*By Brian Henry*
Even as British Prime Minister Theresa May suffered an embarrassing defeat as her Brexit vote was voted down in Parliament, and then only narrowly survived a no-confidence vote, investors remained relatively unrattled.
According to Chris Demetriou, the U.S. CEO at Aberdeen Standard Investments, the mild response to the vote was not a surprise.
"There are two elements to it," he told Cheddar Wednesday.
"The vote \[Tuesday\] and the no confidence vote \[Wednesday\] weren't really a surprise to anybody. It's long been speculated Theresa May didn't have the votes to carry the deal through Parliament."
Demetriou said that the decision by British lawmakers to reject the Brexit deal by such a historic margin ー 432 to 202 ーearlier this week actually has investors feeling confident.
"The resounding defeat, the size of the defeat, really suggests that a tweak to the deal probably isn't going to help get it through either. I think that, perhaps, is giving investors confidence that the can will be kicked down the road or potentially even a more formal withdrawal of Article 15."
"Investors want as a little change as possible in the current arrangement," he added.
Demetriou says productive trade talks between the U.S. and China as well as the Federal Reserve displaying patience on future rate hikes have led to less market volatility.
"A lot of the uncertainty we saw in the back end of the year, the escalation of trade discussions, perhaps concern around fed policy coming into 2019 ー a lot of that has reversed in the beginning of January."
But will the relative market peace last?
"There's a lot of positive news or certainly constructive news out there to offset some of the uncertainty that exists," Demetriou said.
"We do expect continued uncertainty, which breeds volatility in the markets and that will continue throughout the year."
For full interview [click here](https://cheddar.com/videos/the-uk-government-survives-no-confidence-vote-after-brexit-defeat).
Going into election day on Tuesday, many of us had an inkling it might not be a great day for Democrats. History tells us the president's party tends to lose congressional seats, governorships and state legislature seats in off-year and midterm elections. Tuesday turned out to be a big wake-up call for democrats. Not only did Terry McAuliffe lose in the Virginia governor's race, Gov. Phil Murphy won re-election by an incredibly slim margin. Both races saw continued Democratic losses in rural areas and a shift of suburban voters back to the GOP. Liz Landers, chief political correspondent at Vice News, joins Cheddar Politics to discuss.
Week one of UN climate summit is coming to an end, world leaders made a number of promises to save the planet. President Biden attended the first two days of the meeting.
Alan Neuhauser, vice president of Silverline Communications, joined Cheddar Politics to talk more about the pledges that came out from the summit and their significance.
It's been a busy week for the Supreme Court. It heard arguments on three of the most watched cases in the docket for this term. The court heard arguments in two cases challenging the Texas abortion law on Monday - one filed by abortion providers and the other by the justice department. Instead of weighing in on the constitutionality of the matter itself, justices focused on the unusual structure of the law that enables citizens to enforce the law, not the state government.
On Wednesday, the court heard arguments in the biggest Second Amendment case in more than a decade. The dispute is over a New York gun law that requires people seeking a license to carry a handgun in public to show a "proper cause." The challengers in this case claim the law inhibits their constitutional Second Amendment rights.
Amy Howe, co-founder of SCOTUSBlog, joined Cheddar Politics to break the cases down.
This is the first installment of Cheddar Changemakers, where we spotlight young activists making a difference in the world and speaking up on issues regarding mental health, voting, and climate change.
Republicans are considered, and often act like, the party opposed to action on climate change. They've made a point of fighting even modest regulations on businesses related to stemming the worst effects of climate change. But Republicans aren't a monolith on climate change, and our next guest reminds us that "conservation" and "conservative" have the same word root.
Quill Robinson, VP of government affairs at the American Conservation Coalition, joins Cheddar Politics to discuss.
The mayor of Portland, Oregon, Ted Wheeler joined Cheddar News Wrap to discuss his plans to get an increase in the city's police budget for more personnel, changes to public safety response, and more body cameras. The Democratic mayor addressed the growth in violent crimes amid the pandemic, but noted the need for officers who take their roles seriously. We want officers who understand that policing is an important responsibility, it's a high calling," he said. "We also want a police bureau that is accountable and responsible to the public it serves."
More American tech companies continue to pull their businesses out of China as the Communist Party cracks down on firms — both foreign and domestic. Yahoo and Fortnite have become the latest companies to withdraw from the country, and the withdrawals come just days after Microsoft announced it would take LinkedIn offline. Shehzad Qazi, managing director at China Beige Book International, joined Cheddar to provide some insight into how the crackdowns in China would also impact the tech companies at home in the United States.
A new report out by the Center for Countering Digital Hate shows how just ten publishers are responsible for the bulk of climate change misinformation on social media--and companies like Facebook and Google are making money off them. Imran Ahmed, CEO of the Center for Countering Digital Hate, joined Cheddar to discuss.
'The Good Liars' are Jason Selvig and Davram Stiefler, a comedy duo that's been shaking up the political world for years. They're out with a new mockumentary, 'The Supporters,' following the 2020 election. Jason Selvig & Davram Stiefler, Stunt Comedians and creators of 'The Good Liars' joined Cheddar News to discuss.
