Here is a look at Tuesday’s business headlines with Jane King:
Gas prices have climbed to the highest level of the year on Monday, reaching $3.88 a gallon, according to Triple A. This increase is due to oil prices exceeding $92 a barrel. The price of gas has risen by five cents just this week. However, the current average in Central Indiana is $3.62 a gallon, which is slightly lower than it was a week ago.
Clorox warns of a potential shortage of wipes as a result of a cyberattack the company experienced last month. This shortage is expected to impact their first quarter earnings. Clorox also owns other products such as Pine sol, Fresh Start cat litter, and Hidden Valley ranch.
Apple is experiencing strong demand for their new iPhones. Internal checks suggest that the demand is surpassing the supply, according to reports from Goldman Sachs and Wedbush.
Amazon’s Fall Prime Day sale will take place on October 10-11 and is now called Prime Big Deal Days. This event is designed to kick off the early holiday shopping season, occurring before Black Friday and Cyber Monday.
A survey conducted by OnePoll in partnership with Intimina found that 65% of moms use social media, while 26% do not. Interestingly, those who use social media are more than four times likely to feel like a bad parent. The survey also revealed that seeing other moms on TV or social media pressures respondents to add things to their daily routines, such as exercising, cooking, and waking up early.