I’m new to this software and my refurb PC is “new” also. I can’t get ANY wave forms indicating that this latest Audacity 2.1.2 software is listening to it. (My previous DAK audio editor worked flawlessly but is no longer an option for this Win 10 Pro 64-bit so I’m generically familiar with the editing process).
My specs: Dell Optiplex 790 with Windows 10 Pro 64-bit. My add-on (old,scavenged) sound card is a Creative SB X-fi and Advent speakers (2 desktop/1 subwoofer) are functioning normally. All the SB x-fi drivers are up to date per Device Manager driver update info. On right-clicking the speaker icon I note that the speaker recording device shows the presence of “What-U-Hear” but it is “not available”; “Line-in” and “Digital-In” are “available”. I’m currently using MME, Creative SB Line-In, Creative SB speakers for the recording inputs. I have tried most every combo to get the waveforms to show on the Audacity editor without success. I’ve searched the forum and manual and cannot locate any suitable solution. Any help out there? Thanks!
Try the “WASAPI loopback” method described here: http://manual.audacityteam.org/man/tutorial_recording_computer_playback_on_windows.html#wasapi
Steve, thanks for your help. I started thinking about the soundcard drivers and even though the PC stated that they were the most current, I went to the creative website and noted that the date on the drivers was much more current than the ones described via the device manager on my PC. So I downloaded them manually. For whatever reason, when I shut down and rebooted, opened the audacity editor, reconfigured the task bar with “what you hear” and the creative SB speakers, the Internet streaming appeared once I clicked on the record button. I was also able to see waveforms on the microphone bar. So now I am able to record what I see. I’ll try to figure out how to get the recording converted to the MP4/AAC format for my ITouch as my next project. 
It’s a good thing it’s a rainy day and I can’t go out and rake leaves!
Yes that is a common problem. Device Manager, generally speaking, only checks Microsoft’s WHQL database of signed and accredited drivers. If there are no WHQL drivers then Device Manager will use generic Microsoft drivers and still say your drivers are up-to-date.
Occasionally Device Manager’s latest drivers may be more stable than a new driver on the manufacturer’s web site, but the web site should be your first port of call. You can always if necessary roll back to the earlier drivers in Device Manager.
Gale