What is this beeping sound coming from steering wheel area?

What is your question?

My 2001 Lexus RX300 makes this beeping sound that seems to be coming from around steering wheel area. Every time the beeping sound comes on my cruise control no longer works and I have to press the gas petal (vs. cruising obviously) my steering wheel also feels like I have less control. I was told there was a recall on the Toyota ignition. Could this be the problem on my car?