Day 3 of WDWS

Each day our students will blog about some of their experiences in New York City.  Our entry for Wednesday 1/18/2012 comes from Jai Cheema and Miriam Allred.

Alarm goes off at 8:00am. SNOOZE! Ten minutes later it goes off again, and this time we get up and get ready. Our first visit was to the New York Stock Exchange and in order to get there we had to take the subway.

We get there and waited for our tour guide in a room with a an animated glass wall that flashed different pictures of NYC to random stock prices to a random street in the city itself, pretty hi-tech to say the least. We headed upstairs to hear the first part of the tour from our guide and began a discussion about the NYSE, what it does today, and what it is responsible for when it comes to our country and economy. The cool stuff began when we actually went to the “Garage,” (one of the main trading floors). It was so different than what we would expect, because on TV we see people yelling and screaming and shouting and shoving for certain stock-buys and sells.  It actually was very easy to walk through, it wasn’t noisy, and in fact the traders even had time to speak with us. A trader from Getco told us when he started and how trading as evolved from when he started to what it is today. It was so interesting to hear the progression and regression of it all and how competitive his job was. We asked him what his most successful trading day was and he told us it was $1,000,000! We were completely awestruck to hear that someone made a million dollars in one day. With all that information in our heads we left and headed to the “Bull” and of course did the cliché pictures.

In front of the BullDuring our break we went with Professor Clas Wihlborg and Professor Ayca Altintig to the 9/11 memorial. It was a very beautiful dedication to the lives lost. The fountain was a huge black marble commemoration for the 3,000 that lost their lives. You could also see right next to it how they were already building the two new towers to take the place of the fallen towers. From there we jumped in cabs and headed straight to Chinatown for a meal with Ayca and a few others. We had some dim sum and random dishes at a sit down Chinese restaurant before our next tour. After we ate we headed straight to the Federal Reserve, and once again by cab.  When we got there, no pictures were allowed to be taken, and it was ironic to me because of all the visits I thought this one would provide the best photo opportunities. When we saw the gold vault it was truly a sight to see: 7,000 tons of gold just sitting there shining and belonging to central banks of other countries. The first tour guide was pretty smart and informative. He walked us to different parts of the building and gave basic lessons about the Fed and its duties and position on policies. However, later on we visited another tour guide and it’s safe to say that it was rather dull. After a long session with the second tour guide we were free for the night. Knowing we had to be up earlier than ever tomorrow,  it was time for a night of rest. So, after a long subway ride back to uptown, I got back into my room and relaxed a little before I decided to get some quick Chipotle for dinner and decide to call it a night.

SNOOZE!

-Jai

Today was fun fun fun. We got up and went to the New York Stock Exchange. I loved it! It was exciting and fast paced and just everything I expected it to be. John was the Designated Market Maker (DMM) that spoke to us. He was nice and very interesting. We were standing behind the Bloomberg newscaster so we got to be in TV. I wore a bright pink sweater so I was very easy to pick out.  Next we went to the Fed. It was interesting. We got to see the Gold bars in the basement. The vault was huge and only accounted for a portion of the Gold that is kept there.

Miriam

NYSE Floor
I met up with a friend that is here in New York. We went out to dinner. It was the first time I got to explore New York by myself. It was freezing! I liked being on my own. I liked being able to walk at my own pace and explore without regard to anyone else. But that feeling didn’t last long – I ended up meeting up with people from class, and we all went out for dessert.  Yum!

– Miriam

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Day 2 of WDWS

Each day our students will blog about some of their experiences in New York City.  Our second entry for Tuesday, 1/17/2012 comes from Darren Smith, Thomas Haggerty, Ben Plotke, & Alex Pirro.

 

bloomberg badge
Today we met up at around 7:30am to walk over to Bloomberg’s New York headquarters, which were just a few blocks away from where we’re staying.  Our tour guide began by explaining the transparent culture at Bloomberg, and pointed out that there were very few solid walls.  Most walls were glass, so anyone could see in as they passed by.  The first floor we visited was known as a “hub” floor, where all employees have to pass through to access the two floors above or below.  The hub floor also houses a cafeteria and a news set where some of the Bloomberg News anchors film their segments.  From there, we went down only one of three spiral escalators in the United States to the floor below and ended up right in front of where Charlie Rose films his talk show.  This floor housed all of the buy side analysts who work in teams and manage all clients east of Chicago, as well as over two hundred help desk support staff.  It was very interesting to see the people we interact with when we push the help button on the Bloomberg terminal.  The tour guide explained how the support staff helps us sort through some of the 30,000 functions that the terminal offers to find just the right ones to help accomplish what we need.Outside NBC Studios


Outside 30 Rockefeller CenterAfter leaving Bloomberg, we went back up to the hotel to change into street clothes and then headed down to Canal Street, which is famous for its “it looks real” merchandise.  Some members of our group were able to “legally” purchase some Louis Vuitton knock-offs.  It is quite the experience to have people walk up to you and ask if you want a watch or a purse and then list all of the designer bags that they have to offer.  We took the subway home only to find we had gotten off a stop too early, but it worked to our advantage.  While walking to “Rays Pizza”(recommended by a fellow student) for lunch, we stumbled upon Rockefeller center where several people were ice-skating.  Coming from California, an outdoor ice rink is quite the rarity.

