kharkiv where forces tell us the fight is far from over. plus georgia s high stakes primary fight. good morning, aviators. big screen blockbuster, hollywood banks on tom cruise for a box office rebound. and later watch out gardeners, jumping worms and it s not a joke. it s like a night crawler on steroids. this is the cbs weekend news this is the cbs weekend news from new york, with jericka duncan. > duncan: dood evening, we thank you for joining us on this sunday. tonight a welcome site for parents panicked by a critical nationwide shortage of baby formula. the first shipments arrived in the u.s. from europe, part of what is called operation fly formula. it is a biden administration initiative that aims to quickly increase supplies of the vital food source. 132 palates of specialty formula were unloaded from u.s. air force cargo jets today in indianapolis. it is enough for more than half a million baby bottles. it will be inspected and fast tracked for
duncan: well it say big week for hollywood, memorial day traditionally kicks off the summer movie season and in tonight s weekend journal cbs s tom wait reports how studios are counts on a long delayed blockbuster for a pandemic rebound at the box office. good morning, aviators. this is your captain speaking. holdywood is bank on top gun maverick made by mar a mounts global the parent company of cbs and paramount pictures to be one of the summer blockbusters bringing audiences back to the big screen. i love the experience of a movie theater, there is nothing like it like the surround sound, the popcorn, all of it. to infinity and beyond. two years of the pandemic battered the box office. in 2020 revenue plunged 81
talk about a quick return. investors in the linkedin ipo saw the worth of their shares more than double on thursday. the stock priced at $45. it opened at $83 and quickly topped and quickly topped $100 a share. if you sold it high you did very well. only problem is a few of you out there were able to get in on the stock at the beginning. that opportunity is generally limited to big investment funds and their top clients. also a big week for hollywood. broadcast networks unveiled their new primetime lineups and what s known in the tv world and up front week. no schedules announced, programs showcased. advertisers start placing their bids. we all love our favorite tv shows. is this a good opportunity for you to invest in the companies that actually show those shows? matt mckauly, author of the next great bull market.
we have over 50 tlts in unfunded liabilities, medicare, medicaid, all unsustainable. i think we need to do something in connection with the decision to raise the debt ceiling. it deals with the debt. both medium and short-term, medium term and long-term. that what it would take to get my vote. a cnn contributor, secretary geithner said not raising the debt ceiling would be catastrophic for the economy. now, he concedes no one knows for certain what could happen in the event that it s not raised. are republicans willing to risk sending this fragile recovery that we re in into chaos to find out if they re right? no. but neither are democrats. let me tell you why i m certain. a, the debt ceiling has been raised 74 times since 1962. second the consequences for not raising the debt creeling are dire and everyone knows it i have my tim russert prop. if we don t raise the debt ceiling the government cannot issue new debt. we take in 60 cents for every dollar we spend. we spend
talk about a quick return. investors in the linkedin ipo saw the worth of their shares more than double on thursday. the stock priced at $45. it opened at ipo saw their stocks double. it quickly topped $100 a share. if you sold it high, you did well. a few of you out there were able to get in on the stock at the beginning. that opportunity is generally limited to big investment funds and their top clients. it was also a big week for hollywood. broadcast networks unveiled their new prime time lineups this week in what s known in the tv world as up front week. new schedules are announced, new programs showcased. advertisers start placing their business. we all love our favorite tv shows, but is this a good opportunity for you to invest in the companies that actually show the shows? here is matt mccall, the