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running against each other for congress. we have the first of their campaign ads. can't wait to show you a little bit later in the show. first let's get to the news live at 5:30 a.m. here at "30 rock" in new york city. we have we're getting more details about an alleged plot to blow up a u.s. bound passenger plane. the plan was broken up by the cia who intercepted the bomb with the help of intelligent partners. the fbi is analyzing the device to see whether or not it could have passed through airport security systems. being described as an upgraded version of the underwear bomb wor...

being described as an upgraded version of the underwear bomb worn by umar abdul mu tall lab who tried to take over a jet liner on christmas day. there was no metal in the latest version of this device. the detonator was more sophisticat sophisticated. this underscores the threat posed which is blamed for a long list of attempted attacks. defense secretary leon panetta says it's another reminder of what's at steak. >> i do not comment on specific classified operation is other than to say the united states engages in a number of operations to go after al qaeda and their militant allies...

all this. employers added just 115,000 jobs in april. that's far fewer than the 163,000 that economists had expected. but the nation's unemployment rate did drop a tenth of a point to a three-year low of 8.1%. joining me now cnbc contributor ron insana, also former chief economist for vice president joe biden, jared bernstein who is now an msnbc contributor. gentlemen, it's good to have you here. ron, i want to start with you, because the white house says it's further evidence that the economy is healing, but we know that this economy must create at least 125,000 jobs a month just to...

that this economy must create at least 125,000 jobs a month just to keep pace with population growth. what are the silver linings that are coming out today and where are the faults in all this? >> i don't know, tom, it's a weaker number than expected. one would hope, you know, that events overseas wouldn't as they have in the last two years slow down the momentum of an economy that started the year on a strong note, three months in a row of better than 200,000 job gains. the unemployment rate fell because more people left the labor force than came in, that's not good news, and the un...

shortly by the head of nyse, duncan neederour. we're joined by the president and ceo of cnbc. congratulations. >> thank you, carl. it's a great, great day for cnbc after 18 years here at the nyse, maria started on the floor in august of 1995. here we are with a new home. it's absolutely fantastic. i'm looking forward to cutting the ribbon. >> talk about the revolution of how this came to be. it's been a couple years in the making. >> it's been -- it's been all of that. it's a -- it's a relationship that's evolved over time, obviously, but this particular project we're standing in eig...