Steve Eisman, a money manager at Neuberger Berman Group, discusses bank regulation and says too little leverage in the banking system is bad. Peter Navarro, the director of the National Trade Council, says the U.S. has significant trade deficits with 16 nations and Commerce Secretary Wilbur Ross will take a comprehensive look at trade balances. New York Fed President William Dudley says a couple more rate hikes this year seems reasonable. Finally, Mohamed El-Erian, a Bloomberg View columnist, says Brexit is a response to the lack of inclusive growth.
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