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Furniture CEO: 'Oh sh*t' as stock plummets more than 40% on earnings call

During an earnings call, the CEO of RH, formerly known as Restoration Hardware, reacted in real time as the company’s stock dropped more than 40%. RH has supply chains across the world and expects costs to rise under President Donald Trump’s newly announced tariffs.

01:03 - Source: CNN
Tariffs and trade 17 videos
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Furniture CEO: 'Oh sh*t' as stock plummets more than 40% on earnings call
01:03
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Kevin O'Leary says US has to train China 'like a puppy'
01:57
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Peter Navarro brushes off concerns over market whiplash as 'pure spin'
03:00
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Canadian official says what it will take for them to drop their tariffs 'tomorrow'
01:43
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'The worst self-inflicted wound': Former treasury secretary blasts Trump's trade war
03:13
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Small business owner says tariffs pause was the 'final nail in the coffin'
02:16
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Economist's recession warning: 'Someone's going to need to blink'
01:34
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Erin Burnett breaks out whiteboard to explain Trump’s tariff math
03:26
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How much more sneakers would cost if made in the US
00:26
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John Bolton: Trump's tariffs are a huge opportunity for China
01:13
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‘Definition of stupid’: Scott Galloway on tariff damage
02:46
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Traders work on the floor of the New York Stock Exchange during morning trading on April 07, 2025 in New York City. All three major stock indexes dipped again at the opening of the stock market for the third straight day with the Dow Jones dropping over 1000 points and the S & P 500 nearing bear market territory amid U.S. President Donald Trump's sweeping new tariffs and other countries' retaliations.
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Retiring in this market? Hear a financial planner's top three tips
01:24
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Trump trade official defends tariffs against Australia despite US trade surplus
02:08
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Economist says there's a math error in the formula used to calculate Trump's tariffs
02:19
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How American consumers will be 'hammered' by tariffs: Tom Foreman explains
02:58
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A man checks an iPhone 16 Pro as the new iPhone 16 series smartphones go on sale at an Apple store in Beijing, China September 20, 2024.
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Expert predicts how much an iPhone would cost if it was made in the US
02:17
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See Richard Quest's reaction to Trump advisers' tariff remarks
01:48
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