Ordered the National Guard to restore peace in ferguson. It was another night of violence sparked by the killing of a black teenager by Police Officer just under two weeks ago. We begin with the top story over the weekend, defiant rick perry says he will overcome what he calls a political prosecution after being indicted on abuse of power charges. The legal fight threatens to undermine the texas governors political makeover since his disastrous president ial run in 2012. Peter cook has more on the case meanst perry and what it for his future. Peter, how big of a hit is he facing . How serious are these indictments . This is serious, and certainly damaging. The president ial candidate wants their name in the headline with the word indictment written soon after it but that is what rick perry is facing in texas. It is damaging shortterm. At the same time, ive heard from some democrats that think the case against him maybe flimsy. Because of that, ultimately, this could end up being a plus for rick airey because it could rally republican support around him. At a minimum, it is a distraction. It will be talked about every time he goes to one of those early primary states. Here he is over the weekend defending himself and taking on this case. Im confident that we will ultimately prevail, that this will be a prosecution revealed for what it is. And those responsible will be held accountable. A very confident sounding rate area over the weekend. The reality is, he could have his mug shot taken as soon as this week and also fingerprinted. These are not the kinds of things you want to be happening if youre thinking about running again for president. What exactly has he been accused of doing . Two specific charges. The first is coming is accused of trying to coerce another public official and the other is basically abuse of his official capacity as governor. On the charge about coercing another public official, what were talking about is the Travis County district attorney, who happens to be a democrat, he was asking her to resign after she was busted for drunk driving. She did not resign so he first threatened in the followthrough on a veto of more than 7 million in funding for her office because within her office is a unit of that investigation public corruption in the state of texas. He said he did not have confidence in her ability to carry out that responsibility going forward. That is where this all happened. In light of that, a Watchdog Group filed an official complaint over rick perrys actions. It was into republican judge. He appointed a special prosecutor. It is the special prosecutor that brought this case. A Travis County grand jury approved these indictments and moved this case forward. That is where rick areas right now. But i love the video of the wasted da, by the way. Very embarrassing moment for her. Very embarrassing, im sure. Run for kerrys president was in nursing for him and the entire state of president was embarrassing for him and the entire state of texas. Debate was just awful. How could he think about running for president again . The oops moment from the debate was his real low mark. Surprised when he started putting the wheels of motion to run again. In particular, says rick perry has been a much better candidate this time around, much more comfortable on the stump, much more polished and some of his policy discussions. He has concentrating behind the scenes. The political makeover has been working pretty well. To be fair, this is going to be a longshot challenge for rick perry to be in the front tier of candidates in 2016 given what happened in 2012. He hasnt officially jumped into the race. Certainly, these indictments are going to be a new curveball, if you will, in the equation as he considers a run and how this will play out. This will probably take at least a year to resolve itself is the normal core process takes place in texas. He will be talking about this for a while. Those glasses make him look so much more intelligent and trustworthy, dont you think . I should get some. I will get some by tomorrow morning. In washington, thank you so much for that. Moving and shaking this hour, wikileaks founder Julian Assange for the last two years has been holed up in Ecuadors Embassy in london, now says he will soon leave his refuge. In 2010, with leaks published thousands of lead military and diplomatic cables including u. S. Communications about Foreign Government and the wars in iraq and afghanistan. Julian assange sought asylum in the Ecuadorian Embassy over another legal issue. He doesnt want to be extradited to sweden for questioning in a Sexual Assault case. Caroline hyde is outside the embassy now and joins us with more. What can you tell us about julian and his hideout there . Extraordinary scene. I am about a stones throw away from the Department Store luxury harrods in central london. Media, police are camped outside the Ecuadorian Embassy, waiting to get a glimpse of Julian Assange. Will it happen today or tomorrow . Were not sure. But we understand potentially due to his ill health, this is why he will eventually leave. Why he was confined. He faces perhaps immediate deporting to sweden where he faces allegations of Sexual Assault dating back some four years. That is why he has been here for two years, trying to avoid that the tension. The key areas, what he says he really faces is being sent back whene United States wikileaks did leak thousands of documents, classified documents, of the United States and its interactions with other governments, interactions to do with iraq or afghanistan as well. We want to know the key issue is, when will he leave . Will police swoop immediately and take him immediately to sweden where he faces those allegations of a sexual nature or will he be left for the time being . We also want to get to the bottom of why on earth yesterday seeing choosing