Morning Brew Daily - Michaels Stages a Crafty Comeback & Americans Don’t Read Anymore

Episode Date: July 10, 2026

#886: SK Hynix is slated to begin public trading on the Nasdaq as a company that has seen its stock pop more than sevenfold in due to the AI memory chip crunch. The NYC Midtown building partial-collapse scare has given pause to investors who thought it was supposed to be a boom-time for the office-to-residential revolution. Stock of the Week: Arts & crafts store Michaels is seeing success under private equity owner Apollo thanks to the demise of its competitors. Dog of the Week: Reading literacy in the US is sadly low. Finally, Claude launches its own version of “Wrapped.”  Get 10% off using MORNINGBREW10 at altrarunning.com/morningbrew  Get tickets for our trivia tournament! https://caveat.nyc/events/the-morning-brew-trivia-tournament-2026-07-30  Grab tickets to our Performance Revue show! https://www.morningbrew.com/events/brew-performance-revue-2026?utm_campaign=performance_revue_2026&utm_source=mbd Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠  Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you sucking wind from trying to keep up with AI in its impact? Take a breather and tune in to the Intelligence Shift. Morning Brew's new podcast with PWC. It bridges the gap between big picture AI concepts and what it actually means in practice. Host Dan Priest is joined by expert guests to discuss AI's role in sports, music, HR, and more. Listen to the Intelligence Shift wherever you get your podcasts. Good morning, Brew Daily Show. I'm Neil Fryman.

And I'm Toby Howell. Today, did private equity save Michaels? Ben is America entering its post-literate age? It's Friday, July 10th. Let's ride. If you're like me and obsessed with memorizing airport codes, I've got an important update to share. Yesterday, Palm Beach Airport officially changed its name to President Donald J. Trump International,

which makes it the first airport to be named after a sitting U.S. president. And therefore, the airport code will change from people. BBI to DJT. And this sent me down a rabbit hole of other airports named after presidents. There are at least eight according to a Sporkel quiz I did this morning. You've got the big ones, Kennedy in New York, Bush, and Houston, Reagan in D.C., but also Gerald Ford in Grand Rapids, Michigan, Clinton National Airport in Little Rock, Eisenhower in Wichita, Abraham Lincoln in Springfield, Illinois, and Theodore Roosevelt

Regional Airport in Dickinson, North Dakota. I think I got five out of eight. That was the most Neil scene ever this morning. I walk in and you're knee deep in a sporical naming airports after presidents. Yes. Speaking of airports, Neil and I are going to be heading to one today after the show. From there, we're hopping across the pond to Scotland with some friends on a trip to visit St. Andrews. Some golf will be played.

Some haggis and Cullen Skink will be consumed. And the trip extends until Wednesday of next week, meaning both myself and Neil will be out at the same time. But fear not, the show will go on. you'll be in the capable hands of some of our colleagues, including six men of the year, Kyle Haggy, who will bring you your daily dose of news. Now word from our sponsor, Ultra Running. Hey, Neil, do you own anything foot-shaped? I mean, nothing human-foot-shaped. Wow, what a terrifying answer that warns zero follow-up questions.

If you'd like to add something human-foot-shaped to your collection, Ultra-running makes shoes shaped like feet. Most running shoes are narrow at the toe, but Ultra has more room for your toes so they can spread out and your feet. your feet can stay in a natural position. The ultra-fit is designed to give you room for your toes for comfort, balance, and strength. Use promo code Morning Brew 10 for 10% off your first pair of ultra-running shoes at ultrrunning.com slash morning brew. That's A-L-T-R-A running.com slash morning brew. Earlier this year, SpaceX went public in the biggest IPO of all time.

Today, number two arrives. It's a lot less familiar to Americans, but it's at the center of the AI boom that's taking over the economy, meet S.K. Hynix, a South Korean memory chipmaker that's going public on the NASDAQ today. It raised $26.5 billion, beating out Alibaba as the largest foreign listing in U.S. history. You've heard us talk about memory a lot recently, and for good reason, there's a massive shortage that's driving up prices for everything from Nintendo switches to Apple laptops. AI giants have been gobbling up all the memory chips to run their models driving memory costs to record highs and starving the rest of the industry of much-needed hardware.

