Your world in 90 seconds. The world welcomes in 2016. In paris, thousands marched down down the champ. Millions of weather. Oh, my gosh. Cant blame the ice. Its not even cold. Hey its still not clear what caused a hotel in dubai to go up in flames. At least 14 people were injured. The Mississippi River and a tributaries are at or near record levels. Hundreds of highways and roads are still closed. Been out here 15 years, and never seen it like this. Rochester, new york, the fbi says Emanuel Lutchman planned an attack to prove he was a member of isis. Alabama booking a spot in the National Championship game opposite clemson. I told them, you aint favored to win the damn game but we aint no underdog and all that matters. What is your resolution for our 2016 . I tell you what, my resolution is to make America Great again on cbs this morning. Ladies and gentlemen, Anderson Cooper has been spraytan. We have live in reno in the hot sun. Announcer this portion of cbs this morning sponsored by toyota. Lets go places. We hope youre enjoying the first morning of 2016. We recorded parts of this broadcast in the days leading up to the new year. And here we are. Yeah. Another year all together i like it i like it. New years is a great day for me. You think about what you want to really . Tired. No. But it does make you think what a great year we had going last year and now what to accomplish in the new year. And this year will be better. Dont you remember when you were younger they said time flies. I really do believe that. This morning. First, lets head into the newsroom for a check of this mornings haents headlines. Good morning. The year welcomed in 2016 without serious trouble under a canopy of colorful fireworks. About a Million People packed new yorks times square to watch the ball clop. Some events in yur were scaled back or cancelled because of terror concerns. Police in munich, germany, said they got a concrete trip that iraq were planning a suicide bombing near midnight. Nothing happened and the terror warning has now been called off. Rochester, new york called off its new years celebration because of a man planning to plot an attack at a local bar. Flooding is happen looping the mississippi and ohio rivers. David begnaud reports, the impact is likely to last for several more weeks. Reporter southwest of st. Louis, missouri, towns are under water and roads look like rivers and homes, some of them are nearly submerged. We are still at a flood stage of 41. 2 feet and it will go down but a lot of water the levee is holding right now. Reporter in arnold, missouri, people are without homes and temperatures are dropping below freezing. Until this goes down and they can come and check our homes and cant live in them, so we are going to be out of a place to stay probably a couple of weeks at least. Reporter the thorn family has lost their home in arnold due to the flooding but for linda thorn this new year oh, my lord. Its a new beginning. Ive got a great grandbaby coming in. This baby, if it comes at midnight, it is definitely going to be a fantastic new year. Reporter for cbs this morning, david begnaud, st. Louis, missouri. New years day is known for bowl games but the matchup for College FootballsNational Championship was decided on new years eve. Top ranked clemson stayed undefeated beating oklahoma 3717 in the orange bowl. Second seeded alabama shut out Michigan State in the cotton bowl 380. A fire in dubai left a luxury Hotel Skyscraper in flames before that citys fireworks. Heavy smoke billowed from the 63story tower. Allow explosions could be heard inside. Heard a fire one month from today, actual president ial voting will begin at the Iowa Caucuses. By the end of 2016, americans will elect a new president. But we still have miles to go in this campaign and we have an ace to guide us this morning. Face the nation host John Dickerson is also cbs news political director and wall street journal peggy noonan is a cbs news contributor and the author of the time of our lives. Country covering the campaign. Welcome here on this new years day. Let me ask peggy, what does this signify now that we have gone to a new year in the politics and this race to be the next president . It means things finally get really and substantially exciting. We are, right now, going from the past 18 months where everybody said, i got a gut feeling and i think this is going to happen, there is a new poll, dah, dah, dah. Now things are really going to happen. The voters are going to get together and there is really going to be caucuses in iowa. New hampshire is going to vote soon after. We are actually going to find out if the donald trump phenomenon is real and lasting, and if it is not, we are going to find out what is coming up and who is going to take this thing over. Nancy, february 1st is iowa. February 9th is New Hampshire. This is the latest these caucuses and primaries have been in 20 years. What does that mean . It means that not only is the until we see what happens with donald trump, if he can maintain this lead, but alsowill races below the president ial election is frozen as well. House republican candidates are waiting to see how they are going to run their races. The interesting thing you ask any republican leader, any republican strategist, they have no idea what is going to happen. We have never seen anything like this before so they dont know if