now to go. Takenhe more likely to be first to sweden for Sexual Assault charges or would the u. S. Try and bring him here to face charges over leaking classified documents . I have been questioning some of the police and they say they cant really even give us an insight of whether he would be arrested the minute he walks out of the embassy behind me. I might add, it cost about 10 million for 24 hour surveillance of the Ecuadorian Embassy to ensure he would not be swooped upon if you ever did leave. But we understand that probably what would happen, he would immediately be escorted and taken and sent to sweden, first of all the faces allegations of sexual nature, Sexual Assault case that is currently been going on for some four years in sweden. Then he claims it is. The swedish law he fears, but the u. S. Law. He feels once in sweden he would be extradited to the notice its where he would face some key concerns about the documents he leaked. Bradley manning, the member of the army who gave him some of those documents, already in jail in the United States, facing some 35 years. Thanks very much for that, caroline hyde. Maybe pop into harrods and grab yourself a doughnut from the krispy kreme. Another one of our top headlines overseas in iraq, Kurdish Forces have taken control of this dam, the largest in the country, with the aid of u. S. Airstrikes. It has helped rybak the islamic isis, better known as which has been seizing ground in north iraq. For more on the battle to recapture the territory, im willem marx. What is the latest on the dam . For the longest time and there was a dispute on what is critical infrastructure, who actually is in control. Are we sure now that the peshmerga have got it . If you listen to the iraq he ministered offenses book about an hour and a half ago, he said kurdish and iraqi soldiers are now in charge of the dam. If you listen to some of the local officials here, theyre saying it is not entirely true. There are still pockets of resistance. I was watching a live feed on local kurdish tv earlier showed some of the plumes of smoke still on the far side of the dam from where they were filming. There is still some fighting. Most reports indicate these guys have quit the ground. What is the importance of this dam . Ive heard a lot of reports that a4 opens, it could flood as far as baghdad that if it were opened, it could flood as far as baghdad. I think both the u. S. And iraqi ministries over the past have conducted tests that show the ruby a substantial volume of water as far down as baghdad. It is more about the water supply to the region. Some of the forces happen upon the dam earlier today, were finding some explosive devices on the water dam that had been left by some of these militant fighters. It seems to be something everybody really cares about. Issident obama saying, this something we need to do. We need to go on the offensive against this group and drive them back from this piece of critical infrastructure. Many would say the real reason we went into iraq a decade ago was because of oil. How the oil business is being affected in that region, and kurdistan, right now . Numbers, less the than one quarter of the countrys oil comes out of this northern region. But that is still pretty significant given iraq is only behind saudi arabia as an exporter. They say in july, about 3 Million Barrels of oil came out of iraq. The majority from the south. Around seven wells in this morning kurdish region of iraq and not far from your having taken over by isis. The larger ones are still under kurdish control. That does mean some of these local operators have been peering back and pulling some other nonessential personnel out of the country. One i spoke was that it is still business as usual, trucking oil over to turkey. The thirded to sell shipment of oil, which will provide a lot of much needed funding for them given their not getting much from the Central Government in baghdad. Thank you very much, oh willem marx. Coming up, theres never been a classic car auction like this one. 350 million in sales over six days. Plus, you can make your models different than any other on the road. Cinnabon president later this hour will weigh in on mcdonalds franchise fight amid a ruling that could make it easier for employees to unionize. It is time for the bloomberg big number today. It is 152,000. The starting price of the new tricked out tesla model s, about double the price of a standard model if you get the cheapest standard model you possibly can. The ceo of corona california based automotive is known for beefing up usually american muscle cars. It marks the First Electric model the company has worked on. The front and has been upgraded to more aerodynamic shape. Celine also upgraded the drivetrain itself for quicker acceleration. The model is called the 416, im a measure because it i imagine because it generates 416 course power. This announcement can, pebble beach. A place where the wealthiest collectors in the world gather to show off their favorite vehicles as well as buy and sell them. As result, a place where records are broken for prices paid. This year, a record tally of more than 350 million in sales over just six days. Joining me now, someone who is at the event, motoring Department Specialist at bonhams , the auction house that sold the ferrari gto for more than 38 million last week. Tell me first off about the show this year. It is exciting im sure every year, but what were some of the highlights . It was a big year this year for us. It is always a big year for the collector market, a big place for the Collector Car market in general. Augustine cartmell is were the largest volume of cars trades hands ever in the world. This year was especially important with sales of the ferrari gto we had that set a world record for the most viable car ever offered at auction valuable car ever offered at auction. What is it about the ferrari 250 . It is a spectacular machine. They made only 36 of them with the three liter engine. They had prolific race history, every single one of them did incredible things. They just combined the incredible beauty of ferrari road car with the racecar. It is one of those things where it is a purposely designed machine to race and win races. As a result of the way it came out, it looks stunning. Absolutely gorgeous. And for 1954 as well, its just shockingly beautiful. It was more toward the early 1960s. They made them from 19611964 they made the 250 gto model. It was part of the 250 series they started making in the early 1950s and continued nearly to the mid1960s producing that model with a three liter v12, refining it a lot or the way. This is the perfect car to get in, drive to the race track from race and went and drive to the bar is a lot of racers did. I wonder why the 60s seems to be an error that is unbeatable and car design an era that is unbeatable and car design and at auction. Is this the heyday of car building . Nostalgia collecting has always been a pretty strong factor in the Collector Car market. If you think about 50 years ago, people who have reached their peak earning years are now retired. They have a bundle of money sitting under them. They were teenagers when this car came out or they had pictures of it on their wall. This is the car they wanted. So now theyre going out and buying them. There are ready is an increasing trend toward people spending a lot more money on cars from the 1970s, cars we really did not think people would spend as much money on. Had a lamborghini and june that sold for 1. 2 million, which bested our for 1. 8 million. The mid70s supercar. Cars even from the 1980s are doing really well. We had won an auction that sold for 1. 4 million. The last one we sold that i can remember off the top of my head sold for about one quarter of that. It really increased in value and that wasnt too long ago. Got it. Excellent talking to you. Thank you for joining us. Motoring Department Specialist coming to us from california. May fire therint next shot in the mobile wars. You are watching in the loop. Streaminglevision and online. I am matt miller. Bloomberg top headlines this hour, china says theres evidence mercedesbenz has manipulative prices for auto parts and maintenance. A number of foreign Auto Companies are being investigated in an antimonopoly probe. Among them, microsoft and qualcomm. Credit suisse has been caught up in the controversy over the collapse of portugals bingo. According to the wall street journal, Credit Suisse helped sell billions of dollars of securities that played a role in the bangs crippling losses. The journal is also reporting sprint pots new ceo is preparing to roll out new price plans for mobile customers. He took over last week. No word on what his place prince will look like, but sprint has talk, text,limited and data plane for 50 a month. We are on the markets. Scarlet fu has more. Our focus is copper. The directionast of the Global Economy. So far in 2014, copper is the worst performing base metal. For more, ken hoffman who covers metals and mining for Bloomberg Intelligence and joins us from princeton. Here withnder us. Inper has not done well 2014. It has been struggling. What does that say about the fate of the Global Economy . Copper is down about 8. 7 on the cme. Anything that is pretty good because if you look at the other Industrial Metals that people look, iron ore is down 30 . The reason for that some say is one copper has had some pretty bad markets, which was in march and again in june, the Chinese Government has stepped in, the Strategic Reserve board them and they bought about half a million tons of copper, about 3. 5 billion worth of copper. Many believe that has kept the market where it is today. The big question for traders in the second half is if we continue to see any weakness, will the Chinese Government stepped in again and keep prices high . That is been a really big question for copper and copper traders. Bring you into the conversation. What is your take on copper . I think copper for the last couple of years had a biggest collision, has been stuck between three dollars and four dollars. It is really showing the Global Economy is weaker. However, the chinese to use it as a lending vehicle. They put copper up as collateral, which is why they want to keep the prices higher. That is why when it gets down, they come into buy copper. Hink the chinese would be a lot of their loans are based on the price of copper. That is what is used to collateralize a lot of their loans. The overall economy itself looks very weak. Were not getting a lot of growth in the developing countries, which have big use for copper. I think china will try to artificially hold this price up here because of the loan value its got in their country. And i think 3 is probably a pretty good level if youre going to play to get involved in copper on the long side. Looking at it to go back to 4 level. Lets dive into how that trade might pay off. One copper contract controls 25,000 pounds of copper. So of trade makes a profit of . 10 per pound, that is two point 5,000. We think about futures and commodity futures, one that pops up. Give us an example. Andhen you look at copper how traders traded, you can basically go out every single month and buy copper contract. So i can buy for june of next year, july the year after, etc. When you take all the different points on the curve and what those vices are paying for, that is your commodity curve. If it is headed up, that is called contango. If it is headed down, that is called backwardation. There are Different Reasons for that. The is interesting with copper curve, your boat. The price is expected to rise. From three dollars . 10 a pound today after round 3. 15. Thereafter, the cu