biedermann in lane four putting pressure on.t a world record early this week. >> just got it by .01. >> reporter: spoke today about whether the suit made a difference in his upset win? >> i do think the suits have an effect, they make you faster. there is nothing around. i really hope to get better next year. and i hope i can challenge michael phelps without the suits. >> reporter: the new suits have been called steroids on a hanger. >> we don't know whether these are records or records that will stand or records that will stand. nobody knows. >> reporter: phelps is committed to speedo, the company that paid nce he was a teenager.ents >> a swimsuit is a swimsuit. if you are ever going to compete at a high level and compete consistently it is going to be because of the work you do in training. >> reporter: today swimming's international governing body weighed in, announcing polyurethane suits will be banned next may. late today, bob bowman said the ban on polyurethane suits should be implemented immediately and warned if not inte

biedermann acknowledged his suit gave him an edge. it is a polyurethane that surpassed the speed douo laser. phelps won four olympic gold medals in swimming in montreal. john, good to see. >> you thank you. good to be here. >> you have michael phelps making a comeback, if you will, from what we saw just a day before but the controversy still lingers on the suits, this polyurethane suit. donny and i could put this on and we would still be smoked by any of these men. does the suit really make a difference? >> clearly it does. the athletes who win say the athleac suit is responsible for their success. by his own definition, his own admission he hopes next year to be able to beat phelps without the suit. so he's saying the suit is responsible for the win. >> what does this suit do? the polyurethane suit? >> in this particular instance, the polyurethane, there's a flotation device. so swimmers swim high on the water. they're not pushing through the water, they're riding on top of the water. the suit constricts the body so there's less surf

charles biedermann -- believe it or not, bond funds still getting in flows. it may have been starting to reverse in the last few weeks, but look at the numbers here to date. stock funds year-to-date until the end of june are exceeding outflows. can you believe it? still for the six months of the year, first six months, those bond closes are getting $113 billion in in-flows still. trish, the question is, when is this going to reverse? >> hang on. what is this telling us here? this is telling us that people are still reluctant about this market. and yet what you tend to see is the masses follow, though. so in other words, all these individual invest tors, unfortunately, are likely going to be late to the party. >> retail investors have been reluctant to put money into the stock market. they are continuing to put money in the bond market. i talked to charles biedermann, and there are people who track these on a regular basis. this week, we're going to see great inflows into the stock market and probably some outflows from the bond market, but it's not going to r

biedermann, the winner himself, says his victory was due in large part to what he was wearing, a 2009el, 100% polyurethane suit made by urena. the swimming governing body announced the suit will be banned but not until next spring. which will give the swimming world a chance to shell out for cheater suits for about six months to beat mr. phelps and then probably back to world domination. have discovered how easy it is to use legalzoom for important legal documents. at legalzoom, we'll help you incorporate your business, file a patent, make a will and more. you can complete our online questions in minutes. then we'll prepare your legal documents and deliver them directly to you. so start your business, protect your family, launch your dreams. at legalzoom.com we put the law on your side. whether you consider it a cruiser or a clunker, you could turn it into cash. get to your dodge, chrysler, and jeep dealer, and get up to double the government's cash for your old car. now get up to $4,500 for your old car... plus, up to an additional $4,500 cash allowance. no turn-in? no problem. your

biedermann not only beat phelps, but smashed his record.of this will be a moot point or a moot point -- all high-tech swim suits will be banned in 2010. fell himself is happy about that. >>> shaquille o'neal turned away at the white house, according to his twitter page. the big man was in d.c. and tweeted he was planning on stopping by white house and that he was a little outraged over being turned away. >> you can't just stop by! >> shaq, i'm sorry, you're not quite important enough to just show up at the white house and say, auto, can barack obama come out and play? >> i don't know if anyone can just show up at the white house. >> maybe oprah could just stop by. >>> speaking of tweeter, the winningest coach, 81-year-old joe paterno of penn state, not a fan. >> you guys call them twiddle-do, twiddle-de, i haven't the slightest idea what you're looking at. send me a love letter, will you? >> send me what? >> a love letter. he speaks for a lot of my relatives. and lastly, we have an amazing catch from a fan. carlos ruiz files this off, and t

