Morning Brew Daily Disney and YouTube Are Beefin’ & What’s Behind the ‘K-Shaped’ Economy?
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Nov 3, 2025 Discover the intriguing K-shaped economy where the wealthy thrive while lower-income consumers struggle to keep up. Dive into Disney's battle with YouTube TV over content, revealing the complexities of media negotiations. Marvel at how a casual dinner of CEOs sparked a surge in fried chicken stocks in South Korea. Plus, explore Egypt’s ambitious Grand Egyptian Museum project designed to attract tourists. Stay tuned for insights on upcoming elections and the potential impact of a major Supreme Court ruling.
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K-Shaped Economy Is Taking Hold
- The U.S. economy is bifurcating into winners and losers, forming a K-shaped recovery.
- High earners drive outsized spending while middle-income households pull back, hollowing out the middle.
Top Earners Drive Nearly Half Of Spending
- The top 10% now account for nearly half of U.S. spending, reversing gains made after COVID stimulus.
- Rising repossessions and subprime delinquencies signal stress concentrated among lower-income households.
Pandemic Gains Were Temporary
- The post-COVID boost from stimulus and low rates briefly narrowed inequality, but that trend has reversed.
- Benefits rolling back and higher mortgage rates pushed the economy back toward divergence.