President Barack Obama was reelected for a second term last night, and when he took the stage in Chicago to give his victory speech, his leading ladies — wife Michelle Obama, and daughters, Malia and Sasha — were by his side to celebrate. For such a momentous (not to mention, historical) occasion, the first lady styled up a beautiful magenta dress by Michael Kors. Fun fact: this wasn't the first time she's worn it! Want to know more? Get all the details in today's Fab Flash. On Allison McNamara: Forever 21 top, House of Harlow necklace.