Engine and tcs light on car stalling and rpms

Sounds like the TCC solonoid for the trans torque converter is sticking. Add lube guard black bottle.

is the check engine light on? If so, have an auto parts store retrieve the codes.

http://www.obd-codes.com/p0134

P0154 02 Sensor No Activity Circuit

Sorry to tell you that it is incorrect gear ratio codes. Must replace the transmission.

Sounds like you have a vacuum leak. My 1997 Ford Thunderbird ran like that until I found a cracked vacuum hose.

The P0700 is not a true fault code, it just means that the powertrain control module has requested the Transmission control module to turn on the check engine light to alert you of a fault. The P0717 is the one you need diagnosed, it is the real problem,.

We need to know the model, year, engine size, and the actual trouble code to really help you; but I provide some generic tips at the link below. Do not replace the sensor until the problem is properly diagnosed. O2 sensors rarely cause stalling. Get the computer scanned and ask them to find any historical or pending trouble codes. Write them down and post them here.
Do It Yourself Diagnosis and Repair

Engine light flashing along with the drop on RPMs is indicative of misfires. Connect a scan tool and see if any codes are stored this may give you a starting point. As for the clicking I'm not sure that it is related to the engine light but clicking when braking may be due to worn suspension/steering parts such as control arm bushings

Don't reset the lights without getting the DTC's or diagnostic trouble codes from the car's computer. An autoparts store can hook up a diagnostic code reader for free. With the codes in hand, you can start to diagnose your issue. You can then reset the lights to see if the codes return.

P0717 - Input/Turbine Speed Sensor Circuit No Signal.

Try to find with your dealer this Bulletin Number: 20730022:
Bulletin Date: 20031001
Category: 980000 OTHER
Summary: SERVICE ENGINE SOON LIGHT ON WITH DIAGNOSTIC TROUBLE CODES P0716 AND / OR P0717, P0730, P0753, P0758, P1860, P1887 OR OTHER MISCELLANEOUS TRANSMISSION TROUBLE CODES SET. *TT

Good luck.