CNBC “Squawk Box” co-anchor Andrew Ross Sorkin is now reportedly warning that another major market crash is not just possible, but inevitable, as he argues that corporate America has become increasingly fearful of speaking out against President Donald Trump and his administration.
Sorkin made the comments during a sit-down interview with CBS “60 Minutes” correspondent Lesley Stahl, where the longtime financial journalist reflected on concerns surrounding market instability and the fragile nature of public confidence in the economy. The discussion also touched on Sorkin’s latest book, which examines the events surrounding the catastrophic Wall Street crash of 1929.
During the interview, Sorkin painted a picture of what he described as widespread anxiety among major CEOs and technology executives, many of whom he claimed fear political consequences if they publicly criticize Trump or oppose policies coming from the White House.
“Most CEOs in America today are very scared to speak out publicly about anything,” Sorkin said. “They are so worried that they are going to be potentially attacked by the administration or regulated.”
According to Sorkin, concerns inside boardrooms go beyond public backlash and extend into fears that federal agencies could use regulatory authority against companies perceived as hostile to the administration.
“They’re going to have a merger in front of some agency that’s not going to be allowed to go through,” he continued. “They are so nervous about criticizing anything that’s going on with this administration.”
The exchange comes as economic uncertainty continues to dominate public conversation, with investors closely watching markets that have been shaken at times by global instability, political division, and lingering fears about long-term economic confidence. While some supporters of the president argue Trump’s political fortunes are closely tied to the strength of the financial markets, others remain unconvinced that any administration can fully control what happens once investor panic begins to spread.
Stahl raised that exact point during the interview, noting that some economists believe Americans should feel reassured because Trump has consistently linked his own success to stock market performance.
“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 said, “and that we should feel secure because of that.”
Sorkin, however, appeared skeptical that any leader could guarantee economic stability once confidence begins to unravel.
“I think it’s hard to know how things get out of control,” he replied. “When confidence disappears, it happens like this.”
That warning led Stahl to ask the question directly: whether Sorkin believed another crash similar to the disaster of 1929 could happen again.
His answer was immediate and blunt.
“The answer is, we will have a crash,” Sorkin said.
The CNBC host clarified that he could not predict when such a collapse might occur or how severe it would ultimately become. Still, he insisted that market crashes are an unavoidable reality of financial history.
“I just can’t tell you when, and I can’t tell you how deep,” Sorkin added. “But I can assure you, unfortunately, I wish I wasn’t saying this, we will have the crash.”
For many Americans still uneasy after years of economic turbulence and international instability, the comments serve as another reminder of how quickly confidence — both on Wall Street and in Washington — can disappear when uncertainty takes hold.
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