. -- takata said she could not comment. u.s.egulators ordered the replacement of 40 million more airbags. borrowers and investors across the gulf region are adjusting to in lands -- a new landscape. qatar sold $9 billion of euro bonds. the deal brings sales from the region to almost $30 billion, as energy exporting nations borrow on the international market. hases in banco popular plunged after the spanish lender said it would raise by selling new shares to the company plans to use the money to clear failed real estate assets and restore probability. for yahoo!de a bid according to people familiar with the matter. it has previously been thought the telecom giant had decided against making an offer. shares in yahoo! fell 5% yesterday. at&t was little changed. that is the bloomberg business flash. francine: thank you so much. everything you need to know about today. two to three hikes the year, the first will come in june or july, that seems to be the consensus from fed speakers. one of the factors that could derail the june hike

quite a big problem for takata . ktvu fox 2 news what about fixing the problem? >> before today, the fines were $70 million and $200 million in repairs. that is over a quarter of the -- of $1 billion. that is to say nothing of the lawsuits that could come from this from the people killed or injured and potentially some of the problems that will be between the car manufacturers and their suppliers. there were pronouncements by the federal government that takata took a casual attitude toward safety and that is something the manufacturers don't like because they are suit all the time for all kinds of things. this may cook it for some manufacturers. it is a major mess, but chances are that one in four of our viewers will be getting a recall notice from their carmakers say that your airbags are potentially explosively dangerous. >> tom, thank you. >>> the push to legalize marijuana hit a milestone in california. a bill that could be in the bat -- on the ballot in just six months. >>> changing the bay area's status quo for flying. see the new plane that nearly anybody

--ing up, to counter looks takata rose up bankruptcy and looks for a buyer. ♪ angie: takata is said toruled out bankruptcy. the company is seeking buyers to take a controlling stake instead to inject funding. let's examine this with our auto editor in tokyo. what is their top priority here? they recognize their responsibility is first and foremost to supply replacement airbags to clean up the mess they have caused with these recalls. a big role that being played by their competitors. they have replacement airbags using inflator is from companies like trw here in japan, but takata is still supplying replacement kits. that is an important process for them to stick to. it is something the regulators , they cannot along skirt that responsibility. regardless of what happens with takata, they must do that going forward. they want to continue to protect their business of airbags, seatbelts, and are looking to that arecore assets not core so that they can raise funding to get through this. angie: how far along his takata in finding a by area code -- in finding a buyer? guest: we know that the

so takata is in dire straits. having a lot of problems and it's been plagued by the defects with the air bag since 2008. 11 deaths at least and more than 100 injuries so there is a backlash from the public and auto pagers. including honda which was its biggest client. it's now walked away from supply deals and they have been hit by mounting recalls costs. and really not enough to account for to compensate for this mounting legal bill it is facing so short-term it needs a cash injection. longer term it needs to restructure. we need details of a road map. lasard apparently are going to help on both fronts. so we need to see what kkr and private equity can really bring to the table in terms of turning this company around. worst case scenario, takata's steering committee have not ruled out a bankruptcy filing if the restructuring fails. so all eyes on what kkr and has address can bring to the table right now.lazard can bring to t right now. >> thank you sri. to continue about investing in asia, mark tinker joins us. w

an additional 35 to 40 million takata air bags have a deadly flaw. jeff glor's following this. >> this issue is urgent. on march 31st, we had the 10th confirmed fatality in the united states. >> reporter: administrator mark rosekind said today the effort to replace defective takata air bags has to move faster, even though the task is monumental. >> replacements need to be specifically engineered for each of the affected models. >> reporter: the problem is ammonium nitrate, a volatile chemical the takata corporation started using 15 years ago to cut costs. ammonium nitrate breaks down over time, especially in high heat, high humidity climates, and can cause the air bag inflator to malfunction, potentially sending shrapnel through the vehicle. over eight million inflators have been replaced so far, but that's less than 12% of the total inflators now involved. making the fixs have not been easy. drivers have been calling and waiting. hundreds of injuries have also been linked to the faulty inflators, including the air bag explosion that left a hole in a

one might think, are there even any takata airbags left out there?t do people on wall street make of this devastating news for takata? >> the stock of takata does not get traded at the new york stock exchange but we do see the stock falling quite a bit in japanese trading. overall, almost every fourth vehicle on u.s. roads are affected. there is also the claim that takata actually withheld information and misled consumers. so it is pretty likely that there will be a lot of lawsuits following up. >> stock seven retreated for the second day. were investors not satisfied with the current job data in the u.s.? >> that was probably one reason stocks traded lower. tuesday we had global growth concerns and wednesday we had lower economic data. job growth was lower than expected. on friday will get the big job report but the job data was one reason why trading went weaker here in new york. >> finally, the new york stock exchange is owner has challenged plans to derail the merger to the london stock exchange and deutsche burrs appear in germany. tell us more.

