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.

When U.S. Trade Representative Robert Lighthizer was growing up in Ashtabula, Ohio, in the 1950s, it was a thriving factory town with a busy port where freighters brought iron ore to be used in the steel mills of Pennsylvania.

Today, many of the biggest factories have long since left the region for low-wage places — taking a lot of jobs with them — and the port ships a fraction of the freight it once did.

Updated at 5 p.m. ET

The partial shutdown of the government reduced federal spending by about $3 billion and cut into overall U.S. economic growth, according to a report released Monday by the nonpartisan Congressional Budget Office.

The report says that because of the shutdown, which lasted from Dec. 22 through last Friday, about $18 billion in discretionary government spending was delayed. Most of the money will be spent later, now that the shutdown has ended.

As President Trump describes it, a steel wall along the Mexican border isn't just about protecting the country from terrorists and drug dealers. It would also be a boon for big steel, an industry he says is essential for American identity.

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The stock market has left many investors struggling to catch their breath.

Just last Wednesday, the Dow Jones Industrial Average gained a record 1,086 points, after sliding 653 points on Christmas Eve. And there were many more days, when the markets swung by hundreds of points. In general, 2018 was a unusually bumpy year for markets.

Steve Heimoff remembers coming home from a restaurant December 10, 2008, to find an email from a cousin with the words "Bad news" in the subject line.

The $2 million retirement nest egg he had counted on was suddenly wiped out, as was much of the savings of his relatives, casualties of the multibillion-dollar Bernie Madoff scam that was dominating the headlines.

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Updated at 9:01 a.m. ET Wednesday

Stock prices tumbled Tuesday amid investor fears about trade, wiping out the gains that followed the Trump administration's decision to delay higher tariffs on imports from China.

The Dow Jones Industrial Average dropped 799 points, losing 3.1 percent of its value, while the S&P 500 index fell 3.2 percent. The Nasdaq composite index plunged 3.8 percent.

In another worrisome sign for the economy, the interest rate on short-term U.S. Treasury securities actually rose above that of longer-term instruments.

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The phrase "just below" neutral might seem bland or innocuous. But those words from Federal Reserve Chairman Jerome Powell touched off a wave of optimism among investors who took them to mean the central bank may be winding down its interest rate hikes.

The Dow Jones industrial average closed up more than 600 points, or 2.6 percent, Wednesday.

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Stock prices plunged again today. The Dow Jones Industrial Average has fallen 950 points in the past two days, or almost 4 percent. And all of the major stock market indexes are now down for the year. NPR's Jim's Zarroli explains what's going on.

Maxine Waters of California is known as a partisan firebrand who gives as good as she gets, especially where President Trump is concerned.

Now, with Democrats assuming control of the House in January, the California Democrat is about to become more visible than ever before, with the power to slow down an important part of Trump's agenda and even shine a light on his company's finances.

Investors worried about a slowdown in global growth helped push stocks sharply lower Monday, with the Dow Jones Industrial Average falling 602 points, or 2.3 percent.

Technology stocks fared especially badly, with Apple down 5 percent, after a report it was cutting orders for iPhone parts. The decline knocked 100 points off the Dow and helped lead to a broader rout. The technology-heavy Nasdaq Composite fell almost 2.8 percent., wiping out its gains for November.

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President Trump promised to cut the U.S.-China trade deficit. Well, just the opposite is happening. That gap reached a record level in September. NPR's Jim Zarroli explains.

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General Electric has booted out its chairman and chief executive, John Flannery, after a little more a year on the job, amid declining profits and cash-flow problems.

Flannery will be replaced by H. Lawrence Culp, a current GE board member who served as chief executive of the Washington, D.C.-based conglomerate Danaher Corp. from 2000-2014, GE said.

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The trade war between the U.S. and China has been tough on soybean farmers here in the U.S. For many of them, China is their biggest market. NPR's Jim Zarroli has been visiting with a farm family in North Dakota.

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Chris Johnson knows all too well how a promising crop can suddenly be ruined — by poor weather, an economic downturn or bad luck.

This year, he and other soybean farmers in North Dakota are contending with something less common but potentially just as destructive: a trade war between the United States and China that has already driven down the price of soybeans sharply.

"Oh, it's a devastating loss. Soybeans are my largest acreage crop," says Johnson, who farms 3,300 acres in Great Bend, in the southern part of the state.

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President Trump is ramping up trade tensions with other countries. Today, he said he's ready to impose even more tariffs on Chinese imports, and he hinted that he may take similar action against Japan. NPR's Jim Zarroli reports.

Updated at 3:06 p.m. ET

With a deadline looming, Canada and the United States headed into talks for a fourth day, trying to hammer out a deal that would rewrite the 24-year-old North American Free Trade Agreement.

Canada rejoined NAFTA talks on Tuesday, a day after the U.S. and Mexico reached a deal, tweaking the free trade agreement. President Trump said he had a new name for that pact: the United States-Mexico Trade Agreement.

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