When I record I see nothing at all, and then once it's done this I what I get in the image below. Even when I open previously recorded tracks this is it. If anyone has any idea why it would really help! I'm missing out on money because of it as it's rendering me unable to mix. I haven't changed any settings or anything. The only thing that's different is the BandLab assistant updated. Other than that I can't think of anything. 
 

does the tracks have a sound on it?

Yes, I can hear everything just fine. Just can't see the wave forms. 

you can try (bounce to clip)see if the wave forme appear..
 
(i notice on you picture the clip say 'busy'

I've tried bouncing clips but still nothing. I noticed that they clips say busy as well but don't understand why. Upon opening projects I get a notification that "Transients are generating". 

Try this:
https://www.cakewalk.com/Documentation?product=Cakewalk&language=3&help=Troubleshooting.37.html
 

Problem solved!
 
Under Preferences/File/Audio Data, the Picture Folder was not selected. I had to create a path. Thanks to all of you!!! You're much appreciated! 

cool