why the takata airbag recall is expanding by the millions. >> the biggest auto recall. how about the most boring auto crash? i will tell you all about it coming up. >>> how about a little snack? can you smell the garlic in the reason that aroma can soon be coming to hundreds of bay area mcdonald's. >> air back maker takata may be adding tens of millions of air back inflators to what was already the biggest recall in american history. talks are under way and expanded recall could more than double. the 28 million inflators that have already been recalled that must be replaced. they are blamed for at least 11 deaths and dozens of injuries across the country. >>> more than $3 million settlement from asiana airlines has been accepted by san francisco leaders. the money will cover airport damages and liam skofts stemming from the 2013 landing at sfot. board of supervisors unanimously accepted that offer from the airline yesterday. ntsb determined pilot error caused that crash. sadly, three people died. >>> south bay travelers have a new option to get across the pond. >> today

we are talking about takata searching.d and bridgestone disappointing -- driving the nikkei down. bridgestone has fallen the most vittorio to has forecasted 35% net drop after a fourth quarter is also looking of course and mitsubishi -- waiting for mitsubishi -- casio computer, the biggest drop on the broader after forecasting a profit below estimates just looking at some of the australian stocks. has surgedleisure after bumping up his profit forecast. myer coming forward. and westpac -- dividend. a lot of movers coming through in the region. let's have a look at hutchison. the coveted ticket is one hk on the weekend. right. for 02.etoed a bid let's have a look at all of this. this is the second time in two months li ka-shing has entered setbacks. was a hardliner ruling coming out of the eu, rejected by the eu commissioners and the regulators. the deal was to merge hutchinson three with o2 to create the largest mobile carrier in the u.k. but with the commissioner of competition said, she said that the u.k. is very competit

collision of what is already are costly crisis for takata. 40 different carmakers have been told to recall 24 million cars to fix airbags made by the company. it was found they could inflate with too much force and should metal shards into cars could at least 11 deaths have been linked to the problem worldwide. let's listen into the head of the national highway traffic safety administration in the u.s. airbag recall from which we are more than doubling today, is the largest and most complex recall in u.s. history. this issue is urgent. 10thrch 31 we had the confirmed fatality in the united states due to a rupture of a recalled in flavor. just this morning, honda announced there have been 2 more fatalities in malaysia in just the last two weeks due to ruptures of the takata airbag inflator is. markus: already we are hearing that 69 million airbag inflators in total are being recalled , as takata is facing the status and the crisis. the franco dutch airline group posted a smaller than expected loss in the quarter. it was held by the word fuel costs as it said the brussels and paris at

an additional 35 to 40 million takata airbags have a deadly flaw. jeff glor is following this. >> this issue is urgent. on march 31, we had the tenth confirmed fatal team. >> reporter: the effort to replace defective takata airbags has to move faster though the task is monl mentumental. >> the problem is ammonium nitrate, volatile chemical takata corporation started using 15 years ago t ammonium nitrate breaks down over time especially in high heat, high humidity climates and can cause the inflator to malfunction. making the fixes has not been easy. drivers across the country have been calling and weight. hundreds of injuries have been linked to the faulty inflators, including airbag explosion that left a hole in angelina sujata's chest. people were telling me that airbags don't do that. these ones are. that's not right. that's not okay. >> reporter: at the rate, the airbag fixes won't be completed for more than three years. rosekind said today he sympathizes. >> my family has a vehicle with the takata inflator in our drivew driveway. >> reporter: t

takata has until 2019 to prove it works. kiet do, kpix 5. >> what if that dessicant that you just talked about is faulty as well? >> reporter: well, then they have to boost that recall and we are hearing that the numbers could reach up to 100 million cars affected by this recall. >> thank you. >>> it is 5:04. let's check traffic and weather. roberta, you're sniffling. i feel so bad for you. >> coughing season. >> i haven't had a really bad allergy problem this season until the last week and i know exactly what it is. it's the grasses. yeah. as soon as i start getting on my bike, it gets laden on your bodden. i want to try something today though. my pharmacist is recommending a spoon of local honey a day will ward off the allergies. i'm ready to try anything at this point point. >> give my daughter that. >> i'm i'm heading to livermore today. so be mindful of that in the tri-valley today. we are hoping to get some rain in here. that will settle down the pollen count. our live hi-def doppler radar picking up a little bit of li