It's been an absolute windfall for anyone who makes memory, and there aren't that many. Just three companies produce the kind of high bandwidth memory that's so trendy in AI, SK. Hynix, South Korean rival Samsung, and Idaho's Micron. Each of these companies has hit a $1 trillion valuation this year, thanks to surging demand for their chips. SK Hynix's financials are certainly enviable, annual revenue nearly tripled between 2023 and 2025. Then this year alone, it's expected to triple again to $235 billion. On the South Korean stock market, its shares have gone up 700% over the past year. After a breathtaking run, S.K. Heinex looks to continue the momentum under the bright lights of Wall Street.

Why come to Wall Street? Because it sounds like it's doing pretty dang well over in the South Korean stock market, which, by the way, has become the world's seventh largest stock market. It's just recently passed Canada on the backs of these two memory giants. We talk about the magnificent seven here. They have the terrible two or the terrific two because South Korea or Samsung, in S.K. Heinzak's account for roughly half of its entire Kaspi index. So that is a very concentrated market over there. But the reason why you would list inside the United States is because, one, you're going to raise a lot of money and they need a lot of money to do these capital expenditure projects. But it also narrows the valuation gap that it has with U.S. peers like Micron. Now, you mentioned that both of them have similar market caps around a trillion

dollars. But historically, Micron has always carried a higher valuation multiple if you look at price to earnings due to some sort of nebulous U.S. listing premium. It's not that nebulous. There's greater trading volume over here. There's more liquidity over here. But S.K. Heinix actually has much higher operating margins than Micron does. It's nearly 50% versus microns 26%. So why is it valued the same? It's probably because it's just not listed over here in the U.S. and then you factor in other things like how it can help with recruiting top engineering talent because suddenly you have U.S. stock compensation to offer. to top engineers. And those are some of the reasons why it would make the track over here to the

U.S. to list on the NASDAQ. I want to talk about margins because if you pay attention to the stock market or memory companies over the past decade or so, I mean, the fact that we're even talking about memory companies being worth a trillion dollars or that they're sexy and exciting would blow your mind because this was typically a very sleepy corner of the tech industry. It was a boom and bus cycle. There would be a glut of memory chips so all of the memory companies would stop making the chips and then there would be a shortage and then they would make more and then there would be a glut again. So you'd go between glut and shortage. And this was just an endless cycle that led Micron and SK Hynix and Samsung to just kind of plod along. But then all of a sudden

AI happened and we're seeing just a crazy boom in this particular industry. Go back to 2023, margins for SK-Hinex were negative. They were selling stuff at a price below what they were paying to make it. That was just three years ago. And now dangerous and memory shortage looks like there's going to be demand for their products through 2030. We don't know if there's going to be a bust on the horizon, but at least this boom cycle looks longer than it has been in the past.

And they are taking a big swing here, though, because you're right. It has been a very cyclical industry, but now they are putting so much money into building out capacity. I mean, the chip outlay investment plans in South Korea total up to $720 billion. That is a massive capital expenditure plan right there. And so if memory turns out to not be a super cycle, if it goes back into being very cyclical, then these companies are on the hook for once you start building a factory, you know, that is money that is almost a sunk cost at that point. It's very hard to stop building a factory in Indiana. So this is a big bet that the memory industry is not going to enter another crash. It's a big bet that this is a mega cycle,

a super cycle, whatever adjective you want to put in front of a cycle. The problem in the past is there's always been a crash. Maybe this time will be different. And just ahead of the IPO, Bloomberg reported that demand for this listing is about seven times more than the available shares. So at least initially demand looks very hot. Let's move on. There's a building in the middle of Midtown Manhattan that is sagging under its own weight. And yet 10,000 tons of steel is not the only pressure it is feeling. Earlier this week, the former Pfizer headquarters in Manhattan suffered a major construction scare after structural columns buckled and floors drooped as workers toiled to convert the old office building into new apartments. The building is set to become the

largest office to residential conversion in U.S. history, creating about 1,600 apartments complete with a rooftop pool. But the issues with the East 42nd Street project are threatening to cast doubt on how residential conversions are perceived going forward. While the building has since been stabilized and the engineering challenge appears fixable, the bigger challenge may be to public confidence. If this project goes sideways, it could make investors, lenders, and future tenants much more cautious about similar projects, which is not good for New York City, which has been aggressively promoting conversions via tax incentives and zoning reforms. The city changed zoning rules in 2024 to allow older office buildings to be transformed into

