The 137th Rose Parade in Pasadena, California, is scheduled for New Year's Day, featuring marching bands and floats. Forecasters predict rain and possible thunder for the event, which typically draws hundreds of thousands of spectators and millions more on television. Meanwhile, New York City's New Year's Eve ball drop is expected to be very cold, potentially the coldest in years, with temperatures in the low 30s Fahrenheit and snow flurries.