*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).
Sens. Jeff Flake (R-AZ), Susan Collins (R-ME), and Lisa Murkowski (R-AK) are central to whether Judge Brett Kavanaugh is confirmed to the Supreme Court. On Wednesday, all three reacted with indignation to Pres. Trump's mocking of Prof. Christine Blasey Ford, who's accused Kavanaugh of sexual assault.
The FBI's investigation into Prof. Christine Blasey Ford's allegations against Brett Kavanaugh is likely to be wrapping up soon. As we await those findings, Sen. Chris Coons (D-DE), who serves on the judiciary committee, said the judge's anger at the accusations may be understandable, but his making a direct, partisan attack against Democrats is "not what we expect from our federal judges."
These are the headlines you Need 2 Know.
The FBI's investigation into Prof. Christine Blasey Ford's allegations against Brett Kavanaugh is likely to be wrapping up soon. Senate Republicans have demanded a report, but the FBI continues to broaden its investigation, specifically to a party that was marked in one of Kavanaugh's calendars.
Dipayan Ghosh, fellow at the Shorenstein Center and a former adviser to both Facebook and the Obama White House, said that big tech has been ignoring "the little guy" for a long time and putting tech users and their privacy at risk.
On Tuesday, Amazon announced that it will be raising its minimum wage to $15 an hour. The news comes after months of criticism and even proposed legislation spearheaded by Sen. Bernie Sanders (I-VT) and Rep. Ro Khanna (D-CA). The "Stop BEZOS" Act introduced in the Senate in September would require corporations like Amazon to contribute to the cost of social services for its employees. Khanna was sponsoring a version in the House. He said he commends Amazon CEO Jeff Bezos and believes this move will propel other corporations in the same direction.
These are the headlines you Need 2 Know.
New York Congresswoman Carolyn Maloney was seated behind Prof. Christine Blasey Ford during her Senate testimony last week. The lawmaker, who was seen crying as Ford spoke, said, "It's so sad to me that this is still happening in America...and that in some ways we haven't made that much progress since Ms. Hill testified 26 years ago."
Canada and the U.S. inked a new trade deal late Sunday evening after months of contentious tariff talks between the two allies. Lauren Gardner, reporter for POLITICO Pro Canada, said the trade agreement will benefit dairy farmers and automakers in the U.S.
California became the first state to mandate that publicly held corporations include women on the board. Some people believe that this will prioritize diversity over merit while others, like Asa Regner, deputy executive director for UN Women, say it's a first step toward gender parity in corporate America.
