Jim Zarroli | KGOU
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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.

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.

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

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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.

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We have news this morning about the financial hit that Boeing has taken because of its 737 Max planes. The company, you might remember, had to ground those planes earlier this year after two crashes, one in Ethiopia and one in Indonesia. Three hundred and forty-six people died in those crashes. Now this morning Boeing has issued its financial results for April, May and June, and NPR's Jim Zarroli was paying attention.

Good morning, Jim.

JIM ZARROLI, BYLINE: Good morning.

Former New York District Attorney Robert Morgenthau, who died Sunday just 10 days short of his 100th birthday, was a towering figure in law enforcement, taking on mobsters, corrupt banks, murderers, drug dealers and crooked politicians.

During 40 years in public life, the patrician Morgenthau oversaw the prosecution of some of New York's most infamous criminals, including subway shooter Bernhard Goetz, Tyco Chairman Dennis Kozlowski and Mark David Chapman, who murdered John Lennon.

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To visit California's Imperial Valley is to enter a sleepy place worlds away from the glamorous boomtowns of California's coast. Pickups outnumber BMWs. Vast farms irrigated by the Colorado River stretch as far as the eye can see. Few tourists walk its hot, dusty streets.

Yet the valley lies just two hours from the beaches and swanky subdivisions of San Diego, in the hard, rocky desert terrain near the Mexican border.

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FedEx is pushing back against the Trump administration's efforts to target a Chinese telecom. The government says Huawei Technologies is a threat to national security. It added Huawei last month to a list of companies that Americans are not supposed to do business with. Well, FedEx says those rules are nearly impossible to comply with. It's suing the Commerce Department. NPR's Jim Zarroli has more.

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Updated on June 7

The job market has improved greatly over the past decade, meaning the great majority of people who want to work can do so.

But one thing puzzles economists: The labor force participation rate has still not recovered to levels seen before the Great Recession. In other words, very many people have left the workforce and not returned. They may have done so for a variety of reasons, such as health, family problems or a simple desire not to work.

Ames, Iowa, has the lowest unemployment rate in the country. That's great for workers — but a challenge for those looking for them.

Tanisha Cortez is one of those benefiting from this tight labor market. The restaurant where Cortez worked closed in late November, so she went looking for a new job. She submitted applications to about half a dozen companies.

Almost right away, she got offers from every one of them. And she was working again at a new restaurant two weeks later. She will earn $2,000 more a year than she made at her old job.

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One morning a year ago, federal immigration agents swept into the Midwest Precast Concrete plant in Mount Pleasant, Iowa, and arrested 32 men who were working there illegally.

"I was in the car eating when all of a sudden they all arrived," one worker tells NPR. "They took me out of the car and put handcuffs on me and on everyone else too. They even had a dog." The worker did not want his name used because his case is being heard by a judge.

Bob Best enthusiastically supports President Trump's tough policies against China and other countries.

"I'm not a big tariff guy. I'm a free trade guy," says Best, who manages a heating and air conditioning company in Kennesaw, Ga.

"But sometimes when the bully just doesn't listen, you've got to punch him in the mouth. And that's what he's doing."

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