NEW YORK (TheStreet) -- President Obama spoke from the Rose Garden of the White House Wednesday afternoon about the results of Tuesday night's presidential election between Republican Donald Trump and Democrat Hillary Clinton. His speech aired on BloombegTV. In an upset that shocked the world and sent markets and currencies lower, Donald Trump came out on top and will become the nation's 45th Commander in Chief.

"I had a chance to talk to President-Elect Trump last night, about 3:30 in the morning I think it was, to congratulate him on winning the election, and I had a chance to invite him to come to the White House tomorrow to talk about making sure that there is a successful transition between our presidencies," Obama said.

The President continued by noting that he and Trump have some "significant differences," but also pointed out that eight years ago the same could be said of him and former President Bush. Obama made it clear that the Bush administration was gracious and professional when it came to the transfer of power and that he intends to extend the same courtesy to Donald Trump.

"One thing you realize quickly in this job is that the presidency and the vice presidency is bigger than any of us," Obama said.

Switching the topic to Trump's opponent, Obama expressed pride in Clinton's efforts and her "extraordinary life of service."

"Everybody is sad when their side loses an election," Obama continued. "But the day after we have to remember that we're actually all on one team. This is an intermural scrimmage. We're not Democrats first, we're not Republicans first, we are Americans first. We're patriots first."

Everyone wants what is best for the country and its people, and that is what President Obama said he heard in Trump's remarks when he won and in their private conversation.

"That is what the country needs: a sense of unity, a sense of inclusion, a respect for our institutions, our way of life, rule of law, and respect for each other," Obama said.

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