this is loomis fargo & company.d car facility houses millions of dollars, and right now, just one employee, vault supervisor, david ghantt. >> david started working at the loomis fargo in 1994 and the job immediately put him into very close contact with massive amounts of money. he would be putting it into trucks, taking it out of trucks. he'd be delivering it to banks. there was no aspect of money handling that he was not part of. >> at the end of the workday, a company trainee leaves, while ghantt stays behind. his wife is expecting him for dinner, but he calls and tells her he will be home late. left alone with millions of dollars in cash, ghantt is trying to work up the nerve to follow through with a plan that will forever change his life. each day, area banks transfer funds to other banks through here. the loomis fargo & company's armored cars act as a conduit for the currency. sometimes millions at a time. >> you'd have vans pulling up all day and dropping money off, taking money back to go to banks. these wer

is what we have seen in the last few weeks an opportunity for the loomis fund, or are you and dan fussesks? >> we are not under the desks. we are always looking for opportunities. security selection is very critical in these types of markets. credit seen a backup in spreads, and when i'm structuring a portfolio right now, we are trying to minimize interest rates. we do think there is a secular rise in rates coming and we are being prepared for that now, so we are working to pick up carry in other markets. i think we still have a green light to invest in the corporate credit market, for example, but you have got to be very careful. >> nicely said, matt. i think of the way dan fuss and you have bet on ontario, bet on new zealand, the other big strategic bets you have made. under you do not want to comment directly on. bill gross . will you please a slain what unconstrained means? -- will you please explain what unconstrained means? >> unconstrained means you have flexibility. if you think of traditional fixed income, like a core or core plus fund, they are tethered to traditional benchma

loomis. you are a patriot. you and all the other world war ii vets still alive, i salute you. of the cdc speaking to megyn kelly in just a few moments. as you may know i've called for dr. tom frieden to resign because i do not believe he's been candid with the american people over ebola. i believe he's a spinner. it's obvious he's running from the factor. but we are happy the doctor's going to talk with ms. megyn. everybody should watch and please health me know what you think of the doctor's performance. i know megyn's going to hammer him. not in a bad way like ame. in a nice way. factor tip of the day, check out the kelly file. and that is it for us tonight. please check out the fox news factor website which is different than bill o'reilly.com. also we'd like you to spout out about the factor anywhere in the world. o'reilly@foxnews.com. name and town, name and town, name and town if you wish to opine. word of the day, do not be sophistic. am i saying it right? i think i am. sophistry, sophistic. word of the day. whoa. what happened here? my the spin stops here came apart, b

we have a vice president and portfolio manager of loomis.ts bond fund is rated four stars by "morningstar." you're the perfect person to have on the show today. of the dan, thankssfor coming on. a top performing bond fund manager. i want to talk about the fed to see what you think they will do. will they extend or end what is called quantitative easing by the pros? what i call goosing the economy, what will happen? >> we, i wish i knew for sure. my before the guess is that qe3 is coming to a formal end. now the aftermath of qe three goes on for a long, long time. i doubt if the fed will say anything at this meeting that would cause, best guesses to change at all. i think it is steady as she goes and rely on data in the future. they are more sensitive to the international scene and to disrupted parts of word and to the level our market and interest rates has on other markets around the world. gerri: so we had some bad news out of europe obviously. the economy not doing so great there. china slowing down as well. talk to me a little bit what y

singing "my way" in dedication to carol loomis. >> who just retired from "fortune." a fantastic journalist. >> one of the greats. >> walter, thank you for being here with us today. appreciate it. congratulations on the new book. >> thank you very much. >> that does it for us today. right now it's time for "squawk on the street." ♪ turn it up ♪ scream it loud >> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with david faber. a number of profit warnings today. container store, samsung, soda stream. first some breaking news from the imf. sarah has details on that. >> international monetary fund lowering its outlook for world economic growth. it now predicts that the world economy will grow 3.3% this year. that is down from 3.4% in july. sharply lower than what had been expected in april. also lowering its growth forecast for 2015. the main reason, according to the international monetary fund, geopolitical risks. they cite risks coming out of the middle east and coming out of the tensions between russia and ukraine. on the up side, the imf

. >> well, the problem, the big, big rob loomis a lot of understanding of who we are. i think what you see in film nowadays as well as television come you don't see a real world represented. because if you did, there was certainly not be more latinos, there would be more asians. i mean, do we ever, ever see asians? very rarely. and when we see them come and they are in a lab somewhere. for some reason, they are casted as being my persons who do blood tests for detectives. so i think how to make people at -- i mean, think about we've done in this country but such bridges. our heritage, our histories are so rich, filled with music and dance, yes, but also filled with the most amazing history that nobody -- nobody seems to know this about us. we are still in the minds of too many entertainers. i remember -- do we have a moment laughter now quite >> a moment. >> i don't know. i'm a latina. [laughter] >> don't take advantage. [laughter] >> impossible, but nevermind. i remember meeting ronald reagan when he was president and i was there with about six or seven@chile successf

the billionaire and paul anka singing "my way" in dedication to carol loomis. >> who just retired fromastic journalist. >> one of the greats. >> walter, thank you for being here with us today. appreciate it. congratulations on the new book. >> thank you very much. >> that does it for us today. right now it's time for "squawk on the street." ♪ turn it up ♪ scream it loud >> good tuesday morning. welcome to "squawk on the street." i'm carl quintanilla with david faber. a number of profit warnings today. container store, samsung, soda stream. first some breaking news from the imf. sarah has details on that. >> international monetary fund lowering its outlook for world economic growth. it now predicts that the world economy will grow 3.3% this

. >> linda loomis, hello. >> i was charmed when you signed my book for me yesterday, and of all the books took back into our hotel room last night, i snuggled up with yours. >> oh, well, thank you. >> and i was charmed at the very end to see the loop because my first train ride was as a brownie -- the precursor to the girl scouts -- riding from bakersfield up there. you've got it all. you've got sumner where former supreme court chief justice earl warren's dad worked for the southern pacific. and so anyhow, the whole intent of that is about high-speed train travel, bullet trains. do you think that first bullet train will be eventually built in california, and secondly, what country on earth is most progressive in terms of building very modern, high-speed rails in. >> very good. thank you. those questions are linked. yes, i am an absolute optimist. california is going to get this darn thing done. it's going to take a long time, probably not until 2035. it's going to cost upwards of $100 billion. it's expensive, but it's going to be an inspiration. it's not going to be a panacea, but it's g