this could be good news for takata, but they are bankrupt. they have run out of money. that is a big issue because, interestingly enough, even though $650 million have been decided upon, no one will make them pay it. they we re no one will make them pay it. they were pushing for this penalty but said they do not expect them to pay it. the reason is there is a separate settlement of $1 billion. within that, there is money for the car settlement and those affected and victims. let's not forget, many people were injured and died because of these airbag faults. of course, i guess the other issue is they are trying to re—establish the company. they are doing that through a buyout from one of their competitors. there area number of from one of their competitors. there are a number of hurdles and this is one of them. hopefully it is resolved sooner rather than later. thank you so much for that on ta kata, thank you so much for that on takata, timothy mcdonald, the business reporter. the chief executive of uber has vowed to continue investing in southeast asia even though it

. >>> takata reached a settlement agreement with those injured we exploding air bags. the deal paves the way for the japanese company to exit chapter 11 bankruptcy. lawsuits, multimillion dollar fines and the largest recall in automotive history forced takata into bankruptcy. the faulty air bags have been linked to at least 21 deaths and hundreds of injuries. takata now plans to sell most of its assets to a chinese rival for $6.1 billion. >>> we sat down with ari what it's like to look for love in the public life. an inside look before the show heads to tuscany. a live look through our emeryville camera. gorgeous. still a little windy. nothing like yesterday. we're going to talk to meteorologist ♪ strummed guitar you can't experience the canadian rockies through a screen. you have to be here, with us. ♪ upbeat music travel through this natural wonder and get a glimpse of amazing, with a glass of wine in one hand, and a camera in the other, aboard rocky mountaineer. canada's rocky mountains await. call your travel agent or rocky mountaineer for special offers now. >

the troubled japanese firm takata has reached a settlement with 44 state attorney—generals in the us into claims it concealed dangerous defects in its exploding airbags. takata's airbangs have been linked to more than a dozen deaths and more than 100 injuries worldwide. aianb is now moving to target wealthier travellers as it goes after the luxury travel market. the accommodation site says it will now offer a dedicated section for boutique hotels, bed and breakfasts and unusual locations like treehouses and boats. the move follows clashes between airbnb and regulators in a number of countries around the world. the us defence department has voiced support for restrictions on steel and aluminium imports. earlier this month the commerce department recommended steep curbs on imports from china and other countries. president trump has yet made a decision on how the restrictions should be implemented. brazil's economy is recovering from a severe crisis but new numbers out today show more than ten million people are still unemployed — twice as many as before the recession. the numbers als

australia orders a compulsory return of more than two million takata airbags. and an optimistic outlook from the new boss of america's central bank with more rate rises on the cards. the dollar has jumped, but markets are down. hello and welcome to business live. we will get the inside track on how you stop winter flu. the boss of one of the biggest vaccine companies in europe will talk to us about how healthy. with toys r us on the brink of collapse, we want to know, do you buy your toys online or in a shop? let us know. welcome to the programme. with just over a year to go until brexit as we speak, the eu is publishing a draft of the brexit treaty that will specify the terms of the uk's departure. but for business and investors there's still a huge amount of uncertainty. one of the key issues it covers is northern ireland's land border with the republic of ireland. in 2015 $3.1; billion worth of goods were traded across it in both directions. on tuesday, the uk's international trade secretary liam fox reiterated that "the avoidance of a hard border in norther

remember the airbag maker takata? there are reports that its us unit has reached a settlement to end their bankruptcy. i'm joined now by our colleague. is this a good thing? it is and it is not, depending on who you why. basically, the us unit of the company was gearing up for the us unit of the company was gearing upfora the us unit of the company was gearing up for a court fight this week to get a judge a judge's approvalfor its week to get a judge a judge's approval for its plans to exit ba n kru ptcy approval for its plans to exit bankruptcy because there has been strong opposition from injured drivers as well as creditors. there have been hundreds of injuries related to these airbags. they also caused at least 21 deaths around the world. over a dozen carmakers as well is the new owner of takata's air bag business, they have managed to agree a deal with them over the weekend. they will establish a trust to pay compensation and if the agreement is approved by the us ba n kru ptcy agreement is approved by the us ban

and it is one specific type of takata airbag they are worried about, isn't it? there are several types, they are all faulty but particularly the alpha airbag, that seems particularly dangerous. some 50% are at risk of exploding and releasing this struggle. —— shrapnel. it is estimated in australia there are 20,000 cars, some even injunkyards, but they have simply been told not to drive them again. contact manufacturers and because the recall is compulsory, manufacturers have to replace the airbags and bring in the cars, there are some 100 million vehicles worldwide affected. the company has already filed for ba n kru ptcy company has already filed for bankruptcy but this will mean the cost in pa rt bankruptcy but this will mean the cost in part goes on to big brand car manufacturers. also the likes of volkswagen, ford and holden here in australia. thank you. now let's brief you some other business stories... the us commerce department is slapping steep tariffs of as much as 106% on chinese imports of aluminium foil. it claims that imports of aluminum foil pr

. >>> mean teem takata air bag maker has agreed to a deal. at least 22 people have died because of the faulty airbag inflaters. the deal covers 44 states and the district of columbia, but the states won't get much o the money. they've agreed not to collect the settlement so victims will receive larger settlements. takata filed for bankruptcy protection in june. >>> the fcc took another step toward the appeal in net neutrality. that's the provision that internet providers should be equal. in december the fcc voted to repeal obama era net neutrality rules. yesterday the agency formally published the rules to take the place of older rules. that opens the door for opponents to file new lawsuits. >>> now, ups said it will start using electric delivery trucks. they cost the same as conventional diesel or gas-fueled ones. the shipping giant has been developing the truck for for years. the electric trucks are usually more expensive because of battery costs. ups said it will start deploying 50 of the vehicles by the end of this year. anne-marie. >> di

exploding airbags made by the takata are thought to be responsible for 23 deaths worldwide. over a million cars of been recalled because of the issue. anchor: how are the markets at this hour? stephen:n: european markets trading in the red as investors digest comments from the head of americas -- the new head of america central-bank, rome travel, giving a bullish view of the american economy. investors worry it could lead to a faster pace of rate rises and named to cheap credit. markets trading in the red. we are keeping an eye on shares in a chemicals group, down over 3% in germany after the e.u. gave conditional approval to its takeover by monsanto. anchor: finally from you, the comcast bid to buy sky and after an unusual tip-off. stephen: the financial times says a london taxi driver to the comcast ceo's attention to sky. the driver was well-informed about the differences between paid tv providers in the u.k., bidthat inspirered the ceo's for sky. comcast is offering 25 billion euros for the london-based broadcaster. it would take comcast against my first century fox, whi

. >>> takata can only pay back a fraction of the settlement it reached. california and others are helping victims get a larger piece of of the settlement. >> a new map suggests it's deja vu when it comes to the drought in california. >>> i'm working on a map to show you where the earthquake was. 3.5 around sandy ago owe lane. it's south of green valley elementary school. it happened a half hour ago. we'll talk about the chances of rain and shift away from earthquakes in the accuweather seven-day forecast. >>> mike, thanks for pulling that up. >>> a look outside from the mt. tam camera. a little bit of color is build not guilty the sky. >>> california and dozens of other states will not take any money from takata after reaching a $650 million settle. that's because only a fraction of the money will be build because of financial problems. the state said they will not collect the settlement so the victims of the faulty airbag inflators can get a piece of the remaining money. takata was forced into bankruptly amid lawsuits, multimillion dollar funs and crushi

government has all of the recall of more than two million cars with airbags made by the japanese firm takata it says it's not satisfied with the results of voluntary recalls carried out by vehicle manufacturers last year faulty takata airbags have been linked to at least twenty three deaths around the world. employees at general motors in south korea are demanding the government protect the job. to go on strike if the u.s. carmaker decided to pull out of the country the company suspended pay talks out of this month field that would shut down one of its factories. well those are the headlines the news continues. of the stream watching. the late balance in the central african republic has forced more than a million people to leave their full. i was there i saw on the grounds to bring a report on how people are struggling to carry on without lights amazing. ok you're in the stream today we met another i mean africa's most feared on the cover a journalist and man who never shows his face on camera i'm really could be a lot if you're watching us live on you tube or following along on twitter send

this is an important takata story. ford and mazda are both adding more than 35,000 pickup trucks in north america to a list of vehicles that should not be driven. more than 33,000 ford ranger pickups, nearly 2,000 mazda small pickups from 2006 model year have inflaters that testing shows could injure those in the trucks. parts for the repairs are available and the companies say dealers will actually tow the pickups to service bays to replace the faulty inflars and provide loaner vehicles. if you have one of these, give them a call. >>> we could soon see big changes in the consumer financial protection bureau. in a memo obtained by reuters, it appears the bureau's acting chief, white house budget director, mick mulvaney, will be taking bureau in a whole new direction. rather than concentrating on protecting consumers, the bureau will also promote a free market for financial services. in the past mulvaney has said the agency should care as much for the concerns of the multi national financial giants it regulates as the m

