>>> SABMiller plc Strength attributed to renewed take over speculation following

SABMiller plc Strength attributed to renewed take over speculation following financial press report of talk of a large $60B syndicate being shopped- Anheuser-Busch has long thought to have been a logical suitor ...any deal will have a big part of shares...ABI is up 2%... SAB is not far from $80bil mkt cap...so even so $60bil will make a deal with 60% cash and 40% stock if we assumed 15 to 20% premium from here...big deal for Inbev but make sens...

Stock has been strong since this morning, all brewers names are strong
CALRB DC +2%
TAP US +5.65%
SAB LN +4.84%

(ZH) China's "Evaporated" Collateral Scandal Spreads To Second Port

China's "Evaporated" Collateral Scandal Spreads To Second Port

Starting back in May of 2013, we first predicted that China's "Lehman event", even more troubling than the recent advent of Chinese corporate bankruptcies and perhaps even its housing crisis, namely the "discovery" that behind China's virtually-infinite rehypothecation machine - the backbone of its shadow funding markets - the amount of actual physical commodities is severely limited and misrepresented, meaning that for every paper claim on an underlying "funding" metal, there are pennies on the dollar, or renminbi as the case may be, of actual underlying collateral. Or, as MF Global's Jon Corzine may say, "it evaporated." A year later, this too prediction has come true, and overnight none other than Goldman laid out a checklist of just how the recent revelation that not all bonded warehouses at the port of Qingdao, China's third largest, will become the catalyst to further CCFD unwinding.

--> Full article {http://bit.ly/1kXmHl9}

>>> Wells Fargo speaking at a conference

- Wells Fargo at conference says alot of people believe that interest rates will be going higher; but right now growth outlook does not support that view

- Wells Fargo at conference sees continued loan growth in auto and C&I loans so far in the second quarter

- Wells Fargo at conference says that new rules regarding qualified mortgages will likely not have an impact on overall production volume

- *WELLS FARGO CFO SAYS 'PEOPLE ARE JUST NOT BUYING HOMES'