KGOU

Jim Zarroli

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.

Over the years, he has reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders, and Ponzi schemers. Most recently, he has focused on trade and the job market. He also worked as part of a team covering President Trump's business interests.

Before moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position, he reported from the United Nations and was also involved in NPR's coverage of Hurricane Katrina, the London transit bombings, and the Fukushima earthquake.

Before joining NPR in 1996, Zarroli worked for the Pittsburgh Press and wrote for various print publications.

He lives in Manhattan, loves to read, and is a devoted (but not at all fast) runner.

Zarroli grew up in Wilmington, Delaware, in a family of six kids and graduated from Pennsylvania State University.

ARI SHAPIRO, HOST:

The turnover in the Trump administration keeps churning on. Tonight the latest news is that acting Department of Homeland Security Secretary Kevin McAleenan is out. He has served in this position since the spring of this year. He took over after Kirstjen Nielsen resigned in April. NPR White House correspondent Franco Ordoñez joins us to talk about this latest departure.

Hi, Franco.

FRANCO ORDOÑEZ, BYLINE: Hello.

SHAPIRO: There's a bit of a delay on the line. But to begin with, what can you tell us about why McAleenan is out?

Updated at 5:06 PM ET

President Trump on Friday announced what he calls "phase one" of a larger trade deal with China.

As part of the deal, a tariff increase planned for next Tuesday will not be imposed. The U.S. was scheduled to raise tariffs on about $250 billion worth of goods on October 15 from 25% to 30%.

The specifics of the deal are still being hammered out, and they haven't been signed yet. President Trump said he hopes that will happen in the next month or so. The leaders of the U.S. and China are expected to meet in November.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

MICHEL MARTIN, HOST:

Copyright 2019 NPR. To see more, visit https://www.npr.org.

MARY LOUISE KELLY, HOST:

Copyright 2019 NPR. To see more, visit https://www.npr.org.

AUDIE CORNISH, HOST:

The chief executive of the country's best-known vaping company, Juul, is stepping down. And a planned merger between two tobacco giants linked to the company was called off. The changes come at a time of soaring controversy over vaping. NPR's Jim Zarroli reports.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

ARI SHAPIRO, HOST:

Democrats running for president next year have worked hard to differentiate themselves from President Trump on issues such as immigration, tax cuts and health care. When it comes to trade, that hasn't been so easy.

Trump, after all, came to office as a fierce critic of U.S. trade policy, arguing that previous administrations had been duped into signing free trade agreements that had cost Americans millions of manufacturing jobs.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

MARY LOUISE KELLY, HOST:

The Texas oilman T. Boone Pickens died today at his home in Dallas. He was 91. During the 1980s, Pickens was one of the most famous businessmen in America. He was known as a corporate raider who launched takeovers of big companies like Gulf Oil.

President Trump stepped up his attacks on General Motors today and called on the company to move jobs back to the United States from overseas.

Trump said in a tweet that the automaker's U.S. workforce was now the smallest in Detroit, noting that the company has shed jobs, "despite the saving help given them by the USA."

The British pound sterling is the oldest currency still in use in the world, dating to the time when Britain was little more than a collection of warring fiefdoms regularly plundered by Vikings.

Since its first use in the eighth century, the pound has survived revolutions and world wars, the industrial age and Thatcherism, and today it remains a powerful reminder of the glory days of the British empire.

But over the years, the pound has lost a lot of its luster, and in the wake of the Brexit turmoil, some economists believe it will only keep losing value.

When President Trump announced a new round of tariffs on Chinese imports last week, he made clear he was ready to sever ties between the United States and China, if necessary, to win the trade war.

"We don't need China," the president tweeted, "and, frankly, would be far better off without them."

AILSA CHANG, HOST:

The trade war between the U.S. and China took an ugly turn this afternoon. President Trump said he was a sharply raising tariffs on all Chinese imports. The president also said today that he was ordering all U.S. companies to leave China. The angry exchange between the two countries sent stocks plummeting. For more on this, we're joined by NPR's Jim Zarroli.

Hey, Jim.

JIM ZARROLI, BYLINE: Hi, Ailsa.

CHANG: So tell us more about this latest announcement by the president.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

NOEL KING, HOST:

Copyright 2019 NPR. To see more, visit https://www.npr.org.

AUDIE CORNISH, HOST:

At 74, Steven Hoffenberg spends a lot of time reflecting on his long and checkered past, which included a lengthy prison sentence for running a Ponzi scheme.

Since last weekend, he says his thoughts have increasingly turned to the man he says conspired with him in that scheme — the notorious sex criminal Jeffrey Epstein, who was found dead in his cell at New York's Metropolitan Correctional Center last Saturday.

Updated at 4:12 p.m. ET

Financial markets made it through another volatile day, amid escalating fears that the U.S.-China trade war will further damage a worldwide economy that is already slowing.

Stocks plummeted as soon as the market opened, sending the Dow Jones Industrial Average down more than 500 points, but they largely recovered by the end of trading. The Dow finished down just 22 points.

Updated at 4:06 p.m. ET

Stocks continue to tumble around the world Monday after China allowed its currency to slide, in the latest sign of economic tensions between Beijing and Washington.

After falling more than 900 points earlier in the day, the Dow Jones Industrial Average closed down 767 points, a drop of 2.9%. The blue chip index has fallen more than 6% from last month's all-time high, while the S&P 500 index lost ground for the sixth day in a row.

Technology stocks such as Apple and IBM were hit especially hard.

Copyright 2019 NPR. To see more, visit https://www.npr.org.

DAVID GREENE, HOST:

The United States and China have been locked in this trade war for about a year now, and it looks like things could intensify.

STEVE INSKEEP, HOST:

Updated at 5:06 p.m. ET

President Trump announced Thursday that the United States will impose a new 10% tariff on $300 billion worth of products imported from China, saying Beijing had broken some of the promises it made in trade negotiations.

The new tariffs, which are set to take effect Sept. 1, represent another ratcheting up in trade tensions between the countries and sent stocks falling sharply.

When Nancy Dunne goes to see her family outside Chicago, she likes to fly Southwest Airlines from Newark Liberty International Airport near her home in Maplewood, N.J.

Starting in November, she'll need to make alternate arrangements.

Last week, Southwest announced it would no longer fly to Newark. The grounding of the Boeing 737 Max after two deadly crashes in Ethiopia and Indonesia has caused the airline to cancel flights and consolidate routes into places such as Newark, which are less profitable.

Pages