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He then watched television coverage as we are watching these pictures unfold, these developments unfold, on television. president obama was doing the same this morning, looking at the scene that has unfolded in cairo, that he was there watching for several minutes, just outside the oval office, watching the coverage, as we are watching extraordinary developments take place. we've also been told now that president obama will make an on-camera statement later today about what we are seeing that is taking place here throughout the country of egypt. clearly, very significant development. the obama...

They said to themselves, the egyptians, if a small country of tunisia could do it, why not a proud distinguished nation like egypt do it with thousands of years -- >> wolf, stand by. >> yeah. >> because we want to find out, what is the reaction. ivan watson is at the presidential palace where this statement was issued, whether it was a tape recording, it came through state-run television. ivan, hold up your telephone, give us an idea of what the crowd reaction is where you are at the presidential palace. >> jim, take a listen. the crowd is cheering. it's just a few yards from the walls of the ...

We are witnessing what is probably the largest public popular uprising in the history of the middle east. president hosni mubarak has stepped aside. he has resigned the presidency. let's listen as omar suleiman, who is vice president, delivered the message in a statement a short time ago. >> translator: i, president mohammed hosni mubarak, has decided to step down as president of the egypt. and has assigned the higher council of the armed forces to run the affairs of the country. >> and that was it. basically one sentence in which president hosni mubarak stepped aside. the epicenter of this up...

We are told that the president was informed of president mubarak's decision to step down during a meeting, he then watched tv coverage. the admin straight watching along with us. then watched tv coverage of the scene in cairo for several minutes in the outer oval office then it goes on to say he will make an on-camera statement today. we expect to see the president. >> let me go, let's talk about this, it's been a tricky move for the president. at the same time, he's had to worry about the signals being sent to our oil producing allies, the king in saudi arabia. how do they feel they've handle...

Another says just one word, jubilation. another one-word tweet from love for tennessee, relief. another says tears in my eyes. so, the jubilation on the streets of cairo's really being shared by people around the world, who for the past more than two weeks, have been following this almost nonstop, suzanne? >> and jim, we're just getting more information now about president obama reacting to what we're seeing on the streets there. 1:30 we're told president obama will come out before the cameras, and he will make a statement, an on-camera statement, about what is unfolding, what is taking place ...