takata's airbags have been linked to more than a dozen deaths and over 100 injuries worldwide. chinese regulators say they're taking over anbang insurance for a year — and that its former chairman will face prosecution. chinese regulators say they're taking over anbang insurance for a year — and that its former chairman will face prosecution. —— 300 billion. the bbc‘s tim mcdonald has been following the story from singapore. this is a bit unusual, the company is in the hands of the chinese regulators who have taken it over and will hold onto it for a year, and there are former chairman has been charged with what is described as economic crimes. the overseas spending sprees are something that the chinese regulators are concerned about, they say that foreign purchases, first violate insurance regulation and secondly severely impairthe regulation and secondly severely impair the ability of anbang insurance to pay back debts, they have a whopping 316 billion of assets, in addition to trophy assets, in addition to trophy assets, such as overseas insurers, hotels, retiremen

remember airbag maker takata, which went into bankruptcy after its products' explosions caused hundreds of injuries? well, there are reports that its us unit has reached a settlement to end bankruptcy. let's go to our asia business hub where rico hizon is following the story. some of the! bring us an update. big sigh of relief, the matter, for the car to's american unit was gearing up for the car to's american unit was gearing upfora the car to's american unit was gearing up for a court fight this week to get a judge ‘s approval for its plan to exit bankruptcy but there was strong opposition from injured drivers and creditors. the japanese compa ny‘s airbags injured drivers and creditors. the japanese company's airbags can explode with too much force and have been linked with a least 21 deaths and hundreds of injuries but over one dozen carmakers, including general motors, ford and toyota as well as the new owner of the car to's airbags business, key safety systems, have managed to reach a deal with them over the weekend and under the agreement, a trust will be established, compensa

government is announcing a compulsory recall of more than 2 million vehicles fitted with the defective takata airbags. it is one of the country‘s biggest consumer recalls and it comes after at least 20 deaths in —— and 200 injuries reported worldwide. paul griffiths told me earlier that the federal government is taking this recall very seriously. there has been concern about these airbags for a decade now globally, it has been a huge issue in the us, and here in australia there was already a volu nta ry australia there was already a voluntary recall, but the government announced today it is simply not happy, that has not been effective enough. so what is being up demanded thatis enough. so what is being up demanded that is a compulsory recall that goes across a huge range of vehicles, toyota, ford, picked popular brands here in australia, volkswagen and bmw, they will have to bear the cost of this new recall thatis to bear the cost of this new recall that is estimated to cover more than 2 million cars on the roads in australia. there has already been controversy in america and australia

units of takato reaches an agreement that apaves the way for takata to entity bankruptcy and takata's air bags related to deaths and injuries, promising the largest recall in automotive history. >>> and another misstep for wells fargo, and trying to make amen amends for having people buy auto insurance they didn't need. wells fargo will work to make sure customers get the appropriate amount of communication. >>> coming up, going global. we dive in the overseas market action that's straight ahead. >>> first before we head to break, check what's happening to futures because they are very much green across the board. the dow indicated it opens at 212 points so far. stay tuned you're watching cnbc hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. >>> welcome back to "worldwide exchange." if you're just waking up or heading into market, let's get

takata reached a settlement agreement with those injured by exploding airbags. the deal paves the way for the japanese company to exit chapter 11 bankruptcy. lawsuits, multimillion dollar fines and the largest recall in automotive history forced takata into bankruptcy. they've been linked to 2100 deaths and hundreds of -- 21 deaths and hundreds of injuries. >>> investigators are trying to figure out how a man made his way on to the runway at lax forcing a temporary runway shutdown. lapd believes the man was mentally yil or on drugs. he was preparing for takeoff and pulled a fire extinguisher in his wheel well. it set off an larm. officers say the canine unit as he ran back towards the fence. his identity not released. >>> a major insurance provider is under investigation for denying car without looking at patients' records. >>> b.a.r.t. is cracking down on an issue that's a major concern for riders >>> look at this. doesn't this look different than last week. it's within the average. we'll have more on the accuweather seven-day forecast. here's reggie. >> new th

. >>> takata reached a settlement agreement with thousands. it paves the way for the japanese company to exit chapter 11 bankruptcy. the faulty airbags have been linked to at least 21 deaths and hundreds of injuries. takata plans to sell most of its assets to a chinese opened rival for $1.6 billion. >>> investigators trying to figure out how a man made his way on to the runway at lax forcing a temporary shutdown. lapd believed the man was mentally ill or on drugs. he ran up to a southwest airlines plane ready for takeoff and pulled a fire extinguisher from the wheel well. this happened on saturday night. officers say the canine unit caught the suspect as he ran back towards the fence. his identity has not been rereleas rereleased. >>> get out your phone and go to our website. we have a poll open about now. you can see it open at the bottom of your screen. the question is, sounds like left field. there's reason. does the fact that people use b.a.r.t. stations as a bathroom keep you from riding? we'll see the results in a few minutes. >>> the ma

