WATCH YANKEES PARADE LIVE ONLINE

Today, New York City will host a parade as a tribute to the 2009 World Series Champion New York Yankees. It's their ninth trip as the Canyon of Heroes.

Bronx Bombers in their 27th championship wins over Philadelphia Phillies 7-3.

Hideki Matsui was awarded MVP honors for his extraordinary performance which included a two-run homer off Pedro Martinez. The title was first awarded to a Japanese-born player.

Starting 8 a.m., streets in the vicinity of the parade formation area will be closed to prepare for the celebration.

The city's last ticker-tape parade honored the Giants when they captured Super Bowl XLII.

You can watch the Yankees Parade 2009 live online (live stream video) here.