Jim Zarroli

Jim Zarroli is a business reporter for NPR News, based at NPR's New York bureau.

He covers economics and business news including fiscal policy, the Federal Reserve, the job market and taxes

Over the years, he's reported on recessions and booms, crashes and rallies, and a long string of tax dodgers, insider traders and Ponzi schemers. He's been heavily involved in the coverage of the European debt crisis and the bank bailouts in the United States.

Prior to moving into his current role, Zarroli served as a New York-based general assignment reporter for NPR News. While in this position he covered the United Nations during the first Gulf War. Zarroli added to NPR's coverage of the aftermath of Hurricane Katrina, the London transit bombings and the September 11, 2001 attacks on the World Trade Center.

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

Zarroli graduated from Pennsylvania State University.

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

Transcript

ARI SHAPIRO, HOST:

Markets tumbled today, hard. It's a continuation of a recent rough patch on Wall Street. Already this year, both the Dow and the S&P are down more than 7 percent. NPR's Jim Zarroli joins us now to discuss the sour mood among investors. Hey, Jim

Lego says it is changing its guidelines for the purchase of large amounts of its iconic toy bricks, a policy that had generated a social media firestorm when used to block sales to Chinese artist Ai Weiwei.

The company said in a statement that it will no longer ask people who want to buy the bricks in bulk what they're using them for:

Just as David Bowie left an indelible mark on music, he also played an important but lesser-known role in the world of finance.

In 1997, Bowie became the first musician to package his future royalties into a security that could be bought and sold by investors, an asset that came to be known as a "Bowie bond."

The sale of the bonds to Prudential Securities netted the musician $55 million. They were downgraded to junk by Moody's Securities in 2004, amid a wave of illegal downloading and weak overall music sales.

Already reeling from a series of food-borne-illness outbreaks, Chipotle Mexican Grill now faces a federal criminal investigation, as well.

The company says it has received a subpoena from a federal grand jury in connection with a norovirus outbreak last fall at one of its restaurants in Simi Valley, Calif.

In August, 189 customers were sickened after visiting the restaurant, as well as 18 Chipotle employees, according to Doug Beach, manager of the Community Services Program at the Ventura County Environmental Health Department, in an interview with NPR.

Democratic presidential candidate Bernie Sanders traveled to the heart of the nation's financial sector Tuesday to issue a scathing denunciation of Wall Street and repeat his call to break up the biggest banks.

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