WATCH LIVE: Obama To Deliver Statement At 2:35 P.M. ET

President Barack Obama speaks at a town hall during the Summit of the Washington Fellowship for Young African Leaders at the Omni Shoreham Hotel Monday, July 28, 2014, in Washington. The President announced that the ... President Barack Obama speaks at a town hall during the Summit of the Washington Fellowship for Young African Leaders at the Omni Shoreham Hotel Monday, July 28, 2014, in Washington. The President announced that the program will be renamed in honor of former South African President Nelson Mandela. The summit is the lead-up event to next week’s inaugural U.S.-Africa Leaders Summit, the largest gathering any U.S. President has held with African heads of state. (AP Photo/Jacquelyn Martin) MORE LESS

President Barack Obama is expected to deliver a statement Friday at 2:35 p.m. ET, the White House announced. Watch live below via NBC News: