{"id":106612,"date":"2025-10-13T06:00:32","date_gmt":"2025-10-13T10:00:32","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/60-minutes-segment-compares-trump-economy-to-1929-stock-crash-claims-ceos-too-nervous-to-speak-out-106612"},"modified":"2025-10-13T06:00:32","modified_gmt":"2025-10-13T10:00:32","slug":"60-minutes-segment-compares-trump-economy-to-1929-stock-crash-claims-ceos-too-nervous-to-speak-out","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/60-minutes-segment-compares-trump-economy-to-1929-stock-crash-claims-ceos-too-nervous-to-speak-out-106612","title":{"rendered":"’60 Minutes’ segment compares Trump economy to 1929 stock crash, claims CEOs too ‘nervous’ to speak out"},"content":{"rendered":"
\n

A segment on CBS\u2019 “60 Minutes” Sunday night suggested record-high stock market levels under President Donald Trump<\/a> could be a precursor to another crash similar to 1929.<\/p>\n

Host Lesley Stahl spoke with CNBC\u2019s Andrew Ross Sorkin about his upcoming book “<\/strong>1929,“<\/strong> which explores the economic and social buildup to the 1929 stock market crash. Sorkin claimed the United States today was in another “roaring \u201920s” period, with the market climbing for months before the historic downturn.<\/p>\n

“The crazy part about this is, from 1928 to September of 1929, the stock market was up 90%,” Sorkin said.<\/p>\n

WASHINGTON POST THRASHES BIDEN, TRUMP FOR ‘RECKLESS DEFICITS’ PUTTING COUNTRY IN FINANCIAL PERIL<\/strong><\/a><\/p>\n

“When you say the stock market was way up, immediately I think of now. Are you scared?” Stahl asked.<\/p>\n

“I\u2019m anxious. I\u2019m anxious that we are at prices that may not feel sustainable. And what I don\u2019t know is we are either living through some kind of remarkable boom and part of that\u2019s artificial intelligence and technology and all of that, or everything\u2019s overpriced,” Sorkin answered.<\/p>\n

Stahl interjected, “Or we\u2019re reliving\u2013”<\/p>\n

“1929,” Sorkin answered.<\/p>\n

US HEADING TOWARDS ECONOMIC \u2018HEART ATTACK\u2019 IF DEBT IS NOT CUT SOON: WORLD\u2019S LARGEST HEDGE FUND FOUNDER<\/strong><\/a><\/p>\n

Sorkin also told Stahl that he believes a crash will happen but that he\u2019s unsure when and how big it will be. He added that business leaders are also “very scared” of criticizing the Trump administration publicly.<\/p>\n

“They are so worried that they are going to be potentially attacked by the administration, or regulated,” Sorkin said. “They’re gonna have a merger in front of some agency that’s not gonna be allowed to go through. They are so nervous about criticizing anything that’s going on with this administration.”<\/p>\n

CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE<\/strong><\/a><\/p>\n

The stock market has repeatedly hit record highs<\/a> since Trump\u2019s second term began. However, Trump\u2019s second term has also been marked with sharp declines tied to Trump\u2019s tariff threats and uncertainty over trade policy.<\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/strong><\/a><\/p>\n

Most recently, stock markets tumbled<\/a> on Friday after President Donald Trump threatened another tariff hike on China.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/60-minutes-segment-compares-trump-economy-1929-stock-crash-claims-ceos-too-nervous-speak-out <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A segment on CBS\u2019 “60 Minutes” Sunday night suggested record-high stock market levels under President Donald Trump could be a precursor to another crash similar […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-106612","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\n'60 Minutes' segment compares Trump economy to 1929 stock crash, claims CEOs too 'nervous' to speak out - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/60-minutes-segment-compares-trump-economy-to-1929-stock-crash-claims-ceos-too-nervous-to-speak-out-106612\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"'60 Minutes' segment compares Trump economy to 1929 stock crash, claims CEOs too 'nervous' to speak out - 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