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congressman peter king in new york is chairman of the homeland security committee. he's been briefed on the plot and joins us on the phone. what are the latest you can tell us? >> i got briefed by secretary napolitano and john brennan. basically it's a nonmetallic deaf vits, intended to be put on an american-bound airline. it never made to it the airline. it's right now as you said being tested and analyzed by the fbi. obviously a concern would be that being unmetallic as to whether or not this could evade security in our airport. that's a real concern. also, this is an ongoing opera...

everyone, it's 10:00 here on the east coast. they have foiled a terrorist plot to blow up an airliner, they're not saying where, oar when it happened. here's what we know, according to the fbi an improvised explosive device was seized and fbi officials are investigating it. it's a nonmetallic explosive similar to the one the underwear bomber used in his failed attempt in 2009. similar but not the same. the plot has the hallmarks of al qaeda in the arabian peninsula. and president obama was briefed about the threat in april. chairman of the homeland security committee has been detaild...

briefed on the details and joins us on the phone. >> i've just discussed this. it's a nonmetallic device that was intended to be put on an american bound airline. it never made it to the airline, it's right now, as you said, being tested and analyzed by the fbi. a concern would be that being nonmetallic as to whether or not this would affect the security in our airports. this is an ongoing operation. this particular part of it occurred about -- sometime last month. sometime in april. it's not over as far as the operation itself, which is why you're seeing very few details being given...

Good infrastructure. mitt romney is playing catchup. and hes the core support of the democratic base. right now, i think the republicans are kind of dragging, going -- dragging and kicking and screaming with mitt romney. it will be interesting to see the excitement for mitt romney, not just against barack obama. >> to see where the independents go. >> absolutely. >> thank you so much. >> scary momes on the track in a nascar race. a nine-car crash sent one driver to the hospital. the very latest, up next. and a college football player paralyzed on the field, getting his chance at the nflar. his...

But prices have gone up. it's a -- they've taken out to make it so it's -- >> the value trend has spread to other parts of the retail sector as big supermarket focus on value offerings. it's a trend that may have long lasting impact on british retail. >> if and when we goat a point when significant numbers are feeling more confident and prosperous again, some of those customers will switch. certainly, some of them will stay. >> after all, who doesn't love a good bargain? erin mclaughlin, cnn, london. let's take another look at the european stock markets now. almost two hours into the trading...