Monso Business Banking. It just works. So you can too. Join businesses like Target

to Wishing by opening a Monso Business account.

What I love about Monso Business account is how easy everything is. It can be filtered,

it can be tagged. We thought we'd have to manage our business around our banks, but that's

not the case for Monso.

My name is Shun. I am the Founder of Target Trition.

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

of the limited company, UK Business is only terms and conditions apply.

Silicon Valley Bank collapses sending ripples through the financial markets.

This was a $250-something-dollar stock like 36 hours ago. It's now a $0 stock. You don't see that

very often. What fundamentally happened is a bank run, but in a very different way than many

other bank runs have happened.

And the Fed is looking closely at the latest jobs report which shows a resilient labor market.

Plus, China brokers a deal between Iran and Saudi Arabia.

It's Friday, March 10th. I'm Ann Marie for Tolle for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

US stocks tumbled as investors ran for safe havens today, unnerved by concerns about the health

of the US financial system and a still strong jobs report. The sell-off deep end after regulator

shut down Silicon Valley Bank, marking the largest bank failure in the US since 2008.

The Dow fell about 1% to the S&P 500 dropped over 1.5%, and the NASDAQ was down nearly 1.8%.

Bon yields tumbled. We'll have more on SVB and what it means for the broader market in just a few minutes.

Meanwhile, US employers added 311,000 jobs to the economy in February,

...