. >>> japanese air bag maker takata came up with a deal. more than 180 others were injured because of exploding airbag inhaler. it clears the way to enter chapter 11 bankruptcy. >>> and it will kofts you more to visit disneyland and disney world. disney is raising prices. the regular price offed a milg mission will rise to $117, a $7 change. the prices in orlando will raise the cost $4. making it $119 for adults and $113 for children. anne-marie. >> >> i'm sure they're increasing the amount of happy. >> some people would say you can't put a price on something like this. >> apparently you can put a price on happiness. it's the happiest place on earth. diane king hall at the new york stock exchange. thank you so much. >>> still ahead, set your alarm, mark your calendar. palace officials tell of new details of the wedding service. the bathroom. when things go wrong here, you remember. quilted northern is designed to work so well, you can forget your bathroom trips. but daddy gator can never forget. "i've got to motor out of here. this is no pl

. >>> california is among the dozens of states that reached a $650 million settlement with takata. states claim that takata covered up airbag problems and did not disclose safety defects that killed at least 22 people and injured hundreds of others? the defective airbags led to the largest recall in us history and takata filed for bankruptcy last year but made a financial arrangement to compensate the people affected by the airbags. >>> a new report shows american workers are making more money but not because wages have gone up. the economic policy institute says between 1979 and 2016 average earnings increased 30%. not because of hourly wages, instead it is because people are working more hours. they found average americans work 7.8% more hours per year in 2016 compared to 1979 and the lowest income workers raised their hours by more than 24%. >> thank you. >>> more laptop thefts to tell you about, the new warnings from police department in berkeley. >>> 7:32 and things are starting to change in union square. just one day away from the big san francisco chinese new year parade. we

and tonight takata is forcing the recall of even more vehicles because of that very same problem. "action news" anchor rick williams live for us now in our news room with more on this story tonight. hi rick. >> hi sharrie thank you. that's right. takata has already issued several recalls because of dangerous and potentially deadly problems with air bags. well today they issued another one and this time the recall i popular american made truck. officials with the air bag maker say the vehicles need to come off the road immediately. we'll explain what the problem is coming up tonight on "action news" at 5 o'clock. >>> also coming up tonight it's been more than a week since the eagles won the super bowl but you can still feel the positive vibes and the excitement around the city and that means philadelphia is still cashing in on the post super bowl bonanza. we'll have much more on that coming up to are you tonight as well. just some of the stories we're working on for you when we see you on "action news" at 5:00. >> see you in a bit rick. thanks. >>> super bowl win delayed observance

takata has recalled millions of the vehicles. their defective airbags are linked to 20 deaths around the world. spacex successfully launched a falcon 9 carrying a payload for spanish tracking company. they are the prototype for star linkednned network which plans to offer internet around the world. fourth liftompany's off and was expected to be a record year with 30 launches, including another test of the falcon heavy rocket. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. ♪ trump campaign chairman paul manafort has been indicted again on new charges, including tax and bank fraud. let's bring in jodi schneider, joining us. i guess these new charges were expected, given the first ones did not have anything involving tax. what is the significance behind the latest allegations? jodi: it is a fresh legal attack against mr. manford and mr. gates. he was the campaign chairman for donald trump and gates'deputy. deputy.' these do not in

. >>> takata has reached a settlement. the airbags were known to explode. they're blamed for at least 16 deaths and more than 180 injuries and led to the largest automotive recall in history. it establishes a trust and clears the way for takata to exit bankruptcy. >>> and an interesting piece of legislation that is making its way through the legislature there. >> it would create an official day to honor sliced bread. the bill is designed to promote tourism in the city of chilly coffee where the first commercially sliced bread was sold. >> the day to celebrate, white, rye, wheat and everything else would be july 7th. >> final vote could come in the next week. >> these are important things. >> and hopefully it will become a national thing and we'll celebrate sliced bread and we'll eat some of it. who doesn't like bread? is there figure else to worry about in missouri? >> awesome. good for missouri. >>> coming up itthe headlines from the olympics. >> including another gold. but we're going to have to wait on the weather for some of the other events. the latest

. >>> takata reached a settlement with those injured by defective air bags. they were known to explode and spew shap nell, blamed for at least 16 deaths and 180 injuries. it led to the largest automotive recall in u.s. history. it establishes a trust for victims and clears the way for takata to enter bankruptcy. >>> to missouri now. an interesting piece of legislation that is making its way through the legislature there. >> the measure would create an official day to honor sliced bread. the bill is designed to promote tourism in the city of chili coffee where the first piece of bread was sold in 1928. >> if it passes, the day to celebrate white, rye, wheat and everything else would be july 7th. >> the final vote in the missouri house could come next week. >> these are important things. >> then it goes to the senate. >> then it's a national thing and we'll celebrate sliced bread here. we'll eat some of it. who doesn't love bread? >> do these lawmakers not have more important things to worry about? >> is there nothing else to worry about in missouri? >> awesome

