As previously reported, Jay-Z was busy Thursday night hosting a charity carnival along the Hudson River in Manhattan. But he did take the time out to discuss a few other things, including his baby with Beyoncé, his feelings on President Obama and more.

"I'm excited! I think that is pretty easy," Hov told E! Online about Bey's pregnancy.

Jay also praised Obama, despite his recent political setbacks. "I still think he is the best man for the job," he said. "Yes, I think he got a raw deal and a bad economy. You wouldn't be given anything you can't handle so he must be really special, because he has a lot of work to do!"

But Mr. Carter also stayed on topic, discussing his charity work at the