. >> the day after being upset by paul biedermann in the 200-meter freestyle michael phelps is on a missionto break records break being his own record in the 200-meter butterfly. the win marks his 34th career world record surpassing mark spitz for the most all-time. he is back on track i would say. suit or no suit. wait. he was wearing a suit but not the controversial suit. >> getting a little riske. >> it the next half hour of "11 news today" -- >> mayor dixon reindicted by a grand jury. at 5:30 the new charges she faces. >> two weeks after the controversial arrest in massachusetts president obama invites the two men at the center of it to the white house for beer. i will have the story coming up. >> stormy yesterday, hot today. i have the full details in the >> good morning, welcome back it "11 news today." i'm stan ov

. >> one day after being upset by germany's paul biedermann, michael phelps was back in the pool on a mission at the world swimming championships in rome breaking his own world record in the 200-meter butterfly. he set a new mark with his 34th career world record surpassing mark spitz for the most all time. >> one of baseball as most enduring and familiar voices has announced his retirement. >> little roller up along firps, behind the bag. it gets through buckner. here comes knight and the mets win it. >> he called some of baof baseb most memorable baseball games. vin scully says he will retire at the end of the 2010 season. the 81-year-old has had a long and storied career having been the voice of the dodgers ever since 1950 when they were still playing in brooklyn and he was the voice of the l.a. lakers for decades as well. >> quite a run. >> one of the best in the business. >> 6:20, 69 degrees. another check of weather and traffic straight ahead. after a long and windy chase police are responding to discover behind the wheel. the pint sized thief decided to go on a joy ride. >> don

he finished second to germany's paul biedermann in the 200-meter freestyle. his coach is threatening to pull him out until a ban on the high-tech suits takes effect next year. >>> dave price is out this morning. our friend lonnie quinn is here with us. >> have you been enjoying our cooler than average summer? >> until yesterday. >> the mugginess was back. it will be back today. you'll combine that mugginess with a cold front through the i entire eastern halftime united states. severe weather in the two spots. elsewhere, looking pretty good on the west coast. blisteri >>> all right. that was your latest weather. guys, over to you. >> thank you. >>> still to come, really good news about the battered housing market. we'll tell you what it means for buyers and sellers. >>> also ahead, a new warning for the millions who use tanning beds. we'll tell you why cancer experts now believe they can be as deadly as tobacco or asbestos. >>> suds and surf. the president pours a cold one for the professor and the policeman. he plans to take his family on an exotic island vac

he did it the day after being upset by germany's paul biedermann in the 200 meter free style at the worldwimming championships in rome. phelps set a world record in the 200 meter butterfly with a time of there he touches 1:51.51. that tops his record at the beijing olympics. and for good measure, follow fell hims also surpassed another accomplishment with the 34th world record of his career. >>> the swine flu vaccine won't be ready until later this fall and there won't be enough for everyone at first. that's why the centers for disease control has a priority list. preg nept women will be the first in line. also on the list, infants, adults with high risk complains and young adults 19 to 24. montgomery county schools bath to provide vaccines to all of their students. there are more than 137,000 students in kindergarten through 12th grade. they'll begin disbursing them right after school begins. the swine flu vaccine will be available likely in october or november. they'll be offered for free but not mandatory. >>> a push for awareness about a debilitating disease. there will be a hearing a

phelps was edged out by germany's paul biedermann, who broke a world record competing in a controversial high-tech swimsuit. i guess, wolf, phelps decided to turn that stunning anger into victory. payback time. >> congratulations to a world champ. what can we say? >> he's used to winning. >> he's amazing. >>> some say national political ambition. we're talking about the louisiana governor bobby jindal. what problems does he have with the president's health care and economic plan? the republican governor of louisiana is here in "the situation room." >>> and back to health care reform. should president obama turn to the president who couldn't? one writer urging the president to call on bill clinton. our strategists getting ready to debate the wisdom. ( car door closes ) ooooch! hot seat! hot! hot! hot! time to check your air conditioning? come to meineke now and get a free ac system check. at meineke, you're always the driver. >>> to our viewers, you're in "the situation room." happening now, she made the 911 call that led to the arrest of the harvard professor henry louis gates. for the f