takata filed for bankruptcy protection in june. >>> the fcc took another step toward the repeal of net neutrality. that's the principle that internet providers should be equal. in december the fcc voted to repeal obama era net neutrality rules. yesterday the agency formally published the rules it imposed to take the place of older rules. that opens the door for opponents to file new lawsuits. critics have about two months to try to prevent the rules from going into effect. >>> now, ups said it will start using electric delivery trucks. they cost the same as conventional diesel or gas-fueled ones. the shipping giant has been developing the truck with an ohio-based truck maker for four years. the electric trucks are usually more expensive because of battery costs. ups said it will start deploying 50 of the vehicles by the end of this year. anne-marie. >> diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >>> well, still to come, winning moments at the olympics. a look back at the memorable images from the winter games from the knitting snowboard coach

. >>> takata has reached a settlement for victims injured by its air bags and that could clear the way for its u.s. business to exit bankruptcy. the japanese company's air bags which can explode with too much force has been linked to at least 21 deaths and hundreds of injuries prompting the largest recall in automotive history. under the agreement a trust will be created to compensate victims with amounts ranging from $10,000 to $5 million. marcus and laura, back over to you. >> all important to get that replaced. i know i had a recall on mean. >> get that taken care of. >> done. thank you, landon. >>> 4:41. anybody planning a trip to disneyland? you might want to start saving a little bit more. ticket prices have gone up again. starting yesterday a regular price of admission is $117, that's up $7. single day ticket pricing during peak periods is now $135, up $11 there. prices will going up at disney parks in florida. last year disney's 11 parks around the world brought in, get this, $45 billion, yeah, that's alice in wonderland there. $45 million. >> i guess it will cost you if you wa

. >>> meantime, takata agreed to settle an investigation by 44 state attorneysra ge it claims it concealed a defect in its air bag inflaters. thegreementist includes a payment of $650 million linked to at least 22 deaths. because the company is in bankruptcy, the states have agreed not to llect the civil penalty in order to maximize the recovery money available to the victims. >>> a relatively new auto brand is ranked as this year's tops by consumer reports. it's not tesla. it's genesi hyundai's luxury line just started two and a half ago. phil lebeau tells us why genesis gets m higherarks while others strugglenuing to >> reporter: it is not a well-known luxury brand. especially among those looking for a newigh end car. but genesis, which was started by hyundai i late 2015 is the p auto brand right now according to consumer reports, coming in right ahead of established audi and bmw. >> these are luxury vehicles that are reliable. they have features and electrons, electronics that work. it is a not that complicated or distracting like other models wind up doing with their complicated electc

the vehicles include toyota, mazda, ford and bmw cars which contain takata airbags. the faulty airbags have been linked to more than 20 deaths worldwide — and are thought to have been fitted in 100 million vehicles. much of europe has been covered in snow as a storm nicknamed ‘the beast from the east‘ spreads across the continent. parts of southern europe have seen their worst snow in decades. here in the uk, hundreds of schools have been closed and transport has been disrupted. the weather front from russia has brought freezing winds, with temperatures as low as minus 20 degrees. tom burridge takes a look at the picture across europe. for some, it's an excuse to post a quirky video. but for people and animals, it's hard getting around right now in places such as hungary. it's dangerous too, the driver of this lorry in serbia, lucky. he was left hanging in his cabin for two hours before being rescued. even the island of corsica, more associated with sunny, summer holidays woke to this. in brussels, controversial measures to get homeless people off the streets.

takata's u.s. subsidiary will pay $650 million to reimburse for the cause oover their investigations into the lethal problem. takata has recalled millions of vehicles. its air bags are linked to more than 20 deaths around the world. david: thank you. breaking news out of australia right now. australian deputy prime minister said he will be standing down as the national party leader. that's what we know so far. we're not going to speculate more on that of course. that's just what we know. coming on the back of all the issues that have been raised in recent months. there you go. bottom of your screen. the australian deputy prime minister barnaby joyce will be standing down as the national party leader. >> complicating the situation here, china is to take control of conglomerate insurance. talk about taking control. what do we know? >> this is a significant development, of course, in china's trackdown of financial risk and pressure it is putting on the conglomerates. what we know is that the regulator

