Stocks Rising, S&P 500 Ekes Out Another High, Changing Up the Dow, Exclusive Reporting on Palantir’s Anticipated S-1, Big Earnings Movers

Carl Quintanilla, Jim Cramer & David Faber discuss the pop in stocks, as the S&P 500 ekes out another record high. The U.S. and Chinese trade officials reaffirming their commitment to the Phase 1 trade deal. Plus, changes are coming to the DOW as Exxon Mobil, Pfizer and Raytheon Technologies will be removed, while Salesforce,com, Amgen and Honeywell will be added. The changes will take effect on August 31st. Plus, David’s reporting on Palantir’s expected S-1. According to his sources, they’re targeting listing on September 24th. And a Faber Report, as David digs through the Tiffany & LVMH deal, getting pushed until November 24th. According to his sources, LVMH’s Arnault still seeking price cut in the Tiffany deal. The “Squawk on the Street” team digs through the movers of the morning, including earnings from Best Buy & J.M. Smucker.