SECOND UPDATE: 11:55am EST: Crazy yes. But I am hearing June Squibb, the 78 year old actress who stars with Bruce Dern in “Nebraska” is in the mix strongly for Best Actress at Cannes. Is it possible? If so, it’s rockin’ news. Squibb appeared Jack Nicholson’s wife in Alexander Payne’s “About Schmidt” in 2002. She hadn’t worked much until then, but has been busy ever since. She’s lovely in “Nebraska.” The drama continues…

UPDATE: Joel and Ethan Coen’s “Inside Llewyn Davis” is winning something. Lead actor Oscar Isaac is flying back to Cannes right now from another stop in Europe. Also Alexander Payne’s “Nebraska” is being talked about.

Keep refreshing for updates: It’s around 2:30pm in Cannes, and everyone is waiting for word from the Cannes jury about the award winners for the Palme D’Or. It’s a little like watching for smoke from the popes. The word this afternoon is that Michael Douglas has been told he did not win Best Actor for playing Liberace in “Behind the Candelabra.” The movie debuts tonight on HBO. Both Douglas and Matt Damon are superb in the Steven Soderbergh film. They will definitely be getting Emmy awards and Golden Globes. It’s s ahame the jurors didn’t choose him. Don’t miss this premiere tonight on HBO.

So: who will get Best Actor? Bruce Dern could nail it for “Nebraska” or Oscar Isaac for “Inside Llewyn Davis” if the jury wants an American. Otherwise, there are several solid choices among the non Americans including Matthieu Amalric in “Venus in Fur” and “Jimmy P.” The latter was a terribly uninteresting movie, but Amalric is a popular choice.

One movie that is probably getting some kind of award: “The Past” (“Le Passe”), an Iranian film directed by Asghar Farhadi. that had a lot of support. Star Berenice Bejo has been asked to come back to Cannes from Paris, according to my sources. Either the film or Bejo could be winners. Bejo, of course, starred in  “The Artist” and is married to that film’s director, Michel Hazanvicius.

Remember Dominique Strauss-Kahn? Aka DSK was alleged to have raped a New York hotel maid in 2011. The French politician and head of the IMF and his wealthy wife Anne Sinclair stayed in Tribeca and became a cause celebre. Eventually they returned to France and separated. In the last couple of months, director Abel Ferrara shot a movie about them starring Gerard Depardieu and Jacqueline Bisset.

So: DSK turned up on the red carpet in Cannes on Saturday night with his new girlfriend. The movie was Jim Jarmusch’s vampire flick, “Only Lovers Left Alive.” DSK and Myriam L’Aouffi, 45, who’s in public relations for French television, did the whole number. My friends still in Cannes say they created quite a buzz, and not in a good way.

DSK and Sinclair are not divorced, as far as anyone knows. And one of his former girlfriends is publishing a book about DSK. He’s the Anthony Weiner of France in that his story is not disappearing. Waltzing up the red carpet in front of press from a hundred countries doesn’t help either.

Tom Cruise is out of “The Man from UNCLE,” which is good news since he was entirely miscast as Napoleon Solo. But more pressing news for Cruise is that his latest, “Oblivion,” shows a trend for the man who rules “Mission Impossible.’

“Oblivion” will not make $100 million in the United States, even though it had a strong start when it opened. Right now “Oblivion” is at $86.5 million. This past week it fell into a decline from which it will not recover. The action thriller from Joseph Kosinski will tail off before $90 mil is reached.

Cruise is pretty much confined now to Mission Impossible as safety franchise. His non branded  movies– “Reacher,” “Valkyrie,” “Knight and Day” — have averaged around $75-$80 million. That’s a lot of money for some movies. But let’s not forget– Cruise films cost a fortune starting with his salary and perks.

Where Cruise is a hit still is abroad. “Oblivion” had made all its real money in South Korea, Russia, Australia and elsewhere. This is why Cruise’s movies open first around the world before they come here. And why he now limits his press in the U.S. after doing marathon photo calls at foreign locales.

