announce a lockdown affecting the entire nation and for more let's bring in developing a correspondent dan charles who is in the city of seville hello to you again for that so tell us exactly what these restrictions would mean for people on a day to day basis. well it's basically. the whole country of spain very similar to what we've seen in the last days and in italy it will come in several stages the main stage come into effect on monday morning and then nobody will be allowed to say anymore except for supermarkets pharmacies medical doctors and similar cities but with immediate effect all bars are closed all restaurants are closed and public life basically already is coming to a standstill well now we know that about half of spain's coronavirus cases are in the capital madrid why have authorities decided to introduce and nationwide lockdown now. i think there are several reasons 1st of all. new cases are not only in madrid about they are also a lot of cases in other regions of the country now and another reason is that they have been room us for sunday snow that they could come. down of the ent

. >> charles: dan. >> well, you know, my concern, charles, is more related to the economy overall thano the stock market. i agree with erin, that the market is going to come back. this is ultimately going to settle down and everybody stays calm. we're going to be fine. however, let's look at what behavioral changes are going to come from, shall we say, the panic. elon musk just says this coronavirus panic is dumb for what that's worth. i don't know if i agree with him, but bringing to light that people's reaction right now may be a little overblown. so when we talk about the economy, to me, it's about people's confidence, it's how they feel, and right now, day after day, not good news, more spread, more uncertainty, that's keeping people home. and whether some of these behaviors are going to continue, we'll have to see. >> you can look at historically again through the stock market and see how long investors remain fearful and in general, when you look at high volatility, high market days, it fairly lasts more than four months. we eventually develop a tolerance and come back and-- >> t

charles: dan, got a minute left. another thing that is bothering me, i'm glad you're here, over the last several years, particularly in january, when i bring on the wall street experts they're getting into things that haven't worked. invariably always emerging markets. i'm getting into emerging markets because it didn't work. didn't work last year, the year before, individuals are doing the same thing. last year in passive funds we saw gobs of money come out of american, u.s. domestic funds, aimed at investing in american companies looking to invest in emerging markets. what do you tell folks? i don't like that. i just think, listen, you know these companies, you buy from these companies, you shop there and, i just worry when people keep chasing these sort of ideas as something that didn't work is down to work. >> you know what i tell people, charles? let's not get caught up in chasing the shiny object. charles: they're chasing the dull object thinking it will get shiny! >> our right. you could appeal to people with

dan health ofcials in contra costa county have confirmed the first conavirus death there iskron four's charles clifford reports now. >>they also say they are raing up testing. >>well here in contracosta county on fridayealth officials announced that there has been one death from coronavirus we're told this pers died on thursday that this person was in eir 70's also they had recently traveled to europe and they had an underlying health condition which put them. it's serious risk we didn't get any specifi. health officials citing privacy concernwhen release specific details like the of the person or where extly in europe they had gone the county is also dog between 4100 test for coronavirus per day there are private labs around the testing said the county said today, they're working on getting the numbers from al of those differentesting sites into one caon so they can have a clr picture exactly wt's happening with the virus. health officials also said today that unfortunately they believe this is st the beginning of expect further deaths were at the start of this epidemic here in ntra costa cou