Lots Of Action On Day Two Of 2008 Olympic Games

The U.S. men's Olympic basketball team put on a show for the president of the United States and as many as a billion people watching on TV with a 101-70 win over host China. President Bush and his family were in the audience to watch the spectacle.

The American squad struggled with jump shots, but made up the difference with reverse slams and tomahawk jams as LeBron James,
Dwyane Wade and company put on a dunk show.

Wade scored 19 points and James had 18 for the Americans. Kobe Bryant finished with 13.

Houston Rockets All-Star center Yao Ming finished with 13 points for China. He thrilled the crowd with the first points of the game when he drilled a 3-pointer from the top of the key.

One down, seven to go. Michael Phelps is wearing Olympic gold after his first medal event. He bettered his own world record in the 400-meter individual medley by more than a full second. His time of 4 minutes, 3.48 seconds was 1.41 seconds faster than his old record.

Hungary's Laszlo Cseh took the silver and American Ryan Lochte won the bronze.

After he realized he had won, Phelps broke into a huge smile and pumped his arms into the air. When he looked in the stands to find
his parents, he saw President Bush waving an American flag and
nodding in his direction. Phelps said it was "pretty cool" to have the President of the United States congratulate him in that way.

The win came in what's considered by some to be his most difficult event. His winning time was more than four-seconds faster than his winning time in the same event four years ago.

Fellow American, 41-year-old Dara Torres, has added the silver medal in the 400-meter freestyle relay to her collection. This is her fifth Olympics and her tenth Olympic medal.

For Larsen Jenson of the U.S., it's a bronze medal in the men's 400-meter freestyle.

Two of the women in the pool didn't live up to expectations. Katie Hoff finished third in the 400 individual medley in a race that saw her world record time bested by Australia's Stephanie Rice. Elizabeth Beisel finished fourth in the race. The 15-year-old American had finished first in qualifying.

In a preliminary heat in the pool, the men's 4x100 meter freestyle relay team set a world record time of 3:12.23 and will go for gold on Monday.

American boxer Demetrius Andrade was a winner in his first bout of the Olympic tournament. Teammate Javier Molina saw his Olympic hopes end quickly and decisively when he was easily beaten 14-1 by Bulgaria's Boris Georgiev. U.S. coach Dan Campbell revealed after the match that Molina was cleared to fight less than 24 hours earlier after doctors discovered a hole in his lung. At age 18 Molina is the youngest American boxer on the team.

James Blake won his opening match in the Olympic tennis tournament, but fellow-American Serena Williams never got through her opening round match because of rain. Williams and her sister Venus won Olympic gold in the doubles in Sydney.

Men's top seed Roger Federer didn't even get to the court for his match as the rain fell.

The U.S. men's volleyball team beat Venezuela in its opener a day after the coach's father-in-law was fatally stabbed at a Beijing tourist site. The American squad defeated Venezuela 25-18, 25-18, 22-25, 21-25, 15-10.

Coach Hugh McCutcheon's father-in-law and mother-in-law were
attacked by Chinese man who then committed suicide. Todd Bachman
was killed in the attack while his wife, Barbara, remains hospitalized in serious condition.

The American beach volleyball duo of Kerri Walsh and Misty May-Treanor began their bid for another gold medal with a decisive victory over a Japanese duo this morning.

The streak is over for Todd Rogers and Phil Dalhausser. The defending world champions and winners of 21 straight international matches lost to a Latvian team that was seeded 23rd in the 24-team field, and must win their next two matches to stay alive in the tournament.

Jake Gibb and Sean Rosenthal won their first match.

The U.S. women's gymnastics team didn't have a good day and is not in a very good position for tomorrow's medal competition. The day began with bad news when Samantha Peszek sprained her left ankle in warm-ups. Her status for the team final is uncertain.

The best showing by the U.S. was turned in by world champ Shawn
Johnson, who drew the only chants of "USA, USA" with her balance
beam routine.

The U.S. men beat host China 8-4 in water polo. It meant a win for former Olympian Terry Schroeder in his Olympic coaching debut.

In their first Olympics appearance since 1996, the Americans dug out of a 2-0 hole and tied Argentina 2-2 in field hockey. Argentina is the world's number-two ranked team.

In sailing, American Zach Railey, ranked only 18th in the world, hauled in first place overall in Finn class, ahead of three-time Olympic medalist Ben Ainslie of Britain.