Raphael Stevens

A shopper wearing a protective mask as a precaution against the spread of the coronavirus selects fruit at the Reading Terminal Market in Philadelphia.
Matt Rourke | AP

With Covid-19 cases slowly rising, Philadelphia is bringing back its indoor mask mandate for public places, schools and day cares.
Philadelphia announced Monday that, on April 18, masks must be worn again indoors, unless vaccine status is checked.

“Simply put, that means that we’re reintroducing the mask mandate in Philadelphia,” said Health Commissioner Cheryl Bettigole at an afternoon press conference.
Philadelphia made the mask mandate move with daily case counts and hospitalizations ticking above its own self-imposed benchmarks in recent days.
There were an average of 142 new cases in Philadelphia in recent days, and 46 people are currently hospitalized with Covid-19.
The School District of Philadelphia had already planned on requiring masks as students return from spring break on April 18. This new mandate means all schools and day cares in the city must also follow suit.
The move means the city didn’t even have two months without indoor masking requirements. The city had given the “all clear” and dropped its previous mask mandate on March 2.

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U.S. airports like Charlotte and Orlando joined the top 10 list of world’s busiest airports last year.
International travel remained subdued last year even though some countries, including the U.S., loosened pandemic travel restrictions.

Travelers walk through Terminal A at Orlando International Airport on Christmas Day, Saturday, December 25, 2021.
Stephen M. Dowell | Orlando Sentinel | Getty Images

U.S. airports made up eight of the 10 busiest hubs around the world last year, according to new rankings released Monday, as a jump in domestic leisure travel displaced some of the world’s bustling international hubs during the pandemic.
Delta Air Lines hub Hartsfield-Jackson Atlanta International Airport, the world’s busiest before the pandemic, maintained its top spot on the Airport Council International’s 2021 preliminary ranking, with 75.7 million passengers last year. American Airlines-dominated Dallas/Fort Worth International Airport ranked second with 62.6 million passengers.

Denver International Airport vaulted to third place last year with 58.8 million people, up from eighth place in 2020 and 16th in 2019. Orlando International Airport jumped to seventh place with 40.3 million people —a big improvement after ranking 27th in 2020 and 31st in 2019.
The rankings show how international travel remained subdued last year even though some countries, including the U.S., loosened pandemic travel restrictions.
Domestic U.S. leisure travel has been a bright spot in the pandemic for the country’s airlines, though executives have said they expect at least trans-Atlantic travel demand to be strong this spring and summer. Renewed lockdowns in China have cast doubt on a resurgence in a demand there, however.
In 2019, airports in Beijing, Dubai and Tokyo ranked second, third and fifth on the list, respectively. Dubai continued to top international passenger traffic rankings last year. The other two hubs didn’t make the cut.
Here are the 2021 rankings (with 2019 ranking in parentheses):

Hartsfield-Jackson Atlanta International Airport (1)
Dallas/Fort Worth International Airport (10)
Denver International Airport (16)
Chicago O’Hare International Airport (6)
Los Angeles International Airport (3)
Charlotte Douglas International Airport, in Charlotte, North Carolina (34)
Orlando International Airport (31)
Guangzhou Baiyun International Airport, in Guangzhou, China (11)
Chengdu Shuangliu International Airport, in Chengdu, China (24)
Harry Reid International Airport, in Las Vegas, Nevada (30)

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Tommaso Boddi | Getty Images Entertainment | Getty Images

Americans are stressed and anxious about money of late. Being mindful can help, according to wellness expert Deepak Chopra.
Some 52% of U.S. adults are under more financial stress than a year ago, according to a CNBC + Acorns Invest in You survey conducted by Momentive. The online poll was taken March 23-24 among a national sample of 3,953 adults.

