Hopes of a quick economic recovery gave global stocks a lift on Tuesday. The FT’s Philip Stafford explains whether that optimism can be sustained. Then, a look at the highly rated companies, including Disney, Apple and ExxonMobil, that have borrowed a trillion dollars in the first five months of this year. Plus, Elon Musk’s SpaceX will send two Nasa astronauts to space today. The FT’s West Coast Editor, Richard Waters, will explain what this means for commercial ambitions in the final frontier. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.