. >> for more on this issue, i'm joined by our beijing correspondent, michitaka yamada. roughly how many children in china cannot receive mandatory education? >> well, there are no official government studies, james, but a newspaper affiliated with a communist organization reported in 2011 that more than 2 million children are either unable to attend primary or middle schools or they would quit school all together. now, education in china is free for the first nine years, but families are responsible for buying supplies such as pens and textbooks and sometimes uniforms. on top of that, some rural families have to pay for their children to live in dormitories because their homes are too far away from a school. for people living on low income, that just costs too much. >> china's policy of one child per family is decades old. earlier we saw a family with more than two children. is that common? >> the one-child policy began in 1979 and it's still in effect today. but some couples in rural areas and ethnic minorities are allowed to have a second child. they want to have a so

she said -- yamada, a big obama supporter. you know, when the people live there was a woman president? ish elected me and said, mom, of course there's been a woman president. how was the in that short time. on the of the loan became lawyers to of course there has been a bomb in president. barry hard. a world in which are feminists class, the richer sex or the end of man. we live in a world in which more women than men did college educations for the first time the majority in the workplace in which women are in the majority in managerial positions. it is hard for us to look back. in nablus, you know, even really abstractly understanding that things were different, we don't know -- we cannot really see and feel it exactly. i introduced. when she was in college she had not a single woman professor. i was shocked. i was astonished. i know that life is like that, it was kind of astonishing to me. my first question i was going to ask our two panelists who were. to just describe for a moment one of your experiences when you first rea

check the details with the manager director of yamada research. great to see you. >> thank you. >> let's talk about the dow transports. another all-time high. that would be a good thing for most theorists. >> yes, absolutely. but when the dow joins it and they both make a new high, as they did today, you are in a much better position, in terms of the bull market. >> right. so, walk us through, so, still, you see a buy signal from the dow theory, correct. >> yes, absolutely. >> let's get to the next chart. the s&p 500, we have it from 1998 and we had a couple of tops back then. >> okay. we did. and certainly there's been a lot of question about to whether or not you're going to see a triple top here, but i have to tell you that as we were moving into 2000, we were suggesting structure bear market, you had major tops in the consumers, in thepharmaceuticals, major tops coming into play. in 2007, major tops in the home building and the financials, moving clients out of it. today, you can't really say. that you have some extended names. you don't have

we'll have louise yamada give us her take of where we are on the rally, the nasdaq and the dow, and which catch-up in this bounce higher. >> all right. technicals key to watch. some pointed out the vix not hitting new lows today, even though the s&p is hitting new highs. throwing the close into some question, right? it is not an open and shut case by any means. >> we have broken and maintained the breakthrough on the s&p. 1541, which is quite significant. >> all right. keep a close eye on everything here. if you're just joining us, a heck of a morning. here is what you missed earlier on. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> it was easy to know when qe 1 and qe 2 were going to end. this thing will probably end even though i think qe is going to go on forever, just because all the lobsters are about to get in the pot. >> tenet is begging for more space. wide variety. and that's the real world. and there are -- those people are not saying i should not lease because one day the fed is going to be done and there is going to be all heck to pay.