“A lot of people are fed up, they’re frustrated, depressed, they’re stressed,” said Chopra, founder of The Chopra Foundation and Chopra Global.
That stress, in turn, can create inflammation in the body and weaken the immune system, he added.
While meditation, comedy and music can help you decompress, becoming mindful with your money is a good way to gain control of your financial life.
Mindfulness is “a state of active, open attention to the present,” according to Psychology Today. Applying mindfulness to your finances means you are essentially paying attention to, and being present with, your money.
More from Invest in You:How to save money on travel amid higher inflationDeepak Chopra’s advice for landing a job during the ‘Great Reshuffle’Here’s what consumers plan to cut back on if prices continue to surge

For Chopra, the most important thing to know about money is pretty simple: Don’t buy things that you don’t need, with money that you haven’t earned, to impress people that you don’t like. That will create stress in your life, he said.
“Our culture is so used to being in debt,” said Chopra, who recently released his 92nd book, “Abundance: The Inner Path to Wealth.”
To be sure, the average household with debt owes $155,622, according to a NerdWallet study. Those with credit card debt owe an average $6,006, the study found.
Instead, you should watch what you spend and try to save about 10% of what you earn, Chopra said. It’s something his mother taught him years ago.
“It served me well all these years,” he said.
“So be a little frugal in these times,” Chopra continued. “Ask yourself, ‘Do I need this?’ or, ‘Do I want this?’
“You know, wants and needs are two different things.”

When it comes to investing, try not to let your emotions take over, he said. The stock market, which had a dismal January and February, recovered in March. While April is an historically strong month, market watchers expect some volatility this quarter.
“People get nervous and melodramatic and make very irrational decisions,” said Chopra, and a member of the CNBC Invest in You Financial Wellness Council.
“So just be patient and don’t make any irrational decisions.”
Also, take care of yourself both physically and mentally. If you get a good night’s sleep, have healthy relationships with friends and family, exercise and meditate, the ability to gain financial success improves spontaneously, he said.
Most importantly, keep things in perspective.
”If at the end of your life, you say, ‘I made a lot of money, but I wasn’t joyful,’ what’s the point?” Chopra said.
“Joy should always be the No. 1 priority, and then everything else follows,” he added. “It’s called a top-down approach instead of a bottom-up approach.”
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Nio announced Sunday it would raise the prices for its three SUVs — the ES8, ES6 and EC6 — by 10,000 yuan ($1,572), effective May 10.
A day earlier, on Saturday, Nio said it suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories.
Many other electric car companies, from Tesla to Xpeng, have raised prices in the last several weeks.

Nio said it has suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories.
Long Wei | Visual China Group | Getty Images

BEIJING — Chinese electric car company Nio said over the weekend it is raising prices and suspending production as the latest Covid wave added to supply chain challenges.
The company’s Hong Kong-listed shares fell nearly 9% in Monday morning trading.

Nio announced Sunday it would raise the prices for its three SUVs — the ES8, ES6 and EC6 — by 10,000 yuan ($1,572), effective May 10. Prices for the recently launched ET7 and ET5 sedans would remain the same.
Raw material prices, particularly those for batteries, have risen “too much” this year with no downward trend in sight for the near term, CEO William Li said as part of the announcement, according to a CNBC translation of the Chinese statement.
“Originally [we] thought we could bear it, but now with this pandemic it’s even harder to bear,” he said. “We have no alternative but to raise prices. Please be understanding.”
A day earlier, on Saturday, Nio said it suspended production due to Covid-related restrictions in the last several weeks that halted production at suppliers’ factories.

“Due to the impact of Covid on Changchun and Hebei, the supply of some of our auto parts has been cut off since mid-March,” Li said. The company’s production “managed to rely on auto parts inventory until last week.”

He added that as a result of recent Covid outbreaks in Shanghai and Jiangsu province, many suppliers can’t provide parts either.
The company began deliveries of its first sedan, the ET7, in late March. A second sedan, the ET5, is set to begin deliveries in September.

Industry-wide price hikes

In terms of monthly deliveries, Nio has lagged behind those of rival start-ups Xpeng — whose cars sell in a lower price range — and Li Auto — whose only model on the market comes with a fuel tank for charging the battery. All three companies delivered more cars in March than February despite supply chain challenges.
Nio was the last of the three start-ups to raise prices.
In March, Xpeng hiked prices for its cars by 10,100 yuan to 20,000 yuan, while Li Auto raised prices by 11,800 yuan. The moves follow Tesla and other electric car companies in the country that have raised prices in the last several weeks.