trumps lead will entirely disappear when folks in iowa and New Hampshire head to the polls. John, havent some of the polling out of iowa show there is extreme fluidity in the race . There always is. The cliche about iowa is organize, organize, organize, and get hot at the end. We are at the end now. We are in the moment of excitement for underdogs because this is what they have been saying. They said after the new year, voters you say norah, being very fluid, will turn to me when they are going to pick a president. That has happened in the past. Remember, Rick Santorum out of nowhere to win the Iowa Caucuses. The challenges for that underdog, sticking with oogiowa, the last two winners of the Iowa Caucuses have not gone on. Happened before, george bush won it and didnt go on and bob dole won it and didnt go out in 88. But its suggesting on the democratic side, we have seen surprises of barack obama in 2008 and john kerry in 2004. A late starter to organize and kick off the momentum then. John kerry the long hot candidate. All of those one or two or three in the polls, they wont say this outloud but say id like to be like john kerry who was 3 in his rivals went after each other he rose when they fell and that is the hope for a lot of those republican candidates. The other thing that concerns me when we get to the convention, if, in fact, it is Hillary Clinton who will she choose as a running mate and if, in fact, she is the nominee. Will republicans feel like they have to choose a woman as a running mate . I dont know. Im not hearing that among conservatives and republicans. I remember the dream team was marco rubio of florida and john kasich of ohio. It was like florida and ohio, my gosh, put that together. Im not sure they will feel they have to have a woman, but i am sure that conversation will come up. Why wouldnt it . And there is a lot of good women to choose from there. Who are those republican women that would be at the top of the list . Well, i think the first person you will have to think of is Carly Fiorina who is not huge in the polls right now, but who and who is, on some level, won some of the heart, i think, of the party. So she would certainly be first consideration, i would think. I would think nikki haley and governor kelly ayotte . You have a bench there and a lot of reasons they would want. Could we look at this day and figure out what the great debate is about for america in 2016 . I think you have to assume its going to be a mix of economy and foreign policy. You know, in 2008, obviously, the economy. The economy and that really helped barack obama, but i think we are going to see this pingponging back and forth over the course of the next year between economic concerns and then when something happens, hopefully, it doesnt, but when we have terrible things happen either here at home or abroad coming to the forefront. When you pole Republican Voters who you think is strongest on the economy, they say donald trump. When you ask them who do you think is strongest on foreign policy, they say donald trump. At least for right now, he is sort of rising above everyone. And normally you would think, okay, he has got this huge lead he is up by 15 points. Of course, he is going to do well in those primaries, but he doesnt really have a traditional organization, he doesnt have people, staffers working for him in these states, precinct captains, things like that. The alternative narrative, draw that, which is given republicans changed, not only the number of debates this election cycle, they made less. They changed the primary schedule. They made it more compact. How will that change and impact a potential trump candidacy or others taking trump out . Well, lets go to fewer number of debates. Doesnt do as well in debates as he does in other venues because he is not as detailedoriented and lesser for a candidate to not get hi shars of maritime to get in front of the voters. You would think they would want more debates a chance to shine and take him down. Thats the way in which its changed. I think another way what will be interesting to watch, we are talking about the Vice President ial pick, it is still possible that because of the way the delegates are proportioned and if the field stays large enough, you could, this is Wishful Thinking on the part of all political reporters but you could have a situation you get to the convention and the nominee is not yeah. Then you have an exciting situation of Republican Party hasnt had since 76 with reagan and ford. You have a situation you go to cleveland and we dont know. There are people who have watched the unfolding in 2015 and they say that ted cruz really studied past president ial student of it. Everybody think he is a very bright guy and the lessons he has learned in terms of organization, organization, organization. Organization. And also tacktical restraint. We saw him stay away from donald trump in a lot of fights he could have had. And that worked well for him. So he had not only the organization, but also one of the things they the candidates who say have run before is the thing they say they have learned is not to swing at every pitch which is to say you need some discipline and the fact that cruz is able to stay out of a lot of those fights, that may be the thing that really benefits him. Donald trump was not in school that day, was he . He swings at pitches, the umpire, the