residential properties in the hopes of alleviating one of the tightest housing markets in the world. Neil, what is scarier? A collapsing building in New York City or their prospect of trying to look for somewhere to live in New York City? They are both daunting. I'm never moving again. This was a very ambitious project. This was one of the more complex office. residential conversions anywhere. It's also the biggest because there was two buildings here. They were built in the 1970s and they were going to add 19 new stories atop one of them, which was 10 stories high. And then yet another tower that's 33 stories and they were basically going to gut that and reconfigure it. And on top of that, you wanted to add a rooftop pool, of course,

a fitness center, ground level shops, and then of course, 1600 new apartments. Robert Fuller was a principal at Gensler, who's working on this Pfizer building conversion, told Bloomberg that is basically like surgery. There's just so many technical challenges, unique conditions from floor to floor. So as office to residential conversions go, this one was extremely complicated, a far cry from all the popsicle stick bridges you made in eighth grade. But just in general, I didn't know that office residential conversions were so difficult to pull off because from the outside, you're like, it's a building, just put up some walls, put it in a bed, and all of a sudden you have apartments, but no, each apartment needs a kitchen. You need to put

bathrooms in. You need to reroute plumbing in the building. Most offices use central HVAC systems. No, if you go to apartment buildings, you probably want more individualized heating and cooling systems. Apartments need natural light. You can't just put people in a jail cell, so sometimes you have to add windows to office spaces. So it is a lot more complex than you might assume. I thought it was interesting too how Manhattan real estate when it comes to the office market is actually in a pretty healthy spot right now compared to other cities. Manhattan's office vacancy rates is around 12.4%. You compare that to other major cities. Los Angeles is 25. Chicago is 28. So it's not like these buildings are being sitting around unused. It's more just that this is a massive priority for a lot

of leaders in New York City that there's clearly a dearth of apartments. Let's try to move some of these buildings that do sit unoccupied for some period of time into apartments to alleviate that housing. There's another quirk of Manhattan that makes this more economically feasible, and that is it's hard to remove waste and rubble from Manhattan because we're on an island here. So if you knock down a building, it's pretty expensive because you've got to get all that stuff out of the island, so it may be easier and more economically sound to just convert it, despite all the hurdles that you were mentioning.

Still, this is a very hot sector of the real estate game right now. 90,000 apartment units from office conversions are currently underway in the U.S. right now. That is up 28% from a year ago. And New York City is leading the charge with 16,000 units planned or under construction. So that is the big question mark here. Does this Pfizer building make everybody a little bit more shaky and a little more scared of completing these renovations? Or is it still guns blazing?

let's keep making as many housing additions as we can to the constrained market. Welcome to Stock of the Week, Dog of the Week, where we pick one stock that's scoring more goals than Mbapé, another that got embarrassed like the U.S. I won the pre-show rap battle, which I'm glad no one caught on tape, so I get to go first. And my stock of the week is the Crafts Giant Michaels, which is thriving, thanks to an unlikely source, private equity. In the most recent quarter, Michael's sales and profits jump by double digits, according to Bloomberg, and her raised its inventory by 20% ahead of what's expected to be a bonanza in the second half of the year. Investors are taking notice.

Last year, Michael's bonds traded as low as 34 cents on the dollar, indicating a probable restructuring. Now, those bonds have rebounded to nearly 100 cents. Bloomberg writes that Michaels owed much of its success to the backing of its owner, Apollo, the private equity giant and one of the world's biggest alternative asset managers. Five years ago, Apollo scooped up Michaels, and instead of gutting it, like other P.E. shops might do, gave it the flexibility.

ability and funding to move into new areas like yarn and fabric and allowed it to make bolder and quicker decisions than its rivals in the public markets. The collapse of some of those rivals also gave Michaels a boost. Party City filed for bankruptcy twice and closed all of its stores in late 2024. And last year, Kraft Retailer Joanne went into bankruptcy, also for its second time, and said it would close all of its stores. Michaels, with Apollo's backing, didn't miss a beat, swooping in and acquiring Joanne's name and brands for under $10 million. Toby, it's a rare example of private equity fueling a retailer's revival instead of killing it. It also just might be that the timing is right because the CEO of Michael says that it has

