*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).
Sen. Elizabeth Warren spoke with J.D. Durkin about the accusations against Supreme Court nominee Brett Kavanaugh and the response from President Trump that Democrats are engaging in a "con game." She says if the president really believes the accusations aren't true then he must want a full investigation by the FBI. "Have at it, Mr. President," she said.
Stocks were mixed Tuesday, a day after tariffs on $200 billion worth of Chinese imports went into effect. Art Hogan, chief market strategist for B. Riley FBR, said investors have been taking the escalating trade war in stride, but whether that can last under these new tariffs will be the question to watch in the weeks ahead.
Hugh Jackman's forthcoming film "The Front Runner" follows former Sen. Gary Hart and his rise and fall in the 1988 presidential election. Cheddar spoke with Jackman about how he approached the role and why it was so important for him to meet Hart.
A year after delivering his "fire and fury" speech that threatened to annihilate North Korea and its "little rocket man" leader, President Trump addressed the annual United Nations General Assembly Tuesday, expanding on his "America First" motto and replacing North Korea with Iran as the major antagonist.
These are the headlines you Need 2 Know.
The newest round of tariffs on China imposed by the Trump administration will be damaging for American farmers, particularly soybean and corn growers, said Kimbal Musk, the restaurateur (and brother of Elon) who founded the Kitchen Restaurant Group. Because farmers can only "innovate once a year" during harvest, what they need most is certainty.
U.S. markets dropped Monday as questions over the future of Deputy Attorney General Rod Rosenstein added to investor concerns, which were already heightened by the onset of the latest round of tariffs on Chinese goods. "The political environment seems to be mayhem on a daily basis, and we're just going to have to get used to that," said Jason Moser, analyst at The Motley Fool, in an interview on Cheddar Monday.
From Omarosa to Bob Woodward to Jeanine Pirro, authors are cashing in on the Trump presidency. Brent Lang, a film and media editor for Variety, said that sales of books on the Trump presidency ー regardless of political leanings ー are surging as readers want to make sense of this era.
Deputy Attorney General Rod Rosenstein has left a meeting at the White House with Chief of Staff John Kelly and remains, for now, employed.
These are the headlines you Need 2 Know.
