CNBC’s Squawk Box co-anchor Andrew Ross Sorkin warned {that a} market crash “is coming” as he claimed that prime company CEOs in America are too “scared” of what “criticizing” President Donald Trump may value them.
The feedback got here throughout a sit-down with CBS 60 Minutes correspondent Lesley Stahl which aired final October about his most up-to-date e book 1929: Inside the Greatest Crash in Wall Street History and How It Shattered a Nation.
In the interview, rebroadcast in a 60 Minutes rerun on Sunday, the Squawk Box co-anchor described a local weather of hysteria amongst prime tech executives who worry political retaliation from the White House in the event that they publicly criticize the president or his insurance policies.
“Most CEOs in America today are very scared to speak out publicly about anything,” Sorkin mentioned. “They are so worried that they are going to be potentially attacked by the administration or regulated. They’re going to have a merger in front of some agency that’s not going to be allowed to go through. They are so nervous about criticizing anything that’s going on with this administration.”
“There are some economists who suggest that because Mr. Trump ties his success to the success of the market, that he’s not going to let anything like what happened in 1929 happen,” Stahl mentioned, “and that we should feel secure because of that.”
“I think it’s hard to know how things get out of control,” he replied. “When confidence disappears, it happens like this.”
When pressed straight on whether or not one other crash just like the 1929 catastrophe might be forward, Sorkin response was blunt: “The answer is, we will have a crash.”
“I just can’t tell you when, and I can’t tell you how deep. But I can assure you, unfortunately, I wish I wasn’t saying this, we will have the crash,” he mentioned.
Watch above through CBS.
UPDATE (5/25/26): Andrew Ross Sorkin’s above remarks have been made in a 60 Minutes interview which originally aired on October 12, 2025 and was rebroadcast on May 24, 2026. This article has been up to date for readability.
The submit CNBC’s Andrew Ross Sorkin Warns ‘Crash Is Coming’ — But CEOs Too ‘Scared’ to Stand Up to Trump first appeared on Mediaite.