Kelly,

thank so much. Welcome to closing bell.

I'm Scott Wopner live from Post 9 here at the New York Stock Exchange.

This make or break hour begins with stocks down and fear up

about the fallout from the collapse of Silicon Valley Bank.

Other bank stocks, especially regional ones, plunging again.

Big questions now about what all of this means for the Fed on a day when the jobs report comes in hotter than expected.

Here is your scorecard with 60 minutes to go in regulation.

The Dow on track for a fourth straight day of losses.

There's the S&P 500 breaching a key technical level yet again it's down 1%.

A look at yields, very much a part of the story today, dropping like a stone on fears

the economy is careening towards a recession and the impact that all of this might have on future

rate hikes. That leads us to our talk of the tape as we look at yields there.

So what they're doing, the S. V. Earthquake, what it means to your money, the markets and the days and weeks ahead.

Let's ask our special guest, our headliner, Liz Ann Saunders, chief investment strategist for Charles Schwabs,

good to see you on a very big couple of days here.

How are you thinking about all this?

So it's hard to separate the effect of the jobs report on that change in expectations

for a 50 basis point hike and obviously the

SVP situation I think it may have a bit more to do with the latter than the

former but I think this is clearly an example of something breaking.

You know, the old adage of the Fed titans until something breaks.

...