the vehicles include toyota, mazda, ford and bmw cars which contain takata airbags. the faulty airbags have been linked to more than 20 deaths worldwide and are thought to have been fitted in 100 million vehicles. several newspapers in slovakia have printed the last article by an investigative journalist, who was shot dead whilst examining claims that businessmen with links to the italian mafia were siphoning off eu funds. jan kuciak was murdered along with his fiancee. the prime minister is amongst many to have appealed for information relating to the murder the church of the holy sepulchre in jerusalem has reopened, three days after christian leaders closed it indefinitely in protest at plans to tax church properties in the city. the mayor of jerusalem suspended the tax plans on tuesday after the israeli prime minister, benjamin netanyahu, said there would be negotiations to try to resolve the dispute. the funeral of bollywood superstar, sridevi, is taking place after police closed the investigation into her death in dubai. an autopsy ruled the 54—year—old had

government has ordered the recall of more than two million cars with airbags made by the japanese firm takata it says it's not satisfied with the results of voluntary recalls carried out by vehicle manufacturers last year for airbags have been linked to at least twenty three deaths are around the world. the european union's chief negotiator has unveiled the first draft text of the legal agreement with britain on the country's the parser from the blow job for next year michel barnier says the agreement is a key the finding moment in the long and complex process barnier address the thorny issue of the future of british ruled northern ireland saying it could stay in a customs union with the e.u. after brics it the british government the rejects any measure that would create a customs border between northern ireland and the rest of the u.k. . oh. apologies will bring you that interview a little later on now a supermarket in amsterdam is taking action to stop plastic polluting the world's oceans the eco plaza store as open the world's first plastic free aisle more than seven hundred products inclu

government has ordered the recall of more than two million cars with airbags made by the japanese firm takata it says it's not satisfied with the results of voluntary recalls carried out by vehicle manufacturers last year forty to airbags have been linked to at least twenty three deaths around the world as the latest from sydney. this is affecting dozens of car manufacturers including european brands that weren't affected by voluntary recall last year the issue with a car airbags is that it can deteriorate causing it to explode and sending shrapnel and metal shards into the faces of the occupants of a car it's already been linked to about twenty deaths and about two hundred thirty injuries globally and this is prompted the recall of about one hundred million cars rolled why'd he in australia about two point three million cars will be affected by the recall that's about one in five cars driving on a strain roads becomes just as to cause her rates a six hundred fifty million dollars settlement in the united states although there are concerns about whether or not you'll be able to pay due to ban

risk exploding than other recalled takata inflators. dealers will pick up the rangers from owners and take them in for repairs. last month ford told nearly 3-thousand ranger owners not to drive them after finding out that a west virginia man was killed by an exploding inflator. (vicki) a woman honks her horn at a car... then gets a ticket for it. she says she used her horn thinking another driver was about to cut her off and cause an accident. what she didn't realize... was that the driver was a police officer... who then gave her a ticket. bridgette namata has the story now from hawaii. lynette atuaia: "i'm looking out of my peripheral vision... i go, 'hey!' ábeep.á like that."one beep later, lynette atuaia was handed a 72 dollar ticket.she says she was halfway through an intersection on farrington highway when she saw the hood of a car parallel to her. brigette namata: "we're in waipahu where the incident happened, at the intersection of farrington highway and mokuola street, right by tammy's polynesian market. lynette atuaia/got a

ford and mazda are recalling tens of thousands of pickup trucks because of the potentially dangerous takata airbag. it includes 35,000, 2006 ford rangers and close to 2000 mazda b series small pickup trucks from 2006. the u.s. highway traffic safety demonstration is telling owners not to drive the pickups because the airbags pose the high risk in crashes. owners are being told to call their dealers of the trucks can be towed. >>> name -- the smithsonian portrait gallery unveiled the official portraits of former president barack obama and former first lady michelle obama. they did so during the ceremony in washington, d.c. both artist were personally chosen by the obama's former president obama picked artist -- he graduated from the san francisco art institute in 1999. the former president that he was impressed with how he challenged conventional views of power and privilege with his portraits of everyday americans. >> the way he would take extraordinary care and precision , and vision in recognizing the beauty and the grace and dignity of people who are so often invisible in our lives. >> m

. >>> japanese airbag maker takata has reached a settlement on its faultedy airbags covering 44 states and the district of columbia. the state won't get it. they have agreed know to the collect the settlement so victims get larger settlements. >>> u.p.s. will start using electric delivery trucks. it costs the same as diesel or gas ones. electric vehicles are more expensive because of battery costs. u.p.s. says it will start deploying 50 of the vehicles by the end of the year. >>> and in one tweet kylie jenner wipes out more than $1 billion off the market value of snap. she says the parent company of snap has flopped as much as 7.2% after a member of the kardashian clan tweeted does anybody else not open snapchat anymore? >> that's a lot of power. who knew. >>> we understand there is a new device for gadget geeks and fitness gurus? >> reporter: all right. so what about a fitness tracker on your face? a new pair of smart glasses. tracks steps, distance, calories burned and total activity. it costs $270 not including the lenses. >> that doesn't include the lenses. okay. so then -- >> no.

