Floods Hit Australian Economy as Wild Weather Persists

The transcript discusses the severe impact of recent floods in Australia, particularly in Victoria, on agriculture and food supply, leading to increased prices. It highlights the economic consequences, including market impacts and budget risks. The transcript also covers weather patterns, noting the ongoing La Nina event causing record rainfall and further flooding risks.

What weather phenomenon is currently affecting Australia, and what are its implications?

What record rainfall statistics were mentioned for Sydney, and how does it relate to previous records?