Jul 31, 2018

Iran claims no interest in "humiliation" of Trump meeting

Iranian President Hassan Rouhani in Austria. Photo: Michael Gruber/Getty Images

An Iranian offical said Tuesday that it "would be a humiliation" to negotiate with President Trump since he trashed the Iran nuclear deal, Reuters reports.

The big picture: The tension between Trump and the Iranian regime has only increased since Trump pulled out of the deal earlier this year, and additional sanctions are approaching on August 6.

  • Trump said on Monday that he'd be willing to meet with Iranian President Hassan Rouhani "if they're ready," and without preconditions.
  • But the top official of Iran's Strategic Council on Foreign Relations, Kamal Kharrazi, said that based on the country's "bad experiences in negotiations with America...we see no value in his proposal," Reuters reports.
  • Senior aide to Rouhani, Hamid Aboutalebi, said that "reducing hostilities and returning to the nuclear deal are steps that can be taken to pave the bumpy roads of talks between Iran and America," per Reuters.

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There are warning signs that Nevada could be Iowa all over again

Former Sen. Harry Reid (D) lines up to cast an early vote for the upcoming Nevada Democratic presidential caucus. Photo: Ethan Miller/Getty Images

The alarms are increasingly sounding over Nevada's Democratic caucus, which is just five days away.

Why it matters: Similar issues to the ones that plagued Iowa's caucus seem to be rearing their ugly heads, the WashPost reports.

China tries to contain coronavirus, as Apple warns of earnings impact

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

As China pushes to contain the spread of the novel coronavirus — placing around 780 million people under travel restrictions, per CNN — the economic repercussions continue to be felt globally as companies like Apple warn of the impact from the lack of manufacturing and consumer demand in China.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others, mostly in mainland China. There are some signs that new cases are growing at a slower rate now, although the World Health Organization said Monday it's "too early to tell" if this will continue.

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Apple will miss quarterly earnings estimates due to coronavirus

Apple CEO Tim Cook

Apple issued a rare earnings warning on Monday, saying it would not meet quarterly revenue expectations due to the impact of the coronavirus, which will limit iPhone production and limit product demand in China.

Why it matters: Lots of companies rely on China for production, but unlike most U.S. tech companies, Apple also gets a significant chunk of its revenue from sales in China.