Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to be with you. Today is Wednesday, the 1st of April. I'm Julie Morgan.

Shares of R.H are down 17% in pre-market action. Fourth quarter results and expectations for the first quarter and full

year disappointed investors, despite indications that the company is navigating a dire housing market.

RH stated that fourth quarter in 2025 net revenues were negatively impacted by approximately

$30 million due to higher than anticipated back order

and special order balances as a result of tariff-related resourcing, as well as $10 million

due to adverse weather at the end of the quarter. For the first quarter, revenue is seen

declining by 2 to 4%, translating to a range of between $781 and $797 million,

which is below the $876 million estimates. For fiscal year 26, revenue is expected to increase by 4 to 8%.

Representing a range of between $3.58 and $ 3.71 billion, below the $3.77 billion

consensus estimate. Oracle closed 6 percent higher on Tuesday, the same day the company started laying

off employees. According to Business Insider, Oracle is trying to drive down

costs to support its AI infrastructure buildout. Tech layoff tracker posted on X that the layoffs

will affect 18% or 30,000 of Oracle's global workforce. Seeking Alpha reached out to Oracle,

but a spokesperson declined to comment on the matter.

Oracle sent out an email on Tuesday to its affected employees. It said in part,

We are sharing some difficult news regarding your position. The email went on to say that after

careful consideration of Oracle's current business needs, we have made the decision

to eliminate your role as part of a broader organizational change. As a result, today is your

last working day. Seeking Alpha analyst Justin Piroitz said the layoffs are difficult but necessary.

He said via email that while the headlines are understandably

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