Sorkin Warns of Imminent Stock Market Crash Amid CEO Concerns

COLUMNIST Andrew Ross Sorkin, co-anchor of CNBC’s “Squawk Box,” has warned of an unavoidable stock market crash. He claims that American corporate executives feel too intimidated to openly criticize President Donald Trump. During an appearance on CBS’s “60 Minutes,” Sorkin discussed his book, “1929: Inside the Greatest Crash in Wall Street History – and How It Shattered a Nation.” He told correspondent Lesley Stahl that many business leaders act under a sense of urgent political anxiety.

Sorkin stated, “In my view, most CEOs in America are now scared to speak out publicly about anything. They’re worried about potential attacks by the administration or facing regulation.” He added that they fear merger obstacles during agency approval processes and remain uneasy about expressing criticism of the current administration’s policies.

During the discussion, Stahl explored the presumed role of business leaders in today’s economy. Some experts believe investors should feel secure as Trump views stock market performance as linked to his political success. This expectation suggests he would avoid a repeat of the 1929 Wall Street collapse. However, Sorkin expressed skepticism about the sustainability of current market highs, highlighting the fast emergence of economic panics.

Sorkin pointed out an artificial intelligence-driven “bubble” and the rollback of financial regulations post-crisis as foreboding signs that could lead to an economic downturn. He indicated that loss of confidence could swiftly escalate, signaling potential for a sudden market collapse.

When asked by Stahl if a 1929-style crash could occur again, Sorkin stated unequivocally that “we will have a crash,” though he couldn’t predict its timing or severity.

Joshua Q. Nelson, a reporter for Fox News Digital, covers cultural trends, education, and public policy. He has reported extensively on reparations, the Department of Education, and immigration issues. Nelson joined Fox News Digital in 2019, and has educational ties to Syracuse University and the University of Pennsylvania’s Wharton School.