The show must go on and the Macy’s Thanksgiving Day Parade will go on rain or shine, Macy’s tells NBC New York. The parade is scheduled for Thursday in New York City and unfortunately, the forecast looks rainy.

The Macy's Thanksgiving Day Parade is expected to proceed regardless of rain, but many of the large character balloons won't be permitted to fly if the wind gets too aggressive.

While the sun should be back out on Friday, temperatures are expected to plunge over the weekend. Saturday will have a high of 40 degrees, and Sunday’s high will barely reach 40, NWS says. Lows for both nights will be below freezing, in the upper 20s to low 30s.