mmerelles is correct, the aircraft is behaving as intended.
While you are in a VNAV PTH descent, the correct behaviour for the A/T is to go to RETARD first, then to revert to ARM. While in RETARD, you can not grab control of the throttles, only while in ARM.
The intention is for the plane to have idle thrust and glide down the pre-calculated path.
The autothrottle is "watching" the speed, though - if you are too fast, you will eventually get the "DRAG REQUIRED" message, if you get too slow, the autothrottle will revert to FMC SPD and add thrust until you are back on speed - then the cycle will go RETARD-ARM again.
Jan