[Stunner Inc.]

If you want to just remove the link:

Go to: Navigation/Breadcrumb Templates / navbar

Find and then remove the code in green or you could just easily place the <!-- & --> so you don't have to remove the code.

<if condition="$show['popups']">		
    <if condition="$show['searchbuttons']">
        <if condition="$show['member']">

            <!-- <td class="vbmenu_control"><a href="search.php?$session[sessionurl]do=getnew" accesskey="2">$vbphrase[new_posts_nav]</a></td>
                <else />
            <td class="vbmenu_control"><a href="search.php?$session[sessionurl]do=getdaily" accesskey="2">$vbphrase[todays_posts]</a></td>
        </if> -->

            <td id="navbar_search" class="vbmenu_control"><a href="search.php$session[sessionurl_q]" accesskey="4" rel="nofollow">$vbphrase[search]</a> <script type="text/javascript"> vbmenu_register("navbar_search"); </script></td>
    </if>

Hope I explained that right and it helps
Thankyou to LionDen for the info.