Instant Index: Velveeta Shortage Should Be Fixed in Time For the Super Bowl

Diane Sawyer reveals the stories people have been buzzing about this week.
3:00 | 01/07/14

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Transcript for Instant Index: Velveeta Shortage Should Be Fixed in Time For the Super Bowl
Our "instant index" begins with a dream interrupted tonight for olympic skier lindsey vonn, who crashed and damaged her knee in that awful accident last year. She was expected to be america's biggest star at the sochi olympics next month. But today she broke the news. Tweeting, quote, I am devastated to announce I will not be able to compete in sochi. She said her right knee is just still too unstable to try it. And he grew up with melted velveeta for your chips, a yellow alert for all of us tonight. Some grocery stores are alerting they are cleaned out. And velveeta says there's a shortage. They're trying to fix it in the next few weeks. But look at the calendar, velveeta in high demand during football season. And the super bowl is approaching. One fan tweeted. Between that and the weather, are these the end times? And an unexpected side-effect of the arctic blast here at home. Celebration for some american daredevils. The storm here, combined with a 110-mile-per-hour winds in europe is causing epic waves across the pond in spain. What experts call an atlantic code red. It means the waves -- take a look at them here -- as big as 50, even 60 feet tall. And some truly brave elite surfers, americans among them, descended on it. Hanging ten or hanging on for dear life.

This transcript has been automatically generated and may not be 100% accurate.

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