. >> reporter: one of the most dangerous defects is certain takata airbags. there's a chance of sending pieces of metal flying in the faces of drivers or passengers. >> did you know you have a recall on your car? we found this uber driver has a bad passenger side airbag. the recall dating back two years. >> that airbag could explode. call the honda dealer. >> reporter: the national highway traffic safety administration called it the biggest recall in american history. you have a recall. we found several writer cars with that same problem. so you won't get it fixed? in total, we randomly tested 70 uber and lyft vehicles. we found roughly 1 in six had some serious safety recalls. including potential fuel leaks or computers disabling feature -- safety teachers -- features entirely. >> no one cares about car safety in florida. >> reporter: when this passenger's ride rolled up, we took the news. >> did you know that your car actually has a recall? >> i didn't know that. >> reporter: it was another faulty toccata airbag. lift would only say it requires a rigorous s

. >>> takata reached a settlement. why it will only pay out a fraction of that money. >>> the drug company exec will walk into court a millionaire but could walk out a poor man. but could walk out a poor man. >>> >>> a great weekend to be outside. heading into the 60s. we need more rain and the next chance is monday. less than a few minutes, we'll look at that hour by hour. >>> happening today, former pharmaceutical ceo martin shkreli is due back in court for a hearing on whether the u.s. will seize his assets. he was convicted of cheating investors if a pair of failed hedge funds. prosecutors say that shkreli is on the hook for more than $7 million now. his lawyers argue he owes nothing bus his investrs did not lose the money. shkreli was dubbed pharma bro after boosting the price of a life-saving drug and trolling critics on social media. >>> a man accused of stealing a unicycle on behalf of i a performer named the red panda. you can see a man taking bags off the baggage carousel at the airport last month. the 7-foot

. >>> auto parts supplier takata reached a settlement with people effected by the defective air bags, and now they can move forward to reorganize the company. the settlement was outlined in documents filed yesterday in a delaware bankruptcy court. the plan calls for the sale of most of the company's assets to a chinese-owned rival for more than $1.5 billion. >>> starting tomorrow, the maker of the powerful painkiller oxycontin will stop promoting the drug to doctors to curb the opioid abuse epidemic. this comes as the drug maker is facing an onslaught of lawsuits saying they down played the addiction risks. oxycontin has been the highest selling narcotic for years. the company will eliminate half their sale staff this week. u.s. deaths linked to opioids are at least four times what they were in the year 2000. >>> coming up, a generous act of kindness. how one stranger came to the rescue of an oakland mother and daughter after their wheelchair accessible van was totaled in a crash. >>> but first a freight train derails. the latest investigation as to why it left the tracks and how much

more models were added to the do not drive list because of the takata recall. more than 33,000 ford ranger pickups and nearly 2,000 mazda b-series small pickups from the 2006 model year have dangerous inflators. safety officials say stop driving them right now and schedule a free repair. the company says dealers will tow the pickups to service bays to replace the faulty inflators and provide loaner vehicles. >>> two brothers face charges of defrauding several landlords in fremont and police are calling them serial renters. the accusations against qadir brothers date back to 2015. they showed landlords phony financial documents indicating they could pay the rent and then they would move in. the brothers would then bounce checks and damage the homes and would even live rent free while the owners spent thousands to evict them. >>> happening today an unprecedented move to protect cannabis useers in the east bay. who could be targeted by the federal government? >> the new law to help you avoid all those annoying items packing your mailbox. >>> check out this stat of

a deal with two groups representing victims, people suing takata have agreed an exit into a channeling them trust fund. 22 deaths have been light to the faulty airbags. david: alibaba is moving into home improvements, buying a 15% stake in beijing easy home. last week, alibaba beat earnings estimates and rose its forecast, saying it is buying 33% of an online payment service. haslinda: hong high precision is foxconn -- ho industrial internet reported sales of $56 million in 2017 with net income rising to $2.5 billion. to move beyond electronics assembly. david: let's have a look at singapore. eight out of 12 economists. be a commercell tax in the budget. southeast asian governments are seeking to level the playing field for traditional vendors. midweek, everyone is basically agreed that the inflation rate is the key to watch. the reason i bring that up is resultt of the cftc, the of the blowout across a lot of these positions last week, have now shown the market a little bit more bullish on the lawn and in the short end of the treasury curve. this shows you two things, positioning arou

government has ordered the recall of more than two million cars with airbags made by the japanese from takata is not satisfied with the results of voluntary recall is carried out last year faulty talk of the airbags have been linked to at least twenty three deaths worldwide and employees at general motors in south korea are demanding the government protect their jobs they have already voted to go on strike if the us comic it decides to pull out of the country the company suspended pay talks early this month on a deal that would shut one of its factories it's still deciding what will happen to the three remaining plants general motors employs around sixteen thousand people in south korea. well those were the headlines the news continues here on al-jazeera after hours in a live statement also watching. the was. there in the novella about some in the middle may get a spot that when they get about that in the us most news ended up with business. side and then i mean by cheney to get them out of the. or you need. more that make it teeth in your one month he can polish. it really apply your given t