a reputation for being your grandmother's store. And he actually said that. That's a good thing now. Yeah, as a negative. But it is 100% a good thing right now because nearly three quarters of US adults participated in at least one craft activity last year. A lot of Toby's trends has been talking about how people are joining knitting groups or water coloring, they're showing they're doing DIY crafts because they want to do analog hobbies,

aka grandma hobbies. So you can point to private equity in the fact that it remained more nimble than maybe a public company would, or you can point to the fact that everyone just wants to craft these days, and that's why Michaels is doing well. And Michaels is leaning into that with new remodeled stores. They are getting into experiences, of course, and that could be, hey, come into Michaels, not just to buy something, but hey, we've got a candle making class. We've got other classrooms for other crafting activities. We'll host your birthday parties. We have balloon services. So they're moving into the party city side of things. They're increasing their party supplies business by 60% this year. So if you go into a Michaels and it has maybe less product assortment on the shelves

and more space to just kind of play around with things with your hands, then this is what's going on. The big risk still remains China because you spoke about that kind of roller coaster ride, its bonds were going on. When it was at the lowest, that was right around Liberation Day, Tara, where a lot of the supplies that its sources do come from China. So if tariffs were slapped on those, then that made their business basically untenable. They've been trying to diversify away from China, but that's still a risk because a lot of their production still is coming from over there. So if any additional China tariffs come on, then suddenly this is a different story that

we're talking about. No matter how many, you know, goodwill, grandma crafts or balloons you put in the store, if your input costs go up because of tariffs, then you do not have a tenor. business. It's an interesting narrative violation, too, that private equity is maybe helping a retailer by just having so much money in the bank to allow it to fuel a renaissance like this because, I mean, you go down the list. So what private equity has, quote unquote, killed a lot of retailers by doing these huge leverage buyouts and lading them with so much debt. And you can just list toys, toys are Russ, Sears, pay less shoe stores, Jimbury Sports Authority. These are just some of the retailers

that filed for bankruptcy after they were acquired by private equity. but Michaels is a success story. And the other success story is Barnes & Noble in 2019. It was taken over by Elliott Advisors. And now it's, it's surging in a way that Michaels is their opening an additional 60 stores in 2026. And we've talked previously about how Barnes & Noble is doing well under private equity management. So maybe it's not the death sentence that many think it is. It's actually a perfect transition into our next story, which is talking about reading. So we're going to take a quick break and come back with the story about how no one is reading right after this. Public speaking isn't everyone's forte.

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Get 50% off by going to forkfulmeals.com slash discount slash MB50. That's forkful meals.com slash discount slash MB50. This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales, Using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result? Less time spent on operations, more time connecting brands with the moments and fandoms that matter most.

Learn more at Accenture.com slash Spotify. My dog of the week is reading because Americans are not doing a lot of it. Rose Horowitz of the Atlantic published a big manifesto laying out all the signs that America is becoming post-literate. People still know how to read text, post, emails, captions, but fewer people are doing the harder reading found in books and essays, and a lot more people are watching stuff instead. The stats are damning. Just 16% of Americans read for pleasure on any given day last year down from 28% in 2004. Fewer than half of U.S. adults reported reading a book of any kind in 2022. Contrast that to the 57% of Americans who placed a bet last year,

and you realize that gambling had become more popular than opening a book in this country. And it's not that books these days are all that cumbersome to get through. In 1958, a top-selling book of the year was Dr. Chivago. Last year, it was Hunger Games' Sunrise of the Reaping, followed closely by the Romancey novel, Onyx Storm. Signs of post-literacy are popping up at elite colleges, too. One Harvard director described a student struggling to read a clockwork orange because it was written in, quote, Old English and how they had to use Chachabit to translate it into easier language. Students are coming in unprepared because a 2025 survey found that most middle and high school

English teachers assigned zero to four books per year. Short passages and tablets are in, books are out. Neil, there's so much more here from AI's threat to reading to how politics has moved into its post-literate age. Someone should write a book on this stuff that inevitably no one will read. Certainly won't read it. If you want to get all existential about it, could fundamentally reorder society because literate societies and cultures think in a more complex way than illiterate societies. And what the Atlantic cites as an example is that this neuropsychologist whose name is Alexander Luria went to some remote villages in Uzbekistan and other parts of Eurasia in the 1930s. Peasants there were starting to learn how to read and write.