and the decision of takata and takata is the only device maker that made this decision, to use ammoniumte as the propellant which has proven to be unstable in humidity. a fatly-flawed decision. that means that most likely we're not even done now that the recall is up to 65 million devices because there is something like over 100 million of these devices out there with ammonium nitrate in it. perhaps some of the later ones had another manufacturing process. another issue is availability of replacement parts. consumers urgently want their cars repaired. we have to order them by serial number and wait for the arrival. for retail dealers and many other dealers who have made the decision not to retail vehicles with unrepaired takata air bags it's disruptive to the business. no question. >> so far we've only replaced 8 million of these. it tells you a little bit in the huge amount of time -- over a year that we've known about this. only 8 million have been replaced so far. how should consumers feel about this just from a safety perspective, mike? >> well, so the first failure, becky, was in 2

right now, 28.8 million takata airbags are under recall.gain, that recall list could double today. according to nit sa, you kould should not undo it. they say the vast majority will deploy as designed and an airbag that is disabled is 100% likely to fame. few think about it that way. we are awaiting for news on that expanded recall to come today. we will update you if we are on air here, if not, we will bring it to you online and our social media platforms. you want to watch for that. again, it is going to more than double, sources say. that could impact a lot of folks. in campbell, chris sanchez, "today in the bay." >> thank you very much. >>> it is a quarter to 7:00. you know what, the stockmarkets are falling once again today after a rough tuesday. >> it's been a rough week or so for apple. we have been watching that sought skafl carefully. >> apple has had its poorest performance since 1998. apple is slightly higher, 1-800-flowers. your mom says buy her index funds. the dow industrials are down 136 points. nasdaq is down 30 over nervous

takata for the second year in a row for 2015 looking a $120 million loss.utomakers will have to likely bear the costs as well. >> thank you very much for that. >>> swiftly on to the aussie. we've seen pretty sizable moves of late. the dollar getting a little boost. the aussie dollar, surprising some investors because the toll was a bit dovish. >> the key word was persuaded. call comes down to one word. patience of the fed now persuaded in the rbi signalling to many to cut by a quarter point. several analysts saying that this could mean the bank won't be as quick to cut in the future. but also you've got to pay attention to the dollar here when it comes to commodities. the australian dollar being highly lynch linked there. >> michel temer has named maria sylvia marquez as head of the bank. miss marquez was previously steel skwexecutive. the dollar is just slightly lower against the real. the real has been one of the best performers as people got excited about a political transition in the count. joining us now is louis costa, head of effects and rates at cit

it is very difficult for them to come back to takata.aad: market would welcome a bailout, but they're not so sure today given the drop back we are seeing. >> right. it is a very common view among analysts here that the most shouldavior for takata be a manufacturer from the japanese automotive industry. a requirest of takat more than just cutting off assets or laying off employees. the japanese automotive industry has more resources to help them recover. rishaad: thank you very much indeed. joining us there from tokyo. a quick check on some other stories. the world's biggest solar maker reporting a sharp increase in profit, expecting shipments to increase this year. toting estimates, doubling more than $26.5 million on the year. states,emand any 90 japan, and emerging markets offsetting the slowdown in china. china says the government is to step up the fight against their pollution. are says officials classifying smog as a disaster. often blanketed in choking pollution caused by inefficient industry, heating systems, and millions of vehic

takata has until 2019 deadline to do so. live in santa clara, kiet do, kpix 5. >> what happens if they don't meet that deadline? >> reporter: then you can expect that repair or the recall number of airbags to jump from about 63 million to roughly 100 million and then that would affect roughly half the vehicles on the road today. >> thank you. >>> one suspect has been arrested after a wild chase in marin county. police went after three people suspected of casing cars at the village of corte madera. the suspects got out while it was still running so an officer pulled in front of it to stop it from slamming into two people who were fishing. the suspects then ran off into the bushes. central marin and san rafael police were among the agencies involved. the man arrested was charged with resisting arrest and possessing stolen property. the other two suspects remain at large. >>> in santa cruz right now marine biologists are trying to figure out what to do with a dead whale off the coast. the humpback can be spotted off westcliffe

