The 2008 Election kicks off in earnest today with the Iowa caucuses. Both Democrats and Republicans are stressing the election's importance. Tonight, Susie Gharib talks with political analyst Tom Gallagher, Director at the International Investment & Strategy Group. Crude oil futures have traded over $100 a barrel for the second consecutive day. Tonight, Erika Miller takes a look at the January Barometer. It's a Wall Street adage that says January's trading dictates the market's direction for the rest of the year.

Auto Sales for December were released today. For the first time in 75 years, Toyota overtook Ford to become the number 2 automaker by sales in 2007. Diane Eastabrook will take a look at the auto industry's outlook for 2008. In New Orleans, preparations are nearly finished for the city's big January 7th event - the College Football Bowl Championship Series. But as football season ends - another - "convention season" is in full-swing. Jeff Yastine reports on how nearly 2-1/2 years after Hurricane Katrina flooded the city, New Orleans is again hosting some of the largest conventions in the country.