Read more about China from CNBC Pro

Covid-related disruptions have hit traditional automakers as well.
Volkswagen said Thursday its factories in Anting on the outskirts of Shanghai and Changchun in the northern province of Jilin remained closed through Friday, April 8.
China’s producer price index rose by 1.1% in March from a month earlier and gained 8.3% from a year ago, according to official figures released Monday. The year-on-year increase topped expectations for a 7.9% increase forecast by a Reuters poll.
— CNBC’s Arjun Kharpal contributed to this report.

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The southern city of Guangzhou closed in-person classes at elementary and middle schools as of Monday, shifting courses online.
In Shanghai, lockdown measures remained in place, while the city reported a record high combined number of cases for Sunday, 914 with symptoms and 25,173 without.
Electric vehicle company Nio announced Saturday it was suspending production and delaying delivery of its cars since suppliers have had to halt production due to Covid.

All 11 districts of Guangzhou city began another round of mass Covid testing late last week, while elementary and middle schools shifted to online learning as of Monday.
Costfoto | Future Publishing | Getty Images

BEIJING — Another major Chinese city has tightened Covid restrictions as the country struggles to contain a nationwide outbreak stretching from Shanghai in the southeast to the northern provinces.
The southern city of Guangzhou closed in-person classes at elementary and middle schools as of Monday, shifting courses online. The measures will last for at least a week, according to a city announcement over the weekend.

Municipal authorities said locals should not leave the city unless necessary, and would need a negative virus test from within the last 48 hours to do so.
Guangzhou — capital of Guangdong, a manufacturing-heavy province — reported 27 new Covid cases for Sunday, including 9 without symptoms. That’s up from a total of 11 cases a day earlier, according to the National Health Commission.
Shanghai reported a record high combined number of cases for Sunday, 914 with symptoms and 25,173 without. For Saturday, authorities reported 1,006 cases with symptoms and 23,937 asymptomatic ones.
The southeastern metropolis accounts for most of mainland China’s new Covid cases. Shanghai remains in lockdown — with most people forced to stay in their apartments and get food by delivery — about a week after a two-part shutdown was originally supposed to end.

Shanghai had shifted elementary and middle schools to online learning about a month ago on March 12. The two-stage lockdown began on March 28 in the name of mass virus testing.

All 11 districts of Guangzhou city began another round of mass testing late last week. The city said Saturday it is in the process of turning an expo center into a makeshift hospital.
The latest wave of cases stems from the highly transmissible omicron variant and marks the worst Covid outbreak on the mainland since the initial phase of the pandemic in early 2020.

Factory closures, worries about jobs

Electric vehicle company Nio announced Saturday it was suspending production and delaying delivery of its cars since suppliers in the northern province of Jilin, Shanghai and the nearby Jiangsu province have had to halt production due to Covid.
A Morgan Stanley survey found that at the start of this month, about 31% of Chinese people were worried they wouldn’t be able to pay debt or rent — several percentage points higher than the March to May 2020 period.
Worries about job losses climbed back to levels seen in mid-March 2020, but slightly off highs seen that April, the survey found.
Morgan Stanley analysts don’t expect significant changes to China’s zero-Covid policy until after October or November this year. On March 31, the analysts cut their annual GDP forecast to 4.6%, down from 5.1%.
That same day, Citi analysts raised their China GDP forecast to 5.0% from 4.7% on expectations Covid’s impact on the economy would result in more government stimulus.

Read more about China from CNBC Pro

After battling a spike in Covid cases since late February, the northern province of Jilin — home to many automobile factories — has started to see a leveling out. The number of daily new Covid cases in Jilin has fallen from more than 1,000 or 2,000 a day, including asymptomatic ones, to several hundred a day.
Beijing, the capital of China, reported no new locally transmitted cases for Sunday. The surrounding province of Hebei reported 100 new cases, all asymptomatic.
Other major cities across the country, including Xi’an and Chengdu in central China, and Suzhou and Nanjing closer to the coast, each reported less than 10 new cases with symptoms for Sunday.

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