*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).
State and county taxpayers will be asked to commit a record $850 million in public funds toward construction of the Buffalo Bills’ new stadium as part of a 30-year lease agreement.
As the war enters its second month, Russia may be changing course on its strategy in Ukraine. After suffering heavy losses, forces around the capital city of Kyiv appear to have stopped offensive operations and are now shifting their focus to taking over the south and east of the country. Terrell Starr, a foreign affairs reporter at The Atlantic Council, breaks down the latest from Kyiv. "Logistically this war has been a disaster. They have far more troops than [the] Ukrainian army has. What they don't have is good planning. The planning has been incredibly poor," he said.
Catching you up on what you Need to Know on Mar 28, 2022, with peace talks resuming in Ukraine as early as today, Colorado wildfires causing evacuations, Shanghai, China, ramping up restrictions once again, the Oscars debacle between Will Smith and Chris Rock, and more.
Volatility continues to be the name of the game when it comes to crypto. Bitcoin, the most valuable digital token, saw a small jump today - one of several small rallies throughout the month of March. Caitlin Cook, vice president of crypto education company Onramp Academy, joins Cheddar News' Closing Bell to discuss.
As of March 2022, almost 200 Anti-LGBT+ bills have been introduced in state governments across the country — especially directed at the transgender community. Human Rights Campaign State Legislative Director and Senior Counsel Cathryn Oakley joined Cheddar News to discuss the deluge of legislation. "Unfortunately we are seeing these bills come at transgender youth from every conceivable direction," she said. "Every support that a trans kid has, whether that's their parents, whether that's their family, whether that's their teachers or their guidance counselors or their coaches, whether it's their teammates or the librarians and the books that they read, whether it's curriculum, whether it's even just the ability to acknowledge that LGBTQ people have existed throughout history and are important in the fabric of modern American society. The bills that we are seeing filed across the country are targeting all of those pieces."
President Volodymyr Zelenskyy last week seemed to have put out a video that urged Ukrainians to put down their arms and surrender to Russia. It was later revealed that it was a “deepfake,” a computer-generated video to mimic the Ukrainian leader. Cheddar News speaks with security expert Morgan Wright about how the technology is being used in the war in Ukraine.