The View from the Top

From there, we met back at the hotel and got ready again to go to Bernstein Wealth Management, regarded as one of the best research firms for financial information.  We went through security screening and continued up the elevator to the 47th floor, for many of us the tallest floor we had ever stood on.  The view of central park from the conference room we were lead into was amazing.  We met with Jim, a managing director, who laid out the groundwork for the company’s history, operations, as well as his career with the firm.  Afterwards, Chris Lee and Chris Filley, two Chapman alums who currently works at Bernstein, fielded a Q & A session which proved to be very informative.   We departed from Bernstein and returned to the hotel to relax and rest up, as it was the eve of the 21st birthday of one of our class members.  We went to the Japanese restaurant Kumo for sushi and cocktails.  We called it an early night, since we would be going to the NYSE at 10am the next morning.  Our first day of touring went well, and the class especially enjoyed the visit to AllianceBernstein.

– Darren, Thomas, Ben & Alex

Day 1 of WDWS 2012

Each day our students will blog about some of their experiences in New York City.  Our first entry comes from Ryan Robinson, Matt Feldman, Harrison Maizels, and Alex Yu.

This morning we got up around 10:00am and headed down to the World Trade Center Memorial to meet up with Matt’s dad, Jeff, for the afternoon, so we hopped on the E Train with our 7-Day Subway passes.  Once we got out of the (very complicated) subway we headed in to the deli called Stage Door and got the local favorite, hot Corned-beef on rye bread (amazing).  We had some time to kill before our 2:00pm tickets at the WTC Memorial so we wandered around the Financial District and stumbled upon the last few stragglers of the #Occupy Movement in Zuccotti Park near Wall Street. Posing with a protestorAfter noticing there were only a few people protesting we asked some of the cops why there weren’t more protesters out there & we learned that just last week they’d all been kicked out for camping in the park for too long, and now they can only protest during the day at the park.  We started heading towards Wall Street to check out the NYSE, the Fed Building, Trump Towers and some of the shops in the area & it was pretty empty since it was a holiday so we went into Tiffany & Co. to see all of the jewelry we couldn’t afford (haha).  Next, we started our pursuit to find a public restroom which led us all the way to the World Financial Center and by then it was time to head into the World Trade Center Memorial where we met up with another group of guys from #WDWS12.

Visiting the site of Ground Zero was a very humbling experience and was the first time visiting the memorial for us all.  At the site of the foundations of where the two towers, there are now two of the largest man-made freestanding waterfalls in the world.

At the WTC MemorialFrom the WTC Memorial we went across the street to grab a drink at @BLTBarGrill with our big group to relax for a bit & watch the Nets & Clippers game.

At the BLT Barr and GrillNext stop of the evening was Starbucks & then we hopped back on the Subway to head back uptown to 81st for a stop into the Museum of Natural History where we watched the Big Bang movie about the formation of the Universe.  From there, we went upstairs to check out the Dinosaur exhibits where we found this little guy… the Bro King of the Jurassic times.  By the time we were done at the museum, it was already 7:00pm so we decided to call it a day and head back to the hotel to get some dinner & much needed rest for our first day of corporate visits tomorrow!

Jurassic Dinosaur Skeleton– Ryan, Matt and Harrison

I got up around 8 in the morning and headed toward Planet Hollywood to get my City Pass and breakfast.  After Breakfast, I hiked my way toward Empire State Building. I have to admit, I had trouble finding my bearings in New York so I did spend more time asking for direction than pretty much anything else. After about twenty minutes, I finally found Empire State Building.  Although the weather wasn’t viewing friendly but the view remained excellent.

Alex and the Statue of Liberty
After trekking to the Empire State Building, I wanted to visit Statue of Liberty.  I decided to take the subway instead of taking a taxi. It wasn’t my first time taking the subway,but it was my first time taking it in New York. Once again, it took me a while to find my bearing but eventually, I arrived at the pier. I must say, the view on the ferry to Lady Liberty was spectacular. On one end you get to see Liberty herself, and on the other end it’s New York Skyline. Overall, the trip was wonderful and eventful. I’m enjoying everything New York has to offer: the view, the weather, and its nightlife.


-Alex Yu