Obama to give first statement on Trump victory
© Victoria Sarno Jordan

President Obama will address Donald TrumpDonald John TrumpDonald Trump and Joe Biden create different narratives for the election The hollowing out of the CDC Poll: Biden widens lead over Trump to 10 points MORE’s victory on Wednesday afternoon at the White House, his first chance to publicly address a staggering defeat for him and his party.

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Obama will speak in the Rose Garden at 12:15 p.m. with Vice President Biden at his side, the White House said.  

Trump’s win over Hillary ClintonHillary Diane Rodham ClintonTrump campaign launches Asian Pacific Americans coalition Van Jones: A 'white, liberal Hillary Clinton supporter' can pose a greater threat to black Americans than the KKK Taylor Swift slams Trump tweet: 'You have the nerve to feign moral superiority before threatening violence?' MORE amounted to a stunning repudiation of Obama, who was relying on the Democratic nominee to carry on his presidential legacy.

Obama campaigned hard for his former secretary of State, and most political observers thought his strong approval ratings would help her carry the day. 

But the president now faces the reality that Trump could gut many of his biggest accomplishments, including his signature healthcare law and the Iran nuclear deal. 

Obama’s aides have said he will uphold the longstanding tradition of a smooth transition of power. The president called Trump early Wednesday morning to congratulate him and invited him to meet at the White House Thursday to speak about the transition. 

But Obama will be handing over the Oval Office to a man he called unfit for office, and one who ran against his vision of a diverse, inclusive America.

-- Updated at 11:33 a.m.