the weather channel's julie martin is there. julie, good morning. >> reporter: good morning to you, lester. yes, freakishly cold weather expected here in the state of florida through monday and a hard freeze warning all the way from the panhandle in through plant city where i am. as you can see farmers doing everything they can to try to protect their crops from mother nature but fully expecting some damage from this cold snap, which is, by the way, been a week-long event. but now temperatures are going to get even colder, dipping into the 20s through monday. i want to take a look across the state of florida. flurries and ice reported as far south as miami yesterday. people using whatever they can to scrape off their windshields in florida. not something you would see every day. in fact orlando hit one of the coldest highs its seen in about five years. and several southern states just dealing with treacherous roadways as a result of this system. sheets of ice all the way from dallas in through st. louis in through atlanta. so, le

parts of florida could see historical low temperatures by sunday morning, and julie martin is in wintern, florida, with the weather channel for us. julie, good morning. what's it like there? >> reporter: well, good morning to you, alex. right now we're at about the 32-degree mark, the freezing mark, and it's kind of the crucial time for farmers. it's going to get more crucial as the hours wane on here into sunday and into monday, as temperatures are going to be in the 20s. all it takes is about four hours for damage on these trees. i want to show you one of the ways they protect the trees here. they use these water systems to spray it at the root, and that sort of seals in the warmth in the tree trunk there, helps save the tree from freezing due to mother nature. that's one of the ways they do it here. that's what they've been doing all week long in central florida. they've also been getting out here, picking the oranges, getting them to the processing plant as early as to be to try to get as much orange juice made and get these out of harm's way as they can. as you mentioned, a huge in

thank you, julie martin. >>> let's check out across the pond where europe is also feeling the effectsthe freezing cold. britain, which is already deep in its longest cold spell in nearly 30 years, registered its chilliest night yet this season, minus 22.3 degrees celsius. the cold has so many on edge, the frustration even came across on a british news cast. >> in october you predicted a mild winter. >> indeed. >> you repeated that again on november 23rd that it would be a mild winter. so i -- given that it is clearly not a mild winter, by any standards, why are you getting a performance-related bonus? >> oh. well, nbc's tom aspell is in london with the latest on that. my goodness. overall what has it been like in europe there, tom? >> well, alex, europe's cold snap has seen snow closing roads and airports across the continent and has icy blizzards from the arctic bring freezing temperatures and misery to millions. in britain, normally mild winters are a memory as schools close and millions stay home from work. local counsels have used up so much gravel on the icy roads that they have

to evaluate the current policies especially monetary in real time at the inaugural martin feldstein address this past july in the attempt to determine at the time if policies are having any negative will affect in order to alter them sooner if they are not effective i think is of immense mythological significance for policy evaluation a practice. most contracts also malaysians have been performed long after the fact as was noted by john including one on i did back in 2004 in the may issue of the american economic review of the need for preemption and monetary policy and leaving the lives generally. the conclusion of virtually complete ineffectiveness and that is relevant for today's session. the complete effectiveness of monetary policy as it had been taken, and for the fiscal policies being used it is not supported by the empirical results of the large scale counterfactual work that we did. john's underlining model is very different with much in common but with many omitted variables and less structural content and underscore is that any counterfactual simulations are very model specific. if you believe

to evaluate the current policies especially monetary in real time at the inaugural martin feldstein address this past july. in the attempt to determine at the time if policies are having any negative will affect in order to alter them sooner if they are not effective i think is of immense mythological significance for policy evaluation a practice. most contracts also malaysians have been performed long after the fact as was noted by john including one on i did back in 2004 in the may issue of the american economic review of the need for preemption and monetary policy and leaving the lives generally. the conclusion of virtually complete ineffectiveness and that is relevant for today's session. the complete effectiveness of monetary policy as it had been taken, and for the fiscal policies being used it is not supported by the empirical results of the large scale counterfactual work that we did. john's underlining model is very different with much in common but with many omitted variables and less structural content and underscore is that any counterfactual simulations are very model specific. if you believe