Nathan Hager

It's Bloomberg's Red Brown reporting at the open.

McDonald's shares are higher by about a half percent.

A pricier burger chain, Shake Shack, is sinking by 28 percent at the open, its lowest since January of 2024.

Shake Shack missed Wall Street expectations after opting not to raise its prices to deal with higher beef costs.

That's news when you want it with Bloomberg News Now.

I'm Nathan Hager.

This is Bloomberg.

Make decisions.

A poor decision is always better than no decision.

News when you want it with Bloomberg News Now.

I'm Nathan Hager.

The U.S.

and the world are waiting for Iran to respond to the U.S.

offer to reopen the Strait of Hormuz and end a war that's gone on nearly 10 weeks.

This morning, Iran is reviewing a memorandum of understanding from the U.S.

as we hear from Bloomberg's Jumana Bersetchi in Dubai.

Bloomberg's Jumana Bersetchi reports it took 18 months to negotiate the nuclear deal that President Trump rejected in his first term.

Meantime, Israel's carried out its first attack near Lebanon's capital since that ceasefire began last month.

Israel's military says the strike took out the head of Hezbollah's elite Radwan force.

Iran had threatened to back away from the U.S.