President Hassan Rouhani. Photo: Atta Kenare/AFP/Getty Images

Iran on Monday rejected the possibility that President Hassan Rouhani would meet President Trump on the sidelines of the UN General Assembly meeting next week, according to the New York Times.

Why it matters: After Iranian Foreign Minister Mohammad Javad Zarif made a surprise visit to the G7 summit last month, there was speculation that the two leaders could meet in an effort to de-escalate tensions. Iran's dismissal comes a day after Trump accused Tehran of carrying out an attack on two major oil facilities in Saudi Arabia on Saturday and said that the U.S. is "locked and loaded" while it awaits verification of the culprit.

Go deeper: Saudi coalition says Iranian weapons used in oil attacks

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Analysts expect soaring stock market despite slashed earnings forecasts

Data: FactSet; Chart: Axios Visuals

Despite cutting expectations for companies' earnings by the most in history and revenue by the most since 2009, Wall Street analysts are getting increasingly bullish on the overall direction of the U.S. stock market.

What's happening: Equity analysts are expecting earnings in the second quarter to fall by 43.8% — the most since 2008's fourth quarter 69.1% decline.

Case growth outpacing testing in coronavirus hotspots

Data: The COVID Tracking Project. Note: Vermont and Hawaii were not included because they have fewer than 20 cases per day. Chart: Andrew Witherspoon/Axios

The United States' alarming rise in coronavirus cases isn't due to increased testing — particularly not where cases have grown fastest over the last month.

Why it matters: The U.S. doesn't yet know what it looks like when a pandemic rages on relatively unchecked after the health system has become overwhelmed. It may be about to find out.

The impending retail apocalypse

Illustration: Eniola Odetunde/Axios

Because of the coronavirus and people's buying habits moving online, retail stores are closing everywhere — often for good.

Why it matters: Malls are going belly up. Familiar names like J.C. Penney, Neiman Marcus and J. Crew have filed for bankruptcy. Increasingly, Americans' shopping choices will boil down to a handful of internet Everything Stores and survival-of-the-fittest national chains.