Wall Street Braces for Interest Rate Hike, Blizzard Conditions

The Federal Reserve begins a 2 day meeting this week, where most expect it will raise interest rates. Recent economic data, including Friday's monthly employment report, has caused traders to bet it's a near certainty rates will rise by 1/4 point when decision in announced Wednesday. Israel's Mobileye (MBLY)  stock is soaring on a report in Israel that Intel (INTC) - Get Report  is buying it for $15 billion. Mobileye is a self-driving car company. If the report is true, it would be the biggest acquisition in Israeli high-tech history. The U.S. Northeast is bracing for a potentially historic March blizzard. New York City, Boston and Philadelphia are set up for 1 foot of snow lasting from late Monday through Wednesday morning. High winds are expected and the storm could slow trading as well as the economy in the Northeast.