opposing team. One of the Amazing Things about trump is that discipline is exactly the word. When you get in and you start to win, you start to look like youre winning, you start to look like youre really possible, if you are, if youve you develop discipline. You show respect for everybody by being disciplined. You can have colorful programs and colorful ideas, dramatic ones but you put them forward in a thoughtful and we can talk about this way and youre not unnecessarily insulting. It is amazing to me that donald trump has or someone around him, has enforced him to exhibit the kind of discipline that a winner must have. Who is that person who could do that . I dont know who that person could possibly be. Other than donald trump. That is the answer but i dont see how you do it without discipline. If it goes for the convention, a fight of a handtohand fight on the Convention Floor is about discipline and having you really need it. Peggy, thank you. John, nancy, thank you so much. Las vegas is battling to heat things up in 2016. Sin city is luring the next generation of gamblers by rolling the dice on a new era. Ben tracy got a look at what change. Reporter las vegas as we know it was built on the back of the onearmed bandit. Slot machines with their 60 profit margin are cash cows. But greg says it may be time to put them out to pasture. 45 and under are not going to play slot machines. They are just not. Reporter if he sounds like a guy with something new to sell, well, he is. We are going into a brandnew world. Reporter greg heads one of the companies that are betting on a very different kind of gambling. Welcome to vegas pinball reporter a casino that looks much more like an arcade and a nightclub, filled with games that require skill, not just games of chance. This is much more like a video game than gambling to me. Yes, it does, doesnt it . Im fighting for my life over i want to turn a casino into where you have a fighting chance to win some money. Use your skill. Shoot a target. Reporter i cant imagine that your sales pitch to the casinos, they dont want a fighting chance to give money to people. The base will change. As you get older and evolve you have to be prepared for the next generation coming . Reporter that generation is the millennials. They head to las vegas in droves and head past the casino and into nightclubs. Just 63 of millennials who visited las vegas in 2014 gambled, compared to 78 of their parents generation and 87 of their grandparents. Young people come to vegas for nightclubs and partying and dancing and no longer for gambling. You always have to keep your eye on the prize. Reporter Darian Loewenstein is the steve marketing officer reporter you won 3. 20 their idea is take the games people play on their smartphone an add gambling. You can also compete not against a dealer, but against your friends. As opposed to the focus of did i win or lose money, they Start Playing and get more invested in did i beat the boss . Am i getting to the next level . You know . How am i doing at the game play as opposed to the money part of it. Reporter the flip side of that they are not realizing how much money they are losing . Right. Absolutely positive. Reporter a change in nevada gaming regulations in september now allows for skilled players to potentially win more money by advancing further into the game. But the downside is if you arent good at the game, you could lose even more often than a game of chance. These new skillbased games are expected to hit casino floors this year. We are now treading into a new territory. And, again, we are trying to attract a different generation. They dont play poker or blackjack but they play arcade games. Matter how much manufacturers try to keep them relevant, may be on their final spin. Ten years from now, those will be empty slot machines that dad used to play. Reporter for cbs this morning, ben tracy, las vegas. Not your grandmas vegas any more. There is a booming wine region already larger than napa valley in a land you might not expect. Seth doane takes us to the vineyards of china. Jill schlesinger is here and looks at the changes in the economy for 2016 and what it all means for your money. She made Marathon History at 92. The inspiration that helped her cross the finish line. And this is what got you to the race . Yeah. And then very fast things too. The news is back this morning morning. [music] no, no, no, no, people are both soft and strong. Yey which is why our products are too. Angel soft. Feel a cold sore coming on . Only abreva can heal it in as few as two and a half days when used at the first sign. It penetrates deep and starts to work immediately to block the virus and protect healthy cells. Dont tough it out, knock it out, fast. Abreva. They say when mr. Clean saw all the Different Things his new smart phone does. It reminded him of his magic eraser. Its not just for marks on walls. Its tough on kitchen grease. And bathroom grime too. Hes your. 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Breaking news in west orange new jersey, firefighters are battling a huge fire at the church on main street. You can see the flames piercing through the windows and roof of the church, investigators say the fire started before 5 00 this morning, there are no reported injuries. Committee add 9 the church to a list. And suspects 17yearold and 19yearold were led away in handcuffs