Tuesday, June 9, 2026

Markets: "There's something wrong with our bloody ships today, Chatfield"

Helicopters too.

First up, lifted in toto from CNBC, June 9

Trump says U.S. must ‘respond’ after Iran shoots down helicopter over Hormuz Strait

  • President Donald Trump said the U.S. will “respond” as he accused Iran of shooting down an Apache helicopter that was patrolling over the Strait of Hormuz.
  • The two pilots involved in the attack “are safe and injured,” Trump wrote, but the U.S. still “must, of necessity, respond to this attack.” 

President Donald Trump on Tuesday said the U.S. will “respond” as he accused Iran of shooting down an Apache helicopter that was patrolling over the Strait of Hormuz.

The two pilots involved in the attack “are safe and injured,” Trump wrote in a Truth Social post. “Nevertheless, the United States must, of necessity, respond to this attack.”

U.S. Central Command earlier Tuesday revealed that the American AH-64 Apache had gone down “near the coast of Oman” on Monday evening ET.

Centcom did not initially blame Iran for the downing, saying in a statement that the incident is under investigation.

The two soldiers involved in the crash were rescued within about two hours by U.S. Naval Forces Central Command and the 82nd Airborne Division, Centcom’s post said.

Also at CNBC:
Stocks tumble, with Nasdaq shedding 3% as chip comeback fizzles: Live updates

*Comment of Admiral Beatty to his Flag Captain at the battle of Jutland after HMS Queen Mary blew up, 31 May 1916. It was the second of his ships to be destroyed in 25 minutes:
16:00 hrs-16:05 hrs, Indefatigable explodes leaving two survivors.
16:25 hrs, Queen Mary disintegrates, twenty survive.
2200 of his sailors vaporized. Admiral Beatty was a bit of a dimwit so he was, of course, promoted, appointed First Sea Lord and granted an Earldom.

Although I had posted the story a few times previously, the most memorable usage was on September 15, 2008:
Things that make you go "Hmmm" (AIG; LEH)
Watching Lehman crossing on the tape at two bits. The world's largest property casualty insurer in the $5's. Hmmm. ...
"There's something wrong with our bloody ships today, Chatfield"