"Brink Of DISASTER!" Andrew Ross Sorkin On Elon Musk, AI Bubble + Ryan Cohen's “Hostile” eBay Plot

June 19, 2026

AI Summary

5 min read

Andrew Ross Sorkin, the veteran financial journalist and author of the new book 1929, joined Piers Morgan to argue that the global economy is showing the same warning signs that preceded the Great Depression—and that the biggest risk may not be a crash itself, but the fact that the U.S. government has run out of room to respond to one. Sorkin is not predicting a collapse tomorrow, but he believes the parallels are too close to ignore: a stock market at all-time highs, a transformative but overhyped new technology (AI instead of radio), a "democratization of finance" that lets everyone buy lottery tickets, and a debt-fueled expansion that looks increasingly fragile.

The AI Bubble and the Double-Edged Sword

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What you'll learn

1 (00:00) **Episode Open & Thesis Setup** - Piers Morgan introduces the central question: is the economy on the brink of a disaster like 1929, with Elon Musk as the world's first trillionaire and AI fueling a potential bubble?
2 (02:36) **Andrew Ross Sorkin Joins: "Too Big to Fail?"** - Sorkin enters and immediately addresses whether the global economy is "too big to fail," setting up the central tension of the interview.
3 (03:19) **Parallels Between 1929 and Today** - Sorkin draws direct historical parallels: all-time high stock markets, new technology (AI vs. radio/automobiles), tariffs, and the "democratization of finance."
4 (05:35) **The AI Bubble: A Double-Edged Sword** - Sorkin explains the AI boom as a potential bubble, but also warns that even if AI succeeds, it could destroy jobs and consumer purchasing power.
5 (09:28) **Elon Musk: Force for Good or Not?** - Sorkin assesses Musk as a "demonstrable force for good" and a genius, but acknowledges valid critiques of his behavior and platform.
6 (11:32) **The Greatest Businessman of All Time?** - Sorkin explains why he would bet on Musk over other titans, citing his ability to find new revenue streams (e.g., SpaceX data centers) and turn failures (X) into assets.
7 (13:38) **Billionaires, Inequality, and the Tax Question** - Sorkin responds to Lewis Hamilton's claim that billionaires shouldn't exist, focusing on political polarization from inequality rather than the existence of billionaires.

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Guests on this episode

Andrew Ross Sorkin Ryan Cohen

Show Notes

There’s growing concern about the state of the global economy. Warnings about the so-called "AI bubble" and escalating conflict in the Middle East have led a number of commentators and market experts to predict that a major downturn could be on the horizon. Some have even gone further, with one renowned forecaster warning that the world may be heading towards a global depression. With fears of history repeating itself, Piers Morgan is joined by broadcaster and author Andrew Ross Sorkin, whose new book 1929: Inside the Greatest Crash in Wall Street History examines the events that led to the Wall Street Crash and the lessons they hold for today's economy. Later, GameStop CEO Ryan Cohen joins Piers to discuss reports that he is exploring a hostile takeover of eBay. Cohen explains the thinking behind the move and what it could mean for shareholders and the future of online retail. Piers Morgan Uncensored is proudly independent and sponsored by: Mars Men: For a limited time, our listeners get 50% off FOR LIFE, Free Shipping, AND 3 Free Gifts at Mars Men at Mengotomars.com.

00:00 Introduction

02:06 Andrew Ross Sorkin’s interview with Piers

03:00 Andrew on his new book ‘1929: Inside the Greatest Crash in Wall Street History’

07:14 The risk of AI

09:01 Is Elon Musk a force for good or not?

09:57 AD: MARS MEN - Get 50% off FOR LIFE, Free Shipping, AND 3 Free Gifts at Mars Men at Mengotomars.com

10:58 Piers asks Andrew: “Who is the one individual he would invest his net worth in?”

13:13 Lewis Hamilton’s statement on millionaires

14:50 Current debt in America

16:58 Donald Trump and the state of the US economy before and after the war in Iran

21:00 How is the stock market still afloat amidst the Iran war?

23:03 What is the best and safest way to get rich?25:15 What is the world going to look like 100 years after 1929?

28:18 Andrew Ross Sorkin on Ryan Cohen’s GameStop’s financing to acquire eBay

29:22 Andrew reacts to Ryan Cohen’s response

31:05 POLYMARKET POLL: Will GameStop acquire eBay? (https://polymarket.com/event/will-gamestop-acquire-ebay)

33:48 Andrew on power lunches

34:44 Ryan Cohen reacts to Andrew Ross Sorkin’s interview with Piers

38:40 Hype around SpaceX launch

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