street critique guest patrick o'hare of briefing.com tells us why kraft foods has landed on his bargain basement radar. >> jeff: then, remembering the liberal lion. we look at how the late senator ted kennedy shaped health care reform and what happens to those efforts now. >> paul: i'm paul kangas. >> jeff: and i'm jeff yastine. susie gharib is on assignment. this is "nightly business report" for wednesday, august 26. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> jeff: good evening, everyone. a much bigger increase than forecast. sales of new homes jumped 9.6% in july. could it be the housing market is turning? scott gurvey reports. >> reporter: it was the fourth straight month of increased new home sales and although this is a number with a wide margin of error, it did encourage those who see a bottom in housing. beth ann bovino of standard and poor's notes there has also been increased buying of distressed properties and existing homes. >> those homeowners were actually free to mo

he's patrick o'hare,hief market strategisat iefing.com and author of the site's barga hunting column. paick, welcome back to n.b.r. >>i paul, thank you, nice to be back with you. >> paul: why has kraf stock landed in ur bargain hunting radar? >>ell, what we've dean in the broademarket rally of course is not the most exciting stock pickut wehink it's theight stockick at this junctur b our belief is the easy money from that march ral has been made so we're urging the condivorces to start looking t a nameike kraft wch oers a nice dividend yield and in this case crash yield is 4.1% leads all the peersn its group. >> pl: do you he a target price and time frame for kraft stock? >>e think kraft uld move into the m 30's over the 12-18 months. the company just completed a five-year restructing program that has taken out a lot of costs and we ink there's good room here for main expansion potentia as those marginsmprove over time here it's going increase profitability and raise the dividends and buy bk shares. for the patit minded inveor we think there's potenti here. >> paul: now you saw simar

. >> susie: tomorrow, from oreos to ritz crackers to mac & cheese, street critique guest patrick o'hare tells us why he's hungry for shares of kraft foods. >> susie: toyota plans to cut its global production capacity by 10% or one million vehicles according to japanese newspaper "the nikkei." the world's biggest automaker wants to maximize operations at its under-used plants. the decrease in production will come as early as this fiscal year. toyota also hopes to return to an operating profit in fiscal 2010. >> paul: you're soon going to pay more for a six-pack. anheuser-busch in-bev said today it plans to raise beer prices this fall. the company's main rival miller- coors is also hiking prices. neither firm would specify by how much. both beer giants have been able to boost profits recently by raising prices to offset weaker sales growth. some analysts think higher prices may prompt some beer consumers to cut back. >> susie: here's a look at >> susie: tonight's commentator says when it comes to the web economy. "free" always costs something. she's barbara kahn. dean of the university of