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Good morning. Today is Wednesday, May 1st. I'm Julie Morgan.

Starbucks misses expectations on profit and revenue.

Vikings' IPO is set.

And does Google have a deal with News Corp for AI content or not.

Starbucks dropped some bombshells on its earnings conference call.

The coffee chain said it expects full year global revenue growth to be at the low single digit rate down from a prior

forecast of an increase of 7 to 10 percent.

Starbucks also sees U.S. comparable sales growth to be at a low single digit rate to flat

versus the prior expectation of an increase of 4 to 6 percent.

On the development front, the coffee company now sees global unit store growth of 6%, down from a prior

expectation of an increase of 7%. Meanwhile, operating margin is expected to be flat on a year over year basis instead of showing

progressive expansion. The CEO said on the earnings call that this has been a highly

challenged environment and this quarter's results do not reflect the power of the brand, their capabilities or the opportunities ahead.

He went on to say that results did not meet their expectations, but they understand the specific challenges

and opportunities immediately in front of them.

During the earnings call, Starbucks management said consumers tightened their wallets in the U.S. during fiscal

Q2 when it came to food and drink spending.

Looking ahead, Starbucks plans to boost U.S. store traffic this summer with new drink options, including the first energy

beverage from the company.

Starbucks is down 12% in pre-market trading at a new 52 week low. Luxury cruise operator Viking Holdings priced its initial public offering near the top end of an expected range.

Viking and two investors sold 64 million shares for $24 a share near the top end of the

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