Watch online live streaming video of the 2016 Olympics Announcement today. The 2016 Olympic Game location announcement hits online and broadcast tv Friday.

UPDATE #1 8:30 AM PST - Chicago is out!
Chicago has been ELIMINATED in the first round of voting!

Developing …

Original Story Below:

Obama told the committee in an passionate speech:

“Nearly one year ago, on a clear November night, people from every corner of the world gathered in the city of Chicago or in front of their televisions to watch the results of the U.S. presidential election.

“Their interest wasn’t about me as an individual. Rather, it was rooted in the belief that America’s experiment in democracy still speaks to a set of universal aspirations and ideals.”

“You see, growing up, my family moved around a lot. I grew up in Hawaii, I lived in Indonesia for a time. I never really had roots in any one place or culture or ethnic group. Then I came to Chicago. And on those Chicago streets, I worked alongside men and women who were black and white, Latino and Asian, people of every class and nationality and religion.”

The 103 members of IOC begin voting at 1510 GMT. The total process will take 30 minutes. One hour later IOC president Jacques Rogge will announce the winner (just before 12 pm Chicago local time).

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VIDEO! Here is a video of Cool Runnings, the film based upon the 1998 Jamaican Bobsled Team, plus a photo of the NEW Jamaican Bobsled Team today! The new Jamaican Bobsled team could given producers a storyline for a sequel - the team is set to qualify for the 2010 Olympics in Vancouver.

CLICK HERE TO WATCH THE VIDEO

The original film’s stars were Leon Robinson, Doug E. Doug, Malik Yoba, Rawle D. Lewis, and John Candy. But 2010 Vancover could have new real stars as Jamaica makes a bid to qualify and shoot for gold.

Want to see the new team’s photo?

CLICK HERE FOR THE NEW TEAM PICTURE

Says local press:

The Jamaica Bobsleigh Team is on track in its qualifying bid for the 21st Olympic Winter Games, scheduled to be held February 12-28, 2010 in Vancouver, Canada. The team recently concluded four months of training and competition with a 10th place finish in the two-man race at the Bobsled and Skeleton World Championship in Lace Placid, New York.

The team reportedly is doing a press tour.

While on a brief stopover in New York on April 3 on their way home from Lake Placid, Alexander, Wallace and Marvin Dixon, toured the Jamaican-owned Caribbean Food Delights production plant located in Tappan. The team also did interviews on Caribbean Lifestyle TV (CLM), Irie Jam Radio, 93.5 FM, and dined at the Door Restaurant in Jamaica, Queens and Ripe Restaurant in Mount Vernon, New York.

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Michael Phelps Loses Endorsement! Michael Phelps has lost his first of many possible endorsements. Michael Phelps has lost his endorsement by Kellogg’s cereals (photo above).

Kellogg was one of the first corporations, if not the first, to endorse Phelps. Late tonight the statement came in - no renewal of the endorsement deal ending this month.

Kellogg’s simple statement:

“Michael’s most recent behavior is not consistent with the image of Kellogg.”

No response by Phelps. Tonight’s announcement is believed to be one of many endorsement cancellations in the pipeline for the Olympic champion.

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VIDEO! Watch video from Michael Phelps’ Book Tour! Michael Phelps book tour talked about his favorite Olympic moments. Phelps said on his book tour he misses highly competitive games of Risk with teammates in the Village.

Phelps appeared this week at Adelphi University promoting his new book called “No Limits: The Will to Succeed.” Over 2000 were in attendance.

But one person Phelps wants to meet, and hasn’t, is Michael Jordan.

Reports Newsday: “How he changed the sport of basketball, that’s what I want to do with the sport of swimming”.

Watch video of Phelps’ book tour below.