Yahoo Finance Live co-hosts Brian Sozzi and Julie Hyman preview the top stories investors should pay attention to on Tuesday, March 12, including corporate earnings expected out from retailer Kohl's (KSS), soccer club Manchester United (MANU), and fashion brand Guess (GES); February's Consumer Price Index (CPI) inflation print; and expectations for February's US federal budget deficit.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

BRIAN SOZZI: Time now for What to Watch for Tuesday, March 12. Starting off on the earnings front, Kohl's, Manchester United, and Guess all reporting tomorrow . Kohl's announcing fourth quarter earnings before the opening bell. Tomorrow's report will give a glimpse into how much market share the retailer is likely losing to off-price chains, including TJ Maxx. Shares of the struggling retail chain have already started to slow this year, which is down about-- they are bound down about 3% on the year.

JULIE HYMAN: And moving over to the economy, consumer price index data for the month of February will be released in the morning. Economists expecting little change from January's numbers, but Wall Street is still keeping a close eye as the report provides another key piece of economic data as the Federal Reserve approaches its second FOMC meeting of the year next week.

BRIAN SOZZI: Staying with the economy, the monthly US budget for February is coming out in the afternoon. The deficit likely falling a bit from last month's budget, this coming against the backdrop of President Biden's $7.3 trillion budget proposal for the 2025 fiscal year.

JULIE HYMAN: And, of course, sort of zooming in a little bit more, I mean everybody's going to be watching that CPI report.

BRIAN SOZZI: Yes.

JULIE HYMAN: We've got special coverage, by the way, beginning at 8:30 AM tomorrow morning on that. Why is this print so important? Well, it's so important, of course, because January came in a little hot. A lot of economists stepped back and said, that was a blip, we are not going to continue to see those types of hot inflation prints.

And, indeed, when you look at this number that's what's expected, it's not going to show any kind of reacceleration. At least, that's not what economists are expecting. I'm looking at a report from Bank of America economists who say that the February number that we're going to get tomorrow morning should keep a rate hike for June on the table.