Carmen: Esto es para ti.  

                          :esuto esu para ti                     

Carlos: Muchas gracias.

                  :mucasu gurashiasu                 

Carmen : De nada.

                    :de nada
- Translation with the original

Carmen:   This is for you (present). 
Carlos:   Thank you, very much.

Carmen:   You're welcome. 

-------
Don't know what Carlos got from Carmen, but nice to get some present from woman.

Carlos: Te quiero mucho.

                    Te　kiero mucho    

Carmen: Yo tambien. Pero, necesitamos tiempo.

                      yo tanbien pero neseshitamosu tienpo  

Ouch!!, Caros confess to Carmen, but he's got shot down.

Yeah, I heard this many, many times from bunch of different girl. but Its ok, there is another woman and I made it through.

Although, It took me a bottle of tequila, and tears....., yeah, right!! find another woman!!! Next!!!!

- Explanation

Te "You"   Quiero "want . "(one person and singular of "querer") mucho "Very"
----I want you very much----

Yo =" I am " Tambien = " too", "also"   Pero="but" "Though " 

Necesitamos =It is necessary. "  (one person and plurals of necesitar)   

Tiempo= "Time"

 -----me too, but we need to give time"