Go up to the Meeting toolbar, and from the drop down select Record Meeting.
You will be given the option to name the recording and provide a summary that pertains to the session.
Once the recording has started, a red circle will appear in the upper-right hand corner of the Connect Meeting room.
To stop the recording, click on the Stop Recording link under the red circle in the upper-right hand corner of the Connect Meeting room. Or, you can also go back up to the Meeting tool bar and unselect Record Meeting from the drop-down.