Change the verb to indicate that it is an activity that is currently in progress using the correct form of Estar in Blank 1 and correct form of action verb in Blank 2. Yo hablo con Miguelito.
Yo estoy hablando con Miguelito. Estar = not done yet, but will be done... vs. Estoy = in the current process of... Hablo = Speak vs. Hablando = Speaking In this sentence we use estoy and hablando because it is current. Hope this helps!~