dr. tony cosgrove.a lot of different voices about what needs to be done to take this conversation seriously. your thoughts on maybe what the most important aspect and maybe that is depoliticizing this conversation. >> i think that's important to say. this is a very emotional topic that involves everybody across the united states and very personally and we've got to understand that we've come a long way in health care. health care is better now than it ever was and we probably have the best health care in the world, the highest technology. but we have moved such to the point where the cost is breaking us. half of the deficit in the united states is secondary to our obligations in medicare. we've got to control the costs of health care. we've got to do what many other indices have done, to have a more delivery system, a real system of delivering care and we've got to decrease the burden of disease. we've got to look at smoking, the epidemic of obesity and convince people to have more exercise and get out

dr. cosgrove. [applause] >> well, thank you very much. that's the nicest introduction i've had today.o share with you some of the experience and some of the things that are going on around the cleveland clinic and how it reacts to the affordable care act. first of all, let me tell you a little bit about our organization. we're a very innovative organization. we're 91 years old. we're a not-for-profit. we have a tripartheid mission of research, education and clinical care. we're physician-led, and all of us are salaried and employed by the institution. there are no financial incentives to do more or to do less which is an important aspect of where we are. we all have one-year contracts, and there's no tenure, and each year we have an annual professional review which is part of maintaining the quality of our organization. now, it's interesting to look at health care and see exactly where we came from and how we are organized. the design that we currently have dates back to 1950, and much of it relates to the hill burton act which encouraged communities across the united states to develo

dr. cosgrove, thank you. >> see you guys in jackson hole. >> have a wonderful weekend, everybody. >>> we'll see if we get diggy with it in the markets. welcome. i'm carl quintanilla with melissa lee. david faber is off today. moderate weakness, of course, after a rough few days. got some durable numbers not too long ago. not bad. the lower, once you start to strip out the ex-transports, we watch a meeting coming out between merkel. dan greenhouse with btig and cnbc contributor. a lot to get with with dan. >> absolutely. let's get to our road maps this morning. the markets reversal after four straight days down after highs earlier this week and now chatter about september. trying to batten down the hatches? >> and are the federal officials having any impact on what ben bernanke is going to say in jake s jackson hole next week? >> and you know who owns a lot of facebook? morgan stanley. first, the dow and s&p coming off the worst numbers in a week. all three indices are still in positive territory with the dow clinging to some gains. but will september give the bulls something to threat about

the cleveland clinic's toby cosgrove, mark bert. olini and dr. scott gottlieb and dr. kenneth davis. we've worked hard to keep it. bp has paid over twenty-three billion dollars to help people and businesses who were affected, and to cover cleanup costs. today, the beaches and gulf are open for everyone to enjoy -- and many areas are reporting their best tourism seasons in years. we've shared what we've learned with governments and across the industry so we can all produce energy more safely. i want you to know, there's another commitment bp takes just as seriously: our commitment to america. bp supports nearly two-hundred-fifty thousand jobs in communities across the country. we hired three thousand people just last year. bp invests more in america than in any other country. in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never be >>> welcome back to "squawk box," everyone. the futures are indicating. dow futures