King Felipe VI, Queen Letizia Crowned in Madrid

After nearly 40 years, King Juan Carlos abdicates the throne.
2:09 | 06/19/14

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Transcript for King Felipe VI, Queen Letizia Crowned in Madrid
Now to royal history being made. In Spain where king Juan Carlos has passed the crown to his crown to prince Felipe after 40 years on the throne and Sara Haines has all the pomp from today's coronation. Reporter: This morning, a new reign in Spain, king Felipe vi and queen Letizia crowned. In the streets pure jubilation as the couple drove by in their royal rolls-royce. Their destination, the palace. The new monarchs waved from a balcony along with their two little princesses, Eleanor and Sofia. Queen Letizia looking regal and radiant dressed in an elegant white dress coat. A true Cinderella story. She's a blue collar beauty and he a blueblood prince educated at Georgetown taking over from his father king for nearly 40 years. The new queen, a youthful 41. A journalist who reported for CNN and Spanish television married to a high school teacher when she met Felipe on assignment. ? and soon left her marriage and her career for the strapping prince. Prince Felipe and Letizia have been married for ten years. They have been on 73 trips officially and have visited 38 countries. Reporter: While her divorce makes her a rare figure in the monarchy her middle class background compare her to another famous royal, and like Kate she is quickly becoming a fashion icon, a woman of the people now a symbol of the people, as well. The former king, 76-year-old and the new Royals will help rally the country trying to shrug off a double-dip recession and 26% unemployment rate and based on the cheers we're hearing this morning looks like they had a lot of support. Had to get over the loss in the world cup too. Another little nip -- You had to bring that up. It was supposed to be an upper, not a downer, George.

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