And they asked questions to the people who were literate and people who were illiterate. And the question was, in the far north, all bears are white. And then this group of islands is in the far north. Then he asked these people, what is the color of bears in this group of islands? And the people who were beginning to be literate were able to put two and two together and say, okay, of course, the bears are white. But the illiterate ones, they just refused to try. They said, well, I've never been there, and they just refused to answer. So the point there is, obviously, there are a lot of variables here, but that just reading things allows for more complex understanding and synthesis of arguments that can change the fabric of your society and culture.

And it just changes the fabric of your brain. We actually are not predetermined to read because reading was not a part of early humanity. It only emerged about 6,000 years ago in Mesopotamia, but reading is great because it frees up memory so thoughts can be stored outside the mind. if not, you're clogged with everything that you would ever have to remember. But there's a lot of kind of prognosticators that are saying maybe the literate age is just that, a unique moment in time. We were not literate. It was part of an oral tradition before. Now we are in the literate age.

What if we are entering post-literacy where multimedia is the dominant form of consumption going forward? Because clearly, that is what is happening right now. I mean, it started, you could point to the television that that was the start of the post-literate age in the West in 1962. Now, smartphones have exaggerated the problem, made it even worse. Studies show that people comprehend less on digital devices than paper. Audio books as well are not the same as reading a book. So everything is pointing towards our comprehension and our reading abilities getting shallower. And maybe the logical end of this is that we just don't read at all.

anymore and this was just a blip in humanity's timeline. We might be a part of the problem. Yeah. Because Morning Brew was a newsletter for seven years, which I wrote for its entire history. And then three years ago, we were like, hey, people maybe don't like to read the news. They want to listen to it or watch it. And then we said, okay, let's start a podcast. And so people are consuming news. That's not a bad or a good thing. It's just the way people operate now is instead of reading it, more people like to listen to news as a way of consuming information. It really is a muscle. Reading books is just like working out. The more you read, the easier it gets.

The less you read, the harder it becomes. So it's almost a self-fulfilling prophecy. The less that you pick up a book for fun, the more difficult it is to get even through a newsletter like morning brew. So if you stop working out that muscle, if you turn towards social media and Instagram instead, then yes, it is going to be increasingly more difficult to open that book, read some physical words, and not just watch the YouTube video. And what's more interesting about this is that It feels like the book industry is thriving right now. I just mentioned Barnes & Opel is opening 60 new stores.

Book Talk is one of the most thriving parts of social media. 400 independent bookstores were opened in 2025. You have Dula Lipa and Reese Witherspoon with book clubs and audio. People are consuming audiobooks. It's now a billion dollar industry. But if you want to take the point that no one is reading anymore, you look at the stats, you dive a little further. And you say, okay, actually, it's just a really small part of the population that is reading books. 20% of adults accounted for more than 80% of all books read last year.

If anyone can save literacy in America, it's do a leapa. All right, let's sprint to the finish with some final headlines. Hasbro released a Play-Doh for adults aiming to lure screen-weary millennials with tactical fun. This week, the toy company introduced a new line called Blooms, which lets you sculpt putty into floral arrangements that can be displayed in your home. It's part of Hasbro's aging up strategy to focus on teens and kiddults that are over the age of 13. the fastest growing segment of the toy industry. Hasbro's tried to make Plato resonate with adults before. In 2020, it tried something called grown-up sense, making Plato's smell like mom jeans,

overpriced lattes, and 90s throwbacks like Mall Food Court and VHS rental and chill. That didn't work out, so it went back to the drawing board and came up with something that might be perfect for a couple's whining craft sign. Yeah, part of the issue why grown-up sense failed is that it still kind of looked like Play-Doh, and adults don't actually want to play with Plato if it's the same branding that their kids are opening up. So they've tried to rethink everything about this. They're trying to market it towards a more female skewing audience in particular, which kind of goes away from other cadult efforts that skews more towards, you know, Star Wars, Dungeons and Dragons, that sort of thing. So those are some of the reasons why they're pretty bullish on this.

They've also just very openly pointed to Lego's success because that has been the ultimate adult winner is that Lego has rebranded itself as a very therapeutic thing for adults to do and especially guys to do as well because you sell a lot of Star Wars Lego. So they're looking at that playbook and saying we can probably run it back for a little bit different of a demographic as long as we show first and foremost, this is for adults, this is not for kids anymore. And it does look pretty fun. I haven't played with Play-Doh in a minute. So maybe I'll jump on the bandwagon as well. Moving on, Anthropics saw how much everyone loves Spotify wrapped and made the same thing for your AI habits. The company just launched a new feature for Claude called Reflect, essentially a Claude Rapp that

analyzes how you've used the chatbot over the past year. You can find it in the settings menu on the web or desktop app where it'll show you your most common topics, the kinds of tasks you delegate to Claude, when you use it the most, and even offer prompts to help you think about how AI fits into your life. It's not all fun in games. Anthropic, also gets something out of it. The more Claude becomes part of your daily routine, the more likely you are to keep using it instead of switch to another AI tool. Neil, I'm team every brand should have a rapt, and I think Claude's version will be very popular. I just need a gimmick. Like Spotify did with your listening age or your Soundtown. Maybe it's, you know, what your role will be

when AI takes over humans based on how polite you were to Claude. Could be, you know, you get friend of the bots or member of the administrative bureaucracy overseeing human activities or if you weren't nice, marked for execution, you know, that would spice things up a little bit. I'm not sure Anthropic would go for that, but I think we need a little gimmick to make it a little more shareable. Mine would be death at the hands of robot. I am not polite. I don't even spell things correctly and go, make it better. So, yes, I love the idea of a gimmick, but I do not want to see what mine would be in your world. Finally, Bonnie Tyler, the Welsh pop star best known for her ubiquitous power ballad, total eclipse of the heart, died yesterday at 75 while being treated for an illness.

Total eclipse of the heart topped the charts when it was released in 1983, but endured throughout the decades thanks to popular covers, and it just being so dang epic. I think I heard the song for the first time in that opening wedding scene in old school, and it changed my life. Re-evaluating the song in 2020, Stereogum wrote its pop music as heart-pounding, chest-thumping, blood gargling, heaven's falling, passion, explosion, its sheer spectacle, its fireworks and lasers and lightning and thunder.

It soars and swoops and barrel rolls. Tyler may be synonymous with total clips, but you should check out the rest of her discography because there's a lot of great stuff, including holding out for a hero from footloose and more notably, Shrek 2. I mean, I was almost late to the show today because before while we were prepping,

I was just watching every single movie scene that has something from Bonnie Tyler in it. I mean, the Shrek 2 scene just brings back. That's not even a good movie, but that scene in particular, you gave me a weird look there. It's a decent movie. It's a decent movie.

But that scene is just absolutely electric. And I do realize that that was how I encountered Bonnie Tyler's discography before. I don't even think I knew that it was a real song outside of Streck 2 because that's just what I grew up on. It is so fun watching the footloose scene as well. There's a tractor chicken scene. So I literally just was in a YouTube rabbit hole. You were trying to focus a little bit. But I was like, hey, watch this new Bonnie Tyler one.

just electric. She's an absolute legend, especially when it comes to pairing her soundtracks with great scenes and movies. And also her song, Total Clips of the Heart, got a boost when there were actual eclipse. If you look at streaming spikes, it went straight up during 2017 and 2024 when they were eclipse. So ultimately, that song is over one billion streams. And I do remember during those eclipses, people would just be playing it when the sun went in front of the moon or the moon went in front of the sun. I don't know exactly what kind of eclipse it was. Yeah, Bonnie Tyler, listen to her stuff. There's also a really good strong songs episode.

It's a podcast that I like where he breaks down different songs, like from a very tactical level. There's one on total eclipse of the heart. He goes into the backs around of the song, how it was made, and all the things that make it just so freaking epic. Maybe we listen to it on the way to Scotland. Let's do it today. That is all the time we have.

Thanks so much for starting your morning with us. Have a wonderful Friday and an even better weekend. We will see you back here on Thursday, but do tune in earlier in the week to regular episodes of MBD. To share your thoughts on the episode or anything else, send an email to Morningbrewdaily at MorningBrew.com or DM us on Instagram at MB Daily Show. Let's roll the credits.

Emily Milliron is our supervising producer. Raymond Lue is our senior producer. Our producer is Olivia Graham, and our associate producer is Olivia Lake. Technical direction by Nina Miller. Hair and makeup is holding out for a hero. Devin Emery is our president and our show is a production of Morning Brew. Great.

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