WATCH LIVE: New Pope Anointed

At St. Peter's Basilica in Rome, a jubilant crowd greets Pope Francis

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UPDATE: We have a Pope! Watch above as the crowd at the Vatican reacts to the naming of Argentine Cardinal Jorge Mario Bergoglio as Pope Francis, live from Rome.

Do we have a new Pope yet? Check the chimney.

Black smoke has billowed twice from the roof of the Vatican’s Sistine Chapel since yesterday, indicating that the gathered Cardinals of the Roman Catholic Church remained divided on the successor to Pope Emeritus Benedict XVI. The black smoke comes from particular flares used in the chapel ovens where the ballots are burned, the Associated Press reports. While some are filling out a Fantasy Conclave bracket (prize pool is $300 at the moment), the eyes of the world are on a small chimney poking out of the Holy See’s roof. Now you too can keep an eye on the smoke stack through CBS News‘s live cam, among many others. White smoke means Habemus Papam — Latin for “We have a Pope.”

LIST: 5 Ways to Follow the Conclave

MORE: Interpreting the Results from the Sistine Chapel