takata downgraded the earnings forecast which ended in march. the firm forecasts a net loss of $120 million instead of the previous projection of a net profit of $46 million. it also lowered its sales projections to $6.6 billion. the revision came after the u.s. department of transportation added up to 40 million air bags to its recall list last week. the air bags could rupture and scatter metal parts. takata has not yet booked costs for recalls associated with defects whose causes remain unknown. once they identify, the company may look at greater costs to address the problems. >>> well, tokyo stock on monday logged their first gain in seven trading days. a weaker yen eased concerns but overnight on wall street, u.s. stocks added a mix. the dow jones industrial adding down two-tenths where as the tech heavy nasdaq ending higher by three tenths of a percent. let's see how tokyo stocks are opening this morning. it's tuesday morning here. we'll go to ramine. tell us what you're sighing over there. >> thank you very much. definitely a mixed or hesi

takata's shares tumbled more than 7% on the possibility of an additional recall of air bags that it sold in japan. tokyo shares outperformed the rest of the asian region. >>> thank you. moving to other markets of the asia-pacific region. the shanghai ended a fraction higher. 2832 the closing number. many investors still concerned about china's slowing economy. share prices in the philippines. meanwhile, advanced one day after the election there. up 2.6%. a wide range of shares were higher following news reports that rodrigo duterte will be the next president. the hang sang up .4%. as x200 gaining by .4%. banks saw gains but resource related shares ended lower on falling prices of iron other and oil. here is a look at some other business stories we're following today. >>> auto parts maker takata projected in fall into the red for the second year in a row. the firm forecasts a net loss of $120 million for the last business year that ended in march. the u.s. department of transportation added up to 40 million air bags to its recall list last week. the move prompted officials at japan's tran

honda is takata's biggest customer. the u.s.ered takata to replace up to 40 million airbag inflators because of a defect blamed for at least ten deaths. >>> movie-goers still want superheroes. that's the takeaway from the box office. "captain america" posted the fifth highest domestic opening ever. it is the 13th film in the disney's marvel series. it grossed nearly $182 million over the weekend in north america. "the jungle book" was far back at just under $22 million. "mother's day" was third at $9 million. >>> gopro says the quad copter drone won't if on sale until the holidays. the anxiously awaited product is expected to hit the market next month. gopro says the drone still needs to be fine-tuned. the market value has plunged 80% in the last year. anne marie? >> secret santa, if you're listening, you know what i put on the list. jill wagner at the new york stock exchange. thanks a lot. >>> ahead, class act. president obama delivers the commencement address at howard university and remarks on race relations in america. their

the problem with the takata air bags is they can explode with too much force. at least 11 people have died because of air bag incidents. more than 100 have been injured. >>> president obama heads to michigan today to get a firsthand look at the flint water crisis and maybe a taste. the trip comes after 8-year-old mari copeny wrote the president a letter. he plans to meet with her and other flint residents but the governor of michigan, who's under fire for the handling of the crisis, says he ho president will also drink flint water to show that it's safe. >>> also in michigan detroit teachers returned to the classroom today after getting reassurances they will be paid. the educators had staged a sickout fothe first two days of the week. >>> okay. so while we're talking about schools, here's something from houston. it seems a youngster apparently didn't want to stick around for an after-school program. >> oh, boy. she's a second grader named rosabella. here's how she got herself on a bus home. someone complained to rosabella's school because that is her handwritt

and a higher bill at the end of the day for takata. so kkr and lazard really have the work doubt for them. no surprises there. and we went limit up yesterday and now we are down by 8% for takata. >> broadly. solid picture in the asian markets. but we are in something of a holding pattern until we genoty get some clarity from q1 and hear from janet yellen and see what kind of tone she strikes when she speaks at harvard university. so that is where we stand. also next week it will be interesting to see the competition and what pmi from china tells us. the factory and services activity data. the latest print will be released so it is doing going to tell us tentative stabilization in the global economy or are we hit with news of a deeper contraction. back to you now. >> thanks for that and as you suggest we'll be looking out for janet yellen later. >> she speaks on the 6th as well which people say could be even more important because right after non pharm payroll day. >> still to come here on "street signs," there is no love lost between t

ahead, the government has its eye on more takata air bags.ind out how many more cars are involved. >>> now your nbc 10 first alert weather with meteorologist bill henley. >> if you have an umbrella you're getting your money's worth out of it this week. you'll need it again today. clouds over center city. not the low clouds that we had yesterday, only a few spots of light fog. that's your seven day at the bottom of the screen. the next few hours, rainy and drizzly to start with. cloudy skies at 6:00, 51 degrees and 53 degrees at 9:00 this afternoon. we won't see a big warmup, just like yesterday, we'll be stuck in the 50s. south jersey at 49 degrees. the jersey shore is in the 40s and the pennsylvania suburbs at 48 degrees. and still cooling down at this hour. 50 degrees right now for ukeland township, along with west chester, doylestown at 50 degrees and ft. washington in montgomery county is just shy of the 50 degree mark. fairly uniform temperatures thanks to the clouds and the rain. we've been tracking some moderate showers moving through

. >>> authorities are more than doubling the size of the takata recall. >> michael finney says this ishe largest recall in u.s. history. >> this thing is really huge. it also mean that's more of us are going to get notified that we're driving cars with potentially dangerous takata airbags. there won't be enough replacement parts for everyone until, get this, the end of 2019. a defect in the airbags can cause them to explode in a crash sending shrapnel flying through the car. explosions are blamed in 11 deaths and at least 100 inju injuries. the national highway traffic safety administration had already recalled nearly 29 million bags. today the company added 35 million to 40 million more. >> vehicle owners who have received notice that there are parts available for their repair should take action immediately. >> takata is -- older cars will get priority for repairs since they are most vulnerable. age is a factor. >> all affected cars should be repaired by december 2019. >>> if you've had to wait in long security lines at the airport, relief we're told is on the way. the tsa is respondi

the problem with the takata air bags is they can explode with too much force. at least 11 people have died because of air bag incidents. >>> when we come back, a dramatic scene from overseas. dropped several stories from a burning building, u.s. soldiers coming to the aid of a family. >>> and anybody home? well, if they were, they'd get a big surprise when this alligator rang their doorbell. athe best things in the life are real. so we wouldn't use anything other than real, fresh picked tea leaves brewed the way you make it at home. ...pure leaf. a delicious, real leaf-brewed iced tea. we love iced tea the way you love iced tea. pure and simple. pure leaf. for the love of leaves. if you have allergy congestion muddling through your morning is nothing new. introducing rhinocort® allergy spray from the makers of zyrtec®. powerful relief from nasal allergy symptoms, all day and all night. try new rhinocort® allergy spray. this is a golden retriever.r. they may seem similar. but when you take a closer look, the details tell a different story. these dogs. eat, diges

your back scandal affected about 100,000 cars and to cotton takata motors.g exclusively to not a signelevision, investors have lost confidence. be adon't think that would very accurate analysis. it was only in august last year when there was a lot of instability in the chinese currency that we were also impacted. since then after the initial -- thee have had, we strength of the ruby depends on the strength of the economy. the reserve bank has been watching the situation and we have to maintain a balance between a reasonable strong rupee and a realistic ruby. rishaad: confidence as well there with people of course working together. relationshipyour and will he be reappointed in september? >> i repeatedly have said these are not areas where we -- we have always regarded the r.b.i. as an important institution. i don't think the government and the reserve bank have any issues with each other. we had the monetary policy implemented with major reform this year and hopefully by the end of the year, the monetary policy itself will come into effect. indian finance mi

. >>> an air bag maker takata is trying to ease the burden of his ballooning cost of its massive recall. >>> >>> new on "action news," some want a strip club in northern michigan to strip down a new sign. it is advertising that it is hiring girls from the high school class of 2016. there's the phone number. some locals say young women should be thinking about college not working in an adult club. no word from the owner in the club. >>> i agree. they should be thinking about college. >> reporter: roads are not bare this morning, but they are not too crowded. tacony-palmyra bridge we are expecting an opening here for a southbound ship coming up in just a little bit. head for the betsy ross bridge or the ben franklin bridge, looking good so far this morning as you traveled twern camden and center city. at the platt bridge, so far so good as you head toward the airport. no delays, we expect eastbound construction on the platt bridge heading toward 26th during the midday, at that point use the girard point bridge instead. >> reporter: 89 degrees is the high, warmer than yesterday, today's hi

japanese airbag to theht up -- takata airbags, investment firm is interested in taking a 60% stake in the company. carmakers have been forced to recall tens of millions of cars equipped with this info later that was made by takata airbags. that is the business. back in an hour. >> we're taking a short break. ; 05/26/16 05/26/16 [captioning made possible by democracy now!] amy: from new york, this is democracy now! >>, it would've been better if i used a second e-mail account and carried a second phone, but at the time, this did not seem like an issue. amy: the state department's spectre general concludes hillary clinton broke government rules by using a private e-mail server without approval for her work as u.s. secretary of state. despite saying she would cooperate, she refused to be interviewed by

another new recall involving deadly takata air bags. 4 runner models. more than 1.5 million cars in total. cars have the takata air bags that can explode in your car crashes. it's been blamed for several deaths. >>> good morning. i'm landon dowdy. amazon has quietly dropped its price match guarantee oefn everything sxecexcept tvs. tech crunch reports the change took effect earlier this mocht, b month. with your c nbc morning business report, i'm landon dowdy. >>> here are 4 things to know before you head out. muscle cars, none coming back as a top savefety pick in the late institute for highway safety says they all fell short. >>> and a forensics official says it's possible there was an explosion on the egyptplane. >>> and dr. fauci says mosquitos in the u.s. could carry and trace mitt t transit zika virus in the next month. >>> and thank youor waking f vo: for dominion, part of delivering affordable energy are program does just that, assisting with bill pay and providing free, energy-saving upgrades. it's more than helping customers, i

takata's air bag recall issues got worse. the company's recalling additional 35 million to 40 million air bags. that doubles that to 69 million in the u.s. this is the largest recall in u.s. history. that means 20% of all cars on the nation's roads have air bags that pose a risk to drivers. only 8 million have been repaired. takata says it will not have enough parts to fix all of them until the year 2019. three more years. dangerous air bags on the roads. the air bags inflaters can malfunction. the faulty air bags have been tied to hundreds of injuries and deaths in the u.s. takata will offer its best efforts to fix the problem. 1 in 5 cars on the road in the u.s. needs an air bag fixed. >> that doesn't seem soon. >>> new details pouring in about prince's final days and his batting with addiction. >>> a new picture emerging of the fine days and hours of prince. he was scheduled to meet with doctors in california specializing in opioid addiction. he died the day before the meeting was supposed to take place. his manager team d

authorities ordering takata to replace airbags. it was already the biggest recall in american history. they found the root cause of these airbag failures. >> moisture is of a factor that these have exploded with so much force. this is another big blow in the crisis that takata has failed to contain. honda released a statement in the last half hour or so but in this latest recall these are the details. a number of insulators doubled from $28.8 million and you add $40 million to the mix -- 40 million to the mix with a -- 60 million that have been impacted. it also includes airbag aflator's that do not have desiccant. that is what reduces the moisture and it started off with 12 manufacturers including honda, toyota, and fear chrysler. 17 manufacturers including the likes of tesla and land rover. satisfiedd it is not with recall rates. takata's recall of its inflators in a band-aid approach. they replace some and then some more and more. eventually all will have to be recalled. yvonne: all inflator's have to be replaced before the turn

. >>> in business news, senator cars could be recalled over the defaulty takata airbags. >> for that before the bell we turn now to landon dowdy from cnbc's world headquarters. good morning, landon. >> reporter: hi, good morning to you both. today futures are lower this morning. stocks falling, giving back all of monday's gains following data showing a decline in china's manufacturing sector. that is raising fresh concerns about the world's second largest economy. look for it on this morning's private sector jobs. the dow up to 17,750. the nasdaq losing. takata is expected as soon as today to announce it's recalling an additional 35 to 40 million airbag inflators in u.s. vehicles and reports say that the expanded recall would be more than double what's already the biggest action in u.s. history. to date, auto makers have recalled 24 million vehicles, due to the risk that the inflators could explode with too much force. that would be spraying metal chards inside the vehicles. google and chrysler teaming up to drive minivans. they-buy 100 chrysler vehicles. it will be solely for testin

takata is higher in tokyo. it says it will roll out bankruptcy as a way of reducing its exposure to liabilities following the air wide -- the worldwide airbag recall. singapore airlines saying in an e-mail to bloomberg that it will reduce its stake in virgin australia if the deal goes ahead to 21.3%. both of those companies in focus today. generally, we are seeing a pretty solid session across the region. nejra: juliette saly in hong kong. the fed has shifted towards raising interest rates as economic data continues to surpassed analyst forecasts. treasuries have lost their edge over stocks stagnating in the second quarter. the s&p 500 has returned over 2%. let us bring in our guest. the senior advisor at credit suisse. bob parker is here. coming into the u.k. market later today after we heard from janet yellen on friday, do you think what she said on friday begs the question of when and not if? during the third quarter and probably july, we will see the next bed rate increase. i would be surprised if we saw it

. >>> coming up next here on "action news" at noon, the takata airbag recall is expanding to include millions of additional vehicles, and later a man is under arrest because of what he did the food at several grocery stores. details on this fbi investigation coming up at 12:30. >>> breaking news now in the presidential race, abc news has now confirmed that ohio governor, john kasich will suspend his campaign. the republican candidate is expected to make the announcement later on this afternoon. >>> takata is expected to recall 135 millionaire bags this would affect hundreds of thousands of vehicles. the inflaters affected 19 million cars. >>> a new study says that medical mistakes is the third leading cause of death in the united states. it leads to 230,000 fatalities each year behind only heart disease and cancer. the mistakes range from wrong medication or dosage to errors in the operating room. >>> a new report shows that a third of doctors write prescriptions for unnecessary antibiotics. it's ineffective against cold symptoms, the body can become resistant from overuse. experts r

auto safety regulators have been pressuring takata to add the airbag recalls.tation safety administration wants tack at that to agree to expands that recall. the air bags can explode be a send metal parts into the car. it killed a 17-year-old girl in texas who was what was considered a minor traffic accidents. the announcement has come today that takata will agree to recall more cars, adding up to 63 million cars on the road. if you want find out if your car is affected, go to our website, ktvu.com. we want to show you right on the front page, there is a story on the airbag recall. scroll down to the bottom and there is a link to this which is safer car.gov which takes you to this page and in the upper right-hand corner, you see this? it tells you what to do. you can either type in your car's specific vin number or click on the list of affected vehicles. here is a list of all the makes, mitsubishi, honda, for example, you click on that, scroll down and it lists all the years affected. you can see the 2001 to 2007 accord. specifically which years or models are a

regulators have been press pressuring takata to expand the recall.one out of four cars on the road. the national highway transportation safety administration wants takata to expand that recall to save lives. the air bags can explode and send metal parts into cars. the latest death was a 17-year- old in texas which was involved in a minor crash but was killed by an airbag that exploded in her family's the two honda sips. there is a shortage of parts and people are telling us it's taking months, sometimes years to get that problem fixed. now, the recall may be very scary and confusing. if you do want to find out if your car is affected and when the announcement is announced that will their will be more cars, go to -- that there will be more cars, go to our website, go to the story and scroll down to the article and there is a link to safecars.org. you can can either type in your car's specific vin number or click on the affected -- to see the list of affected cars. you can see ford, gm, toyota, there's honda. click on honda, for example. and is has all

takata tumbled 8.6% on continuing fallout from its faulty air bags. takata is recalling an additional 35 million to 40 million air bag inflaters in the u.s. the nikkei's recent slump has been triggered by the dollar's rise. the yen's strength continues to weigh on investor sentiment. >> thank you for the report. >>> moving to other markets in the asia pacific. shanghai composite dropping 2.82%. 2913 for the closing number there, the sharpest one-day fall in more than two months. analysts say resource related shares fell on recent volatility in the country's commodity market. sydney advancing by .25%. 5292. hong kong's hang seng slipping by one point, almost 7%, stretching losses to a fifth day. a broad range of shares ending in the negative. singapore's index dropping 1.3%. financials and property shares dragged down the index to a two-month low. here is a look at some of the other business stories we're following. >>> the vice president of japan's main ruling liberal democratic party has hinted that a consumption tax hike could be postponed. the gove

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takata is one company that is limited in its finances.ether or not they can even afford this without some outside intervention is one question. the other one, can there be coordinated effort to get these cars off the road. you mentioned 11 deaths are affiliated with this problem. that number is gradually creeped up over last couple years. lori: what is it going on with technology of airbags even if not takata making them which sounds unlikely going forward? age, moisture, is what investigators are pointing to. there is ongoing rom. is work done to improve technology in airbags which is supposed to be the number one safety product in vehicles? >> they believe they effectively taken off market the type of technologies lead to vulnerabilities with the humidity. by no means we see ripple effect that the longer this thing stretches on, more vehicles they find. more recent vehicles were made. so by no means, if you're driving a recent model vehicle or vehicle that is even a decade or longer old, it could be vulnerable. lori: john, on brighter n

the court date has not been set. >>> developing news on the faulty takata air bags. government sources tell nbc news the company may have to recall as many as 35 million more air bag inflaters. this is on top of the 29 million already recalled. those inflaters can explode with too much force and spray metal shards. at least 11 people have died worldwide and more than 100 people have been hurt. >>> back to decision 2016 no politics. in the city of fairfax incumbent scott silverthorne won a third term as mayor with 58% of the vote beat long-time resident thomas ammazzalorso. open the washington app to see the results of yesterday's other local races. >>> 5:14 now, people who died keeping our community safe will be honored in special ceremonies today. ed first in montgomery county, officer liota's name will be added to a wall as a drunk driver killed him last year. and jakai colton died earlier this year after an officer mistakingly shot him thinking he was a suspect. >>> doctors are seeing a rise in the over-the-counter imodium abuse by those trying to kick their peopl

. >>> details about another major expansion to takata's air bag recall. >>> feeding frenzy in crystallear water. visitors got an up close view of this. >>> a triumphant moment at a high school graduation. one graduate's big surprise for everyone watching. >>> drone video caught this feeding you're looking at dozens of sharks, tiger are sharks tearing into a whale's carcass and pretty much tore it to shreds in australia. not known if they killed the whale or if it was already dead. happened in shark bay, one of the world's largest populations of tiger sharks and there were tourists right there up close and personal view of the whole thing. >> nature pretty raw. >>> the head of the veteran as fairs is under fire for comparing wait times at v.a. hospitals to lines at disney. >> v.a. secretary bob mcdonald is charged with imof proing the agency after they experienced long wait times for appointments. some of them even died before getting treatment. but mcdonald said the wait times should not be used as a measure of success and satisfactio with the experience is what's important. >>> the c

. >>> that massive air bag recall expected to have a huge impact on profits for takata. with a global air bag recall mushrooming takata now says it won't show profit but, in fact, a huge loss, $120 million. about 70 million air bags are now being recalled in the u.s. explode. u.s. regulators added more than half of those air bags just last week. >>> it appears lower gas prices have americans buying big yet again. a new report indicates sales of suvs are up 10% in the past year and small car sales fell more than 6% over the same time period. the immense popularity of suvs has american automakers taking drastic action. supplies are now at their highest level in seven years. >>> facebook is denying accusations that it is deliberately quashing political conservative news items. the tech news site gives -- they say they suppressed conservative issues on purpose and facebook says it follows rigorous guidelines to ensure consistency and neutrality. >>> while the market for impressionists and modern art may be soft right now this rare sculpture by rodin set a record. million. th

have been linked to takata inflaters that can explode on impact.find out if your vehicle is affected, visit our website. >>> new revelations are coming to light about the final hours in the life of prince as the federal investigation grows. a renowned addiction doctor now claims prince's team reached out to him just hours before the singer died. but by the time help arrived, it was too late. nbc's stephanie gosk has details. >> reporter: the urgent call for help came the night before prince died. a representative of the pop star reached out to dr. howard kornfeld, a drug addiction specialist in california. >> good morning. >> reporter: according to the doctor's minneapolis attorney. >> he set into motion a plan to deal with what he felt was a life-saving mission. >> reporter: kornfeld made prince an appointment with a local doctor for the next day and sent his son, who is not an m.d., on his overnight flight to meet with the musician and discuss the family's california addiction clinic, recovery without walls. but according to the attorney, when an

. >>> coming up, details about another major expansion to takata's air bag recall. >>> plus, a feedingrenzy in crystal clear water. some visitors got an up close and personal view of this. >>> and a triumphant moment at a high school graduation. one graduate's big surprise for everyone watching. for the thousands of wounded warriors returning from battle, wounded warrior project has developed the warriors to work program, a unique program that helps wounded warriors translate their military experience to the civilian workplace. the warriors to work program also works with employers to find the right job for the right warrior. contact wounded warrior project at findwwp.org. welcome home the brave. >>> drone video caught this feeding frenzy. you're looking at dozens of sharks, tiger sharks, that is, tearing into a whale's carcass. it pretty much tore it to shreds in australia. it's not known if the sharks killed the whale or if it was already dead. this happened in shark bay, one of the world's largest populations of tiger sharks and there were tourists right there up close and personal