renee hernandez is covering president obama and the summit of the americas in panama city. ood afternoon. the big story from the summit of the americas in panama is the u.s.-cuba relationss and president obama's expected interaction with ronald castro. the president has arrived in panama city from jamaica. he will begin his activities this afternoon by joining the presidents of brazil, mexico and panama to talk investment opportunities in the region. on the diplomatic front, there are reports that president obama is close to a decision on whether to remove cuba from the list of sponsors of terrorism. an announcement about the opening of each -- the other big story here, the president of venezuela will use the summit to criticize the policy of the united states. mark: renee hernandez in panama city covering the settlement of the americas. -- summit of the americas. up next, encore, your guide to the biggest newsmakers of the week on "bottom line." ♪ mark: coming up, scarlet fu has the friday edition of "off the charts." highlights of peter cook's interview with the former u.s

mark: rene hernandez reporting from panama city. be back with us tomorrow for another report from the summit of the americas. coming up, oil gets a boost from iranian president hassan rouhani's remarks on the pending nuclear deal. we will have the details. alix steel will join me when "bottom line" continues in a moment. ♪ mark: the past couple of weeks thousands of high school seniors got the dreaded rejection letters from their dream of ivy league schools. this year, the rejection rate was worse. admissions to ivy league universities are at record lows. at harvard, only five out of 100 applicants got in. our higher education reporter janet lord is with me now. why do student still apply? to the schools >> a couple of reasons. these competitive schools offer extreme a generous financial aid. in recent years, the advent of the common application has made it much easier to apply online. i remember 25 years ago, typing essays not just just not the case anymore. colleges are encouraging kids to apply. as we talked about before, they se

rene hernandez is covering the summit for us.l speak to ted cohen of brookings about what is at stake as the regional leaders meet. back to you. cory: thank you. coming up, the secret sauce behind dreaming music -- streaming music. ♪ cory: i'm cory johnson. this is "bloomberg west." spotify, serious, milk music, they are all streaming music, but streaming the music themselves is up to a service that delivers them from the cloud. phil good to see you. i'm so fascinated by your business. we met in las vegas last year. how do you describe what you do? >> thank you for having me back. we spend the last eight or nine years going all over the world ingesting high resolution audio from all of the music libraries, over 200 countries, bring them into the cloud and preparing for this moment right now where we can work the world's first music cloud. cory: so everything you do is awesome? >> 25 years ago, when i started writing software for rolls-royce , the way we used to approach software that is you select a database from oracle or micros

rene marsh, thank you so much. >>> when we come back the aaron hernandez murder trial drags on.jury is continuing to deliberate. could a decision come today? we will go to the courthouse next. >>> plus tonight's the night. if you plan to order an apple watch, apple is already saying they expect the device to sell out, so how can you guarantee you will get one if you want one? that's ahead. i care deeply about the gulf. i grew up in louisiana. i went to school here. i've been with bp ever since. today, i lead a team that sets our global safety standards. after the spill we made two commitments. to help the gulf recover and become a safer company. we've worked hard to honor both. bp has spent nearly 28 billion dollars so far to help the gulf economy and environment. and five years of research shows that the gulf is coming back faster than predicted. we've toughened safety standards too. including enhanced training... and 24/7 on shore monitoring of our wells drilling in the gulf. and everyone has the power to stop a job at any time if they consider it unsafe. what happened here fi

rene marsh, thanks so much. bold being an understatement. appreciate it. >>> and from football star to convicted murderer. former new england patriot aaron hernandez will spend life in prison. but his time in court not over by a long short. more trials ahead. another one for murder. hernandez is accused of killing two men and wounding another near a boston nightclub july of 2012. that's in addition to numerous civil suits. keep in mind the jurors who convicted hernandez yesterday in odin lloyd's death had no knowledge that hernandez was facing these other trials. >> keep your mind suspended. for me and i know a lot of other people did, we went in there every day with open minds. we listened to the evidence. we heard what they had to say. we got to go into a room and look and see and feel and touch all the evidence. i think we can all stand here and say we made the right decision. >> hernandez new life is a jarring turnaround from 2012. three years ago he had a $40 million contract with the new england patriots. the wages in prison where he sits now, well when he works he's going to receive a mere $0.50 an hour. adding to the irony, the maximum sec