Andrew Ross Sorkin says CEOs are scared to criticize Trump publicly

CNBC “Squawk Box” co-host Andrew Ross Sorkin issued a stark warning that a stock market crash is inevitable, while suggesting that American corporate leaders are now too afraid to publicly voice criticism of President Donald Trump.

Appearing on CBS’ “60 Minutes” to discuss his book “1929: Inside the Greatest Crash in the History of Wall Street — and How It Torn a Nation Apart,” Sorkin told reporter Lesley Stahl that corporate leaders operate under a thick cloud of political anxiety.

“My view is that most CEOs in America today are too afraid to speak publicly about anything. They’re so worried that they’re going to be potentially attacked or scrutinized by management,” Sorkin said. “They’re going to have a merger in front of an unauthorized institution. They’re very nervous about criticizing anything that’s going on with this administration.”

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Expresses fears about an upcoming event financial crisisSorkin’s broader warnings focused on what he described as an AI-driven “bubble” and the return of post-crisis financial regulations that eerily mirror the speculation-heavy environment that preceded the Great Depression.

During the interview, Stahl pressed Sorkin on the role business leaders should play in today’s economy. He noted that some economists argue that investors should feel safe because Trump has openly tied his political success to the performance of the stock market, meaning he will take any measures to prevent a repeat of the 1929 Wall Street crash.

However, Sorkin remained highly skeptical about the long-term sustainability of the market’s current highs, noting how quickly economic panics can occur.

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Sorkin pointed to the AI ​​bubble and regulatory rollbacks as to why the market will crash. (Michael Nagle/Bloomberg via Getty Images)

“I think it’s hard to know how out of control things got,” the financial reporter said. “This is what happens when trust is lost,” he added, snapping his fingers.

When asked directly by Stahl whether a catastrophic crash on the scale of 1929 could actually occur again, Sorkin did not mince words.

“The answer is we’re going to have an accident,” Sorkin insisted. “I can’t tell you when it will happen and how deep it will be. But I can assure you that unfortunately – I wish I hadn’t said this – we will have the accident.”

Expressing his fear of another crash on Wall Street in 1929, Sorkin met with CBS 60 Minutes correspondent Lesley Stahl, who asked him, “What role should business leaders play right now?” he asked.

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