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.

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

House Democrats announce an agreement on the new trade agreement expected to replace the North American Free Trade Agreement between United States, Mexico and Canada.

David Pierce was never someone who sat around watching life go by. He worked as a chef and had a catering business on the side. He sang in his church choir and did community theater, where he met his wife.

Then, in his mid-50s, doctors removed part of Pierce's foot, a complication of diabetes.

"My health just went, kind of really downhill. It really took a turn for the worse," says Pierce, sitting at his dining room table in his tidy home in Apalachin, N.Y. "I couldn't maintain even a part-time schedule."

When Gordon Sondland arrived at the Capitol last month to provide what would be pivotal testimony in the Trump impeachment inquiry, a reporter asked the U.S. ambassador to the European Union, "Are you here to salvage your reputation?"

"I don't have a reputation to salvage," Sondland shot back.

Until recently, Sondland, 62, had a pretty low profile outside his hometown of Portland, Ore., where he and his wife, Katy Durant, are big Republican donors and contributors to numerous arts and civic organizations.

When President Obama signed the Family Smoking Prevention and Tobacco Control Act in 2009, it gave government regulators an important new weapon in its battle against Big Tobacco.

For the first time, the Food and Drug Administration had the power to regulate the manufacturing, distribution and marketing of tobacco products, including the new and then-largely unknown practice of vaping.

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

MARY LOUISE KELLY, HOST:

Billy Carter appeared to relish his role as the president's colorful kid brother, raking in money through personal appearances, guest shots on TV's Hee Haw and even his own eponymous brand of beer.

When it came out that he had also accepted money for lobbying from the Libyan government, his financial dealings no longer seemed quite so funny.

Being related to a high-ranking politician can be lucrative, as former Vice President Joe Biden's son Hunter has discovered.

Eric Trump says his family may be willing to sell the lease on the historic Trump International Hotel in Washington D.C., because of criticism the president uses the property to profit off his office.

"People are objecting to us making so much money on the hotel and therefore we may be willing to sell," he said in a statement released today.

In the statement, Eric Trump said the Trump Organization looks forward to working with Jones Lang Lasalle, a commercial real estate firm, to try to sell the property.

The last time Samya Stumo's family heard from her, she had sent a text letting them know she was about to board an Ethiopian Airlines flight from Addis Ababa to Nairobi. She would write again when she got there, she promised.

But the 24-year-old from western Massachusetts was among 157 people who were killed when the flight crashed last March.

For her family, it was the start of a painful, grief-choked odyssey that has turned them and dozens of other families into reluctant activists, taking on federal regulators and Boeing over the crashes of two 737 Max airplanes.

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.

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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.

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."

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

NOEL KING, 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.

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.

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