. >>> 4:42 ford and mazda are recalling thousands of pickup trucks because of potentially dangerous takata air bags. >> this morning includes it 35,000 ford rangers from model year 2006 and two you this mazda b series small pick ups also from 2006. u.s. pie way traffic safety administration is telling owners don't even drive your vehicle. what are you going to do? air bags pose that high of a risk in a crash. they are told to call the dealers so trucks can be towed , wow. >>> there is a new study out of german that i said children born prematurely may have more difficulty making friends. they found premature babies made fewer friends and socialized less in early childhood but things improved once they started school. they say routine follow-up in premature children should include assessing their social relationship. >>> outrage over a science project. >> it is trying to carl late, welshing i we will explain it in a minute in they declare love dogs dat first sniff.to get. dogs love more, because they are more. let's treat them that way. milk-bone. doing more for dogs since 1908. >>> good mo

government has ordered the recall of more than two million cars with air bags made by the japanese from takata it says it's not satisfied with the results of voluntary recall is carried out by vehicle manufacturers last year faulty tata airbags have been linked to at least twenty three deaths around the world. as the latest incident. this is affecting dozens of car manufacturers including european brands that weren't affected by voluntary recall last year the issue with the car airbags is that it can deteriorate causing it to explode and sending shrapnel and metal shards into the faces of the occupants of the car it's already been linked to about twenty deaths and about two hundred thirty injuries globally and this is prompted the recall of about one hundred million cars rolled ride in australia about two point three million cars will be affected by the recall that's about one in five cars driving on a strain that comes just as to cause her reached a six hundred fifty million dollars settlement in the united states although there are concerns about whether or not it will be able to pay due to

a struggling airbag maker, takata, has reached a deal with two groups, of its essentially legal product. people suing the company have agreed to support a bankrupc y ending plan. at least 22 deaths have been lead to -- have been linked to the faulty airbags. alibaba -- the deal as to the recent expansion into brick-and-mortar retailing that combines the cloud with physical stores. they beat earnings estimates and a raised its growth forecast. it's said it's buying 33% of the online payment service to financial, paving the way for an ipo there. coming up next, a dramatic gesture, kim jong-un sending his sister to south korea with an invitation for moon jae-in. does it actually change the state of play? we will be live in seoul next. this is bloomberg. ♪ ♪ haidi: a: 30 in the morning in singapore, half hour away from trading there. .1%. about the singapore session will be watching oil prices as well as looking ahead to gdp and retail sales data out this week. i'm haidi lun in sydney. ramy: i'm ramy inocencio in new york and you are watching daybreak asia. let's get first word news wit

vehicles, more vehicles are being added to the do no drive list over recall air bags made by company takata, pickups have potentially explosive and deadly air bag, dealers will pick the truck up and replace the bag. and finally $25 million, that's how much money ford is pumping into their new plant in the state of kentucky. the automaker will boost production of suv's and trucks by about 25%, plant employs about 8400 people. that's some of the news by the numbers, ainsley, brian. ainsley: thank you, steve. last year president trump met with sheriffs from across the country covering crucial topics like border security and opioid epidemic. brian: later president trump will meet with the sheriffs, he wants a follow-up. somebody who will be at the meeting, the sheriff of polk county, sheriff, thank you so much for meeting with us today before you meet with the president, what can you tell in terms of progress. >> well, as president of the county, the president does what he said he's going to do. he looked us in the eye and said, i commit to you that we will get the illegal alien who is committi

the takata air bag recall keeps growing. we have he details now. >> ford and mazda are telling owners of more than 35,000 picku35,000pickup trucks to stog them because of potentially defective inflaters. these are from model year 2006. exploding inflaters killed nearly two dozen people and injured more than 180 others. dealers will replace the defective part. we should take a look at the stock. shares of ford are down about half a percent in the pre-market. mazda shares are down about 1% over the past year. there's a one year chart of mazda. well, general motors is closing one of its four plants in south korea. this comes a as the ceo continus to shutter unprofitable business units around the world. thegm korea posted $1.8 billionn net losses between 2014 and 2016. shares of the company in general are up about 20% from a year ago. big move there. well, president trump's family is still outraged after a scary incident with his daughter in law, vanessa trump. she's the wife of don junior. she was rushed to a hospital after ope

australia orders a compulsory return of more than two million takata airbags.