It's official: 2026 is an El Niño year

El Niño has officially begun, according to scientists at the US National Oceanic and Atmospheric Administration. Will Bain examines what the climate phenomenon could mean for food prices, energy markets, economic growth and weather patterns around the world. We'll also look ahead to Friday's huge Initial Public Offering in shares in SpaceX. And the World Cup is under way. We hear from businesses and residents about the opportunities, disruptions and expectations as the tournament gets started.

(Picture:Indonesian farmers brace for possible dry spell linked to El Nino. Indonesia, June 4, 2026. REUTERS/Willy Kurniawan)