Meantime, Paramount made a big deal of announcing that Cruise would be back for “Mission Impossible 5.” But so far there’s no word on Jeremy Renner, who energized ‘MI4″ and was supposed to be the heir apparent in that series.

This year’s Cannes Film Festival–from which I have now escaped–has been full of jewelry heists. And they are much publicized. First Chopard announced they’d lost a million dollars worth of baubles from a safe in a off the path hotel. Then De Grisogono, not to be left out, said they’d had a $2.6 million necklace stolen from them.

Are these people serious?

First of all, twice I asked Chopard’s much loved chief, Caroline Scheufle, if there had been any news of the jewels since the theft — in which a safe was allegedly cut of out of a hotel room and removed in whole–had occurred earlier in the week.

She said, each time: “We have plenty of insurance. It’s great publicity. It’s no big deal.”

And that’s true. A million dollars to Chopard is walking around money. And Caroline did say, “Everyone knows Chopard now.”

But then: De Griosogno, run by Caroline’s ex husband Fawaz Gruosi, had their theft on Wednesday night during their big soiree at the Eden Roc in the Hotel du Cap. Both Sharon Stone and Leonardo DiCaprio were in attendance. Somehow, with locks, alarms and security teams, someone knocked off a $2.6 mil diamond necklace.

What’s going on here? Chopard – the jewelry company that rules Cannes– may have felt that they were being overshadowed. Tiffany and Co, came in as a sponsor of all things Great Gatsby for opening night. They’d never done that before. The Chopard response to the burglary was bizarre enough to get Croisette tongues wagging. Cannes Film Festival is all about p.r. and hype.

And De Grisogono? Schuefle married Gruosi in 1985. In 1993 he started De Grisogono. Shortly after establishing that brand, the couple divorced. They are now rivals on the Croisette for attention, although Chopard is much better known. It’s not a shock that De Grisogono jumped on the burglary bandwagon.

Will these crimes ever be solved? Doubtful. Cannes has always been subject to crime. A few years ago, producer Graham King was burgled at the Hotel du Cap. It happens. Thieves follow drivers and expensive cars from the airport to hotels, and size them up.

The surprise hit of Cannes? Robert Redford is so terrific in a “silent” film here that he could easily win the Best Actor award. “All Is Lost” is directed by JC Chandor. There is no dialogue. Redford plays a man who’s been sailing a modest sailboat through what we learn is the Indian Ocean. When the film begins he awakens to find he’s drifted into no man’s land, and his boat has a gaping hole. Water is pouring in.

What takes place next may sound not so interesting. But the film is eloquent, poetic and full of action. The action– plus the stunts, all done by Redford, 76– makes “All Is Lost’ far from boring. It might be the most exciting action film of the year.

I fell in love with this movie this morning as did most reviewers. From the start you know it’s good– and that serious, tragic things are happening to the man played by Redford. He has no name. You just know that he’s a proficient sailor in very good shape, athletic, and quick to come up with solutions. He isn’t “McGyver” though. This is a story of man against relentless nature.

What is his backstory? My guess is that our Man lost his wife, retired and his named his boat after his Virginia Jean. He’s a loner. He may have been a fireman or a cop. He isn’t wealthy. I think he sold his house and bought this boat, but he’s been sailing all his life.

Chandor does a masterful job putting one obstacle after another in front of Redford. I’m sure there’s a lot of skillful editing. But actor and director work together to make magic. It’s a total surpise. For weeks everyone thought this would be “Cast Away” without Wilson the soccer ball. Instead, it’s a meditation and an instruction in living. Redford is superb, and is headed possibly to a Best Actor nomination (if not win) from many awards groups including the Academy. Chandor deserves many kudos.

UPDATE: The movie and Redford got enormous cheers and lots of applause. a real 10 minute standing ovation in the Palais last night. Leonardo DiCaprio’s mother, sitting behind me, loved it. The party afterward, on a moored for rent boat in the marina, was kind of a bust– no food and the usual rude publicists. But that didn’t detract from the movie’s success.