You should add your progress to the agenda before the meeting (just a bullet point), which will help you remember what to talk about during your 2 minutes.
Be prepared to give a quick update on your progress: what you've completed, any issues, what you're planning to do next week.
Be sure to keep up with your Project Log.
Be sure you're reading any of my feedback in D2L and checking to be sure you keep up with turning things in there for our hard deadlines.