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There are a handful of things that will cause these symptoms but the most common cause would be a bad wheel speed sensor. There is a speed sensor at each wheel to monitor it's speed and the signal is picked up by the ABS module. If one of the speed signals drop out it will set a fault code, which will then turn on the ABS and brake lights. Since traction control is a function of the ABS system it will also turn on the traction control light. If a wheel speed sensor signal drops out it can also cause cruise to be disabled, so that is likely also related.
The first thing that will need to be done is use a capable scan tool to see what codes are stored in the ABS module and go from there. It's very likely that a wheel speed sensor failure code is set.