Hillary Clinton Makes Concession Speech Wednesday Morning

Hillary Clinton gave a concession speech Wednesday morning in New York, a day after Donald J. Trump won the presidential election. The loss was painful, Clinton told supporters, and "will be for a long time."

"But please never stop believing and fighting for what's right - it's worth it," she said, drawing a long period of applause. 

Of Trump, she asked supporters to give him a chance as he will be our next president and "we owe him an open mind and a chance to lead."

Clinton called president-elect Donald Trump to concede at about 2:30 a.m., but gave no speech and put out no public statement Tuesday night after her defeat. 

On Tuesday night, Clinton campaign chairman John Podesta told supporters she would not say anything and they should get some sleep.The mood in the hall at Javits Center went from jubilant to shell-shocked as the returns came in. People were crying, hugging and many of them wore looks of disbelief, reports CBS News correspondent Nancy Cordes. 

This campaign had been so sure of victory based on its data that at 8 p.m., they told us Clinton was putting the finishing touches on one of the two speeches they had prepared for her – a sign they all believed she had won and might even be declaring victory on the early side. 

They even had transition meetings set up for Wednesday morning, and believed Clinton would be going to Washington D.C. Thursday to meet with President Obama as the first female president-elect. A lot of those tear-trained faces at the Javits Center were young women, who were convinced she was going to break the glass ceiling.

Trump campaign manager Kellyanne Conway says Hillary Clinton had more money and more people on the ground but, Team Trump "outworked them, and frankly, we outsmarted and outclassed them in some cases."

Conway appeared on Fox News on Wednesday to analyze Donald Trump's stunning defeat of Clinton. Conway said the Republican billionaire "did a great job sealing the deal."

She said: "Take it to the bank -- candidates matter. There's no substitute for a great candidate."