NBC Cheers Michelle Obama on Letterman Then Touts Video Mocking Mitt Romney

In the 7 a.m. et hour of Tuesday's NBC Today, news anchor Natalie Morales fawned over Michelle Obama's appearance on The Late Show With David Letterman: "She...talked about her late-night chats with the President, and joked that he's always upbeat, especially about the notoriously deadlocked Congress. I guess you got to keep your sense of humor about you."

Later, in the 8 a.m. et hour, Morales was equally thrilled by a YouTube video mocking Republican front-runner Mitt Romney: "And will the real Mitt Romney please stand up? This video parody of Eminem's famous rap hit is going viral and being shared across Facebook."

A sound bite of the highly edited video had Romney saying: "Ya'll act like you haven't seen a Mormon before George down on the floor. I'm not concerned about the very poor. You've got it wrong, sorry, that's not what I meant. I want every American to be at the top 1%." Morales remarked: "If only political ads could be that entertaining."

Following the clip of the First Lady on Letterman, co-host Ann Curry gushed: "I was grooving on her dress. That was a pretty dress."

Here is a transcript of the Michelle Obama news brief:

7:15AM ET

NATALIE MORALES: First Lady Michelle Obama sat down with David Letterman last night to share some laughs and she talked about one of her undercover shopping trips to Target. Take a listen.

MICHELLE OBAMA: No one knew that was me, because a woman actually walked up to me, right? I was in the detergent aisle, and she said – I kid you not – she said, "Excuse me, I just have to ask you something," and I thought oh, cover is blown, she said, "Can you reach on that shelf and hand me the detergent?" I kid you not. And the only thing she said, I reached up, because she was short. And I reached up, pulled it down, she said, "Well you didn't have to make it look so easy."

MORALES [LAUGHS]: She also talked about her late-night chats with the President, and joked that he's always upbeat, especially about the notoriously deadlocked Congress. I guess you got to keep your sense of humor about you. 7:15 right now. You're up to date. Let's turn it back over to Matt, Ann and Al.

ANN CURRY: Alright, thanks. I was grooving on her dress. That was a pretty dress.

MATT LAUER: You always look at the fashion.

CURRY: I know, I know.

LAUER: That's good.

Here is a transcript of the Romney news brief:

8:04AM ET

NATALIE MORALES: And will the real Mitt Romney please stand up? This video parody of Eminem's famous rap hit is going viral and being shared across Facebook.

BARACK OBAMA [EDITED]: Will the real Mitt Romney please stand up? We're going to have a problem here.

MITT ROMNEY [EDITED]: Ya'll act like you haven't seen a Mormon before George down on the floor. I'm not concerned about the very poor. You've got it wrong, sorry, that's not what I meant. I want every American to be at the top 1%.

MORALES: If only political ads could be that entertaining. It is now 8:04 right now. Let's go back outside to Matt and Ann. You've got to watch everything you say, because they dice it up.

MATT LAUER: What you can do with a home computer and a little video.

MORALES: Right.

LAUER: No question.