*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).
Robin Koval, CEO and president of the anti-smoking Truth Initiative spoke to Cheddar on Thursday about the FDA's decision to seek restrictions on flavored nicotine products and menthol cigarettes. She said she's pleased with the progress, but is calling for more robust restrictions.
The FDA is moving forward with its proposal to restrict sales of most flavored e-cigarettes including popular brand Juul.
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Amazon announced Tuesday that it will split its second headquarters in two, placing half the workforce in New York City and the other half in Northern Virginia. Sen. Mark Warner (D-Va.) is a supporter of the move and told Cheddar its residual impact will benefit the entire region.
Sen. Mark Warner (D-Va.) spoke with Cheddar's J.D. Durkin about Amazon's move to Crystal City and what it means for the people of Virginia. "This is both going to be an economic driver and, frankly, put this region more on the map as a tech headquarters," Warner told Cheddar.
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While President Trump and Florida Gov. Rick Scott continue to claim the recount in three tight Florida races is rampant with abuse, state law enforcement authorities say they have no concrete allegation of voter fraud to investigate. Ana Ceballos, politics reporter for the USA Today Network in Florida, updated Cheddar on the latest.
Not many Californians are pleased with President Trump's weekend Twitter response to the wildfires that are devastating parts of California ー especially not Congressman-elect Harley Rouda. Fresh off a victory in California's 48th Congressional District, the newly-elected House Democrat had some choice words for the president during an interview on Cheddar Monday.
Over the weekend, the NRA criticized doctors for advocating for gun control by telling them to "stay in your lane." That was swiftly met with an online movement of doctors sharing their stories of seeing the aftermath of gun violence up close.
Dr. Ana Maria Lopez, president of the American College of Physicians, told Cheddar that physicians live by a code that requires them to address gun violence as a crisis.
