shs hilary kramer, chief market stratist at greentech research. >> suzanne: sh for clunkers hopes to jump start les at the nation'suto dealers and improve e nation's fuel efficiency. but as those dealersre finding out, the program h some problems. >> paul:'m paul kangas. >> suzanne: and m suzanne prt. susie ghib is off tonight. this is "nigly business report" for wednesda july 29. "night business report" is made possible by: this program was madpossible by contributions to ur pbs station from viewers like yo thank you. >>uzanne: good evening everyone. investors are calling it "mio- hoo," a search and adversing deal betwe microsoft and yahoo. but they're also cling it a disappntment, and that sent yahoo's stock plunging2% today. the problem is theimited scope of t agreement and the lack of cash going from microsofs pockets to yahoo's. as scott gurvey explainsthe deal teams up microsoft's ing" sech engine with yahoo's ad expertise to better fight th 800-poungorilla of the internet. >> reporter: me no mistake, this deal is drin by google, which but onto the scene ten years agto knock ya

she's hilary kramer, chief market analystt greentech research and ahor of "ahead of e curve." hilary, lcome back to n.b.r. >> tnk you, paul. easure to be here. >> paul: you've been saying that cash is king for monthnow. with stocks up some 4 from their march lows, do you sll likeheidelines, and if so, why? >> paul, i think it'simportant, morehan ever, to be very, very careful en it comes to your money. the reon is at weave negative influces that will eventuly bring down the market eye mean, we will he a recovery five to 10 years down the road,ut you have unemployment which isery rious. 's much higher tha 9.4%. it's in the 15% range because we're not even including tse who have-- are no lger eligible fornemployment benefits. d then the bigger proem, even besides consumers not being able to spend becau they don't have jobs,s that there's no availablcredit out there-- not for consumerand not for sma business a even big companies are findin very egregiouserms wall street when they want to go for a loan. >> paul: so you feel thearket is far too high considerinwhat the economy is dn

. >> paul: tomorrow, street critique guest hilary kramer has stocks for the recovery. she's chief market strategist at greentech research. >> suzanne: the federal reserve may need to spruce up its public image. a new poll ranks the fed dead last when it comes to americans' perceptions on how government agencies are doing. only 30% of respondents rated the fed's performance as either "good" or "excellent." that puts it behind homeland security and the i.r.s. the centers for disease control and prevention ranked number one. >> paul: another government agency is in trouble. the u.s. postal service is now on the government accountability office's "high-risk" list. that list includes agencies and programs that cost tax payers billions in waste or mismanagment. the g.a.o. says the postal service needs to cut costs immediately to deal with a rapid decline in mail volume. the agency agrees and wants to cut back mail delivery to just five days a week. >> suzanne: here's a look at what's happening tomorrow. we'll see june orders for durable goods, the fed's beige book and the we