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Detailed text transcripts for TV channel - FOXNEWS - 20120510:09:09:00

the u.s. for more we go to lauren simonetti on fox business network. what does this mean for us? this is unprecedented. the feds u.s. legislator reauthorities are given approval of three chinese banks one of them the industrial commercial banks is the biggest in china to buy some u.s. banks. what it means is perhaps we can have someone dominated in our own accounts. it gives americans more access to market which have been tough to get into at this point. we have sent a huge team of exports to go over to china to look at their operations before they approve this. normally something like this would take two months not more than a year. providing finance to those chinese companies. gasoline prices. people are wondering because we are approaching summertime people take vacations. national average 3.75 down a nickel from a week ago. one of the reasons they are coming down is crude oil prices

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