan stanley wealth management. as we stand here, the dow is moving into territory. if it's up about 55 points today, it will be the best first quarter we've seen for the dow since 1987. going back 26 years. >> all right. we're watching thoegz markets. we're coming right back with the closing countdown. right now the s&p is still in that record territory. >> we'll find out if this is the day we finally get a new all-time high on the s&p. we'll find out, after this. [ male announcer ] just when you thought you had experienced performance a new ride comes along and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. at a hertz expressrent kiosk, you can rent a car without a reservation

joining me right now is david darst and ben white, chief economic strategist with politico. thanks for being here. david, let me kick it off with you. the markets hitting five-year highs this week. amazing of what's going on as the markets flirt with all time highs. the markets doesn't care about sequester. should we be carrying on it? >> it's going to depend on the four ps. profits exceeded forecast for the fourth quarter, as you know. secondly is personal income. "wall street journal" on this past friday talked about the wage growth is anemic. only up 2%. thirdly is production. that's the hiring. the hiring not the wages but the hiring. and that's been relatively anemic, as you know, as well. the fourth "p" is politics and is sequestration. i think one of the things that your investor based and your viewing audience have to be aware of is a potential debt downgrade. another debt downgrade by the united states where we go down maybe to aa, aa, we're aa plus now or aa or a plus. if the profits can continue strong, if the hiring can pick up a little bit, if the wage growth can

see you soon, guys. >> david darst and joe taney joining us.ck for the closing countdown for this historic week and the dow heading back. >> and this is from a buffalo zoo and the cub's name is luna and later meet a ferocious market bear warning investors to get out of this market right now. it's coming up on the "closing bell." you're watching the "closing bell" on cnbc, first in business worldwide. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to

ben white, david darst. at home and abroad due to sequester cuts and what the administrators go through to carry out the doomsday scenario. >>> then he worked with springsteen, whitney, aretha and more. clive davis knows a bestseller when he hears one. look at how the stock market ended the week. back in a moment. >>> beyond washington's debate over the march 1 automatic spending cuts those at the american agencies koing work domestically and internationally must contend with the coming cuts. dr. shah is the administrator of the united states agency for international development. mary sciavo is the former inspector general for the department of transportation. thanks for joining us. >> thank you. >> raj, under the sequester the state department and u.s. aid should see 2.6 billion in cuts. foreign aid accounts for 1% of the federal budget. what's at stake as you look at the across the board cuts? >> thank you, maria. first i would say my agency's mission is to advance america's national security and economic