*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).
These are the headlines you Need 2 Know.
Nate Boyer, a former NFL player and Green Beret, is the man behind Colin Kaepernick's protests in 2016 when he suggested that the quarterback kneel instead of sit during the National Anthem as a sign of a respect. Two years later, Boyer believes people are missing the point of his protest and not listening to both sides of the issue.
Comedian Erin Gibson said that she believes Louis C.K.'s return to comedy is not welcome and hasn't been earned. Gibson believes retribution is necessary in order to re-enter the comedy space.
These are the headlines you Need 2 Know.
Lance Ulanoff, tech and social media expert, and Ian Sherr, executive editor of CNET News, agreed that Google's decision to not send a top executive to testify to Congress alongside Sheryl Sandberg and Jack Dorsey is going to cause significant damage among lawmakers for the company.
Whichever "senior official" wrote the unsigned New York Times op-ed slamming President Trump should come out of the shadows and resign, said Marc Lotter, former press secretary to Vice President Mike Pence.
The New York Times published a scathing Op-Ed written by an unidentified senior official in the Trump administration, setting off a firestorm of speculation about who the insider is. The writer said he and others in the White House were part of “a quiet resistance” to keep the president in check.
John Carreyrou, the Wall Street Journal investigative reporter who first exposed the fraud at blood-testing company Theranos, said the former CEO of the once high-flying start-up had a chance to minimize the pain years ago, but instead used what money the company had to hide the truth.
The activist, diversity consultant, and author is unsure if tech executives like Sheryl Sandberg and Jack Dorsey are equipped to fix platforms that they in part helped create and which, at least in the case of Twitter, might be fundamentally broken.
Well, that happened.
Far-right conspiracy theorist and verbal bomb-thrower Alex Jones crashed both the Senate and House hearings on big tech Wednesday, commandeering media attention and at one point nearly getting into an altercation with Sen. Marco Rubio.
Jones told Cheddar's J.D. Durkin that he was there to "face my accusers." Jones, who founded the conspiracy site InfoWars, was booted off Facebook and YouTube for peddling hate speech, though he remains active on Twitter.
Load More