| Good morning. Biden vows revenge, Cook set for payday, Barnier eyes comeback and traders await Powell. Here's what's moving markets. At least 13 U.S. service members and 60 Afghans were killed in two bombings around Kabul airport amid frantic evacuation efforts. "We will hunt you down and make you pay," U.S. President Joe Biden vowed, blaming an offshoot of Islamic State for the attacks. The suicide bombings drew fresh criticism of Biden from lawmakers and allies over the American withdrawal from Afghanistan and the failure to forecast the nation's rapid fall to the Taliban. Apple boss Tim Cook is about to pick up shares valued at about $750 million — the final tranche of a pay deal he received after he took the top job a decade ago. On Cook's watch, the iPhone-maker's revenue has more than doubled and its shares returned more than 1,100%, pushing its market value above $2 trillion. The 60-year old currently has a net worth of about $1.5 billion. Michel Barnier, the European Union's former Brexit negotiator, will seek to represent the French Republican party in the country's upcoming presidential election. The 70-year-old former foreign affairs and agriculture minister might be a familiar face to some, but remains unknown to many in France, and particularly those outside the Brussels bubble. Here's a reminder of some of the other candidates posing a threat to Emmanuel Macron. Peloton Interactive slumped in late U.S. trading after the fitness company warned that a price cut would hurt its bottom line and that it found a problem with the way it accounts for inventory. The shares fell as much as 15% before trimming the loss by more than half. The price slash will lower the cost of Peloton's most popular bike by $400 to $1,495, part of a bid to make the upscale product more mainstream. European stocks look set for a flat open as traders await more clues on Federal Reserve policy from the Jackson Hole symposium, including keenly-awaited remarks from Chair Jerome Powell. Here's the agenda for the event. Meanwhile, people familiar say Biden's advisers are considering recommending Powell for a second term. Traders may also watch for U.S. personal income and spending data for July. The earnings slate is light. This is what's caught our eye over the past 24 hours. There's a mental exercise where a person is told not to think of a red seven or a pink elephant, then spends the next few days repeatedly thinking about the oddly-colored object. This week, I've been trying, and failing, to not think about Jackson Hole. The difficulty for investors is that faced with a binary, unpredictable outcome, the tendency is to avoid risk. But fixating on uncertain events comes at a cost. An investor who closed a S&P 500 position on the day before every Fed decision and jobs report, then reopened it the next day, would have seen a 29% underperformance since 2015 compared to if they had done nothing. Among behavioral economists, loss aversion is perhaps the most studied way real-world investors deviate from the theoretical and rational ones seen in economic textbooks. It's an anomaly that's attracted such Nobel laureates as Daniel Kahneman and Richard Thaler. Yet the knowledge that I should not fixate on event risk and that I cannot predict the outcome has done nothing to calm my nerves. See you on the other side.  Eddie van der Walt is a Markets Live reporter and editor for Bloomberg News in London. @EdVanDerWalt Like Bloomberg's Five Things? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. | 
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