the company completed its $1.6 billion deal with takata.ompany will be renamed joyce and safety systems and it excludes relations related to the insulators that have been linked to deaths around the world. new company will be based in michigan. as you say, takata will be based in michigan. as you say, ta kata was will be based in michigan. as you say, takata was once upon a time the world ‘s third—largest airbag maker and it also produced seatbelts, steering wheels, child seats but it endured years of recalls and criminal investigations that lead to bankruptcy. this deal now ensures that the japanese company will be able to continue producing replacement inflator is before winding itself down which may potentially take years. the chinese pa rent potentially take years. the chinese parent company of key safety systems provided most of the funding to acquire most of the takata operation systems. and they will have more scale now to compete with industry leaders. that story has been quite interesting. thank you. chinese ride hailing app didi c

takata's faulty airbag inflators triggered the auto industry's biggest recall. seller toysrus says it has received bids of over $1 billion for its asian business. the company, once the largest us toy retailer, is in the process of selling off some non—us operations. toy sales in asia pacific are exepcted to grow 6.3% annually over the next three years, faster than in the us, according to euromonitor. it's been two long days for mark zuckerberg. facebook‘s boss has been answering questions about a data privacy scandal for a second day in washington. he revealed he was among the 87 million users whose data was obtained by the british firm, cambridge analytica. mr zuckerberg apologised again for the mistakes he and his company made. new zealand's centre—left government has decided to ban all future offshore oil and gas exploration as it aims to become a global leader in the fight against climate change. but the country's opposition party claim the move could put thousands ofjobs a risk. first, leisha sa ntorelli is in singapore. nice to see you. a bold move but the

now because of all your guy's report rg well aware of the largest recall in history, the defective takata air bags attacking 37 million vehicles in the u.s. alone. but there are hundreds of millions of recalls every year. potentially placing you and others at risk. here is how to find out if your car is under recall and what you should do about it. what do these cars have in common? all are under recall. but did you know that a whopping one in every four recalled vehicles on the road has not been fixed? >> it's staggering when you think there are millions of car owners who may not realize that their vehicle needs repair. >> four months ago ram recalled 15 million trucks resulting in a injured. the recallistic aed models back to 2009. bmw recently recalled nearly 700,000 cars, some built in 2006 for faultedy wiring which could potentially result in a fire. in toyota recalled more than 300,000 minivans some as far back as 2005. for a problem with the shifting lever insiding the risk of a crash. and these are a you few examples. >> we can't emphasize enough how important it is for car owners

we will talk about takata's bid for shyer and if managing director christine lagarde >> am the guard.e my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. anna and a little nervous. into retirement... but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. >> you're watching cnbc's "squawk

in the uk takeover law, we know about all of this the bid from japan was rejected 62% what in takata shares. and later in the morning, reuters reports allergan the takeover panel immediately calls allergan and says you got to put a statement out so allergan did, and we got a statement somewhere around 10:00 or so this morning forget when. saying that allergan was in the early stages of considering a possible offer for shire they had to move quickly on that statement, of course, and that is what they told us allergan is in the midst of a major review of all of its bases following potential strategic actions. what i'm hear to tell everybody after speak stog people familiar with the situation, allergan will not follow through with a bid for shire. again, i'm hear from people familiar with the situation close to the company, telling me that allergan will not be following through with the bid for shire. shire shares were up on the bid, props that there are multiple bidders for the company. they did move on news of allergan's interests allergan's share declined as well this, however, does

rejectedology group takata's proposal. saying that the current terms significantly undervalued the company and its concept. but they said that there are willing to negotiate. that is your bloomberg business flash. anna, mad? anna: we started the program with an interview about the oil price, the focus for us. it is also a bigger broader market focus on the commodity story, because of how they have been performing this week, moving higher -- aluminium, nickel, oil and earlier. bond markets?o to the severe investment manager at abilene standard investments is here with us this morning. good morning to you. let us look at what we have been seeing happening in commodities, really getting into gear this week in a way that was not as broadly last week. to yours that do inflation expectations? i have a chart here, it shows that the u.s. brakes even on the tenure and 30 year, writes move higher and commodities move higher. so inflation expectations are building? the oil prices have been trending high for some time now, which is ba

takata went through with the offer. rejected theirre , they will pounds 50 keep negotiating.pline with respect to terms. it sounds like shire might want eda may havend tak to be more disciplined. takeda trying to take over a much bigger company. there are questions about how they will finance it. the ceo has come to the united states this week to see if they could put together a deal. they made an offer. it is now been rejected. they will keep talking. alix: you point out the consolidation in that sector anyway. if it is not then it will be somebody else. a week goes by we do not have some consolidation of some form. clearly it is going to happen. alix: highlighting apple as well. out with a note, shares are down, off 1%. guidancerter revenue could miss estimates at the midpoint, limited upside to 2018 shipping estimates and valuation -- still continuing to see high end inventory trade through the quarter and still waiting for the upgrade activity to drive iphone x and iphone 8. checks indicate limited new features and product lineup inhibiting differentiation versus current

takata has a mixed bag out there. a lot to digest at the moment.n wall street. equity futures now showing a bit of a lift up their in new york and they're adding a bit of support and that is stopping us from not going back to far. as look at how your money is behaving itself. thisally wasn't direction monday. -- we are looking for direction this monday. shares in hong kong have been fluctuating for most of the session. this as chinese tech stocks are joining this regional downturn. tencent, the biggest drag on the regional benchmark along with tsmc in taiwan. that is a stunning fight as the quad-play post this worst drop since 2013. in japanese electronic makers continue to fall amid global concerns around smartphone demand but japanese banks and insurers, they're gaining ground as treasury yield is rising. asian bonds are tracking treasuries lower and granting and aussie benchmark off by about five basis point so far today. let's check in on the current hong kong dollar trading at the highest level in about a month. the yen is trading near a two-m

many have faulty takata airbags linked to deaths around the world. hope i never have to use one. of of life. congratulations, texas. ainsley: facebook's censorship of conservatives taking center stage yesterday on capitol hill. ted cruz grilling mark zuckerberg specifically about diamond and silk. >> and most recently blocked trump supporters' diamond and silk page with 1.2 million facebook followers after determining their content and brand were quote unsafe to a community. to a great many americans, that appears to be a pervasive pattern of political bias. >> i understand where that concern is coming from because facebook and the tech industry are located in silicon valley which is an extremely left-leaning place. this is actually a concern that i have and that i try to root out of the company. steve: was that a good enough answer? here to respond are fox news contributors. diamond and silk. were your ears burning yesterday because ted cruz and mr. zuckerberg were both talking about you. >> yeah. they were burning. and we got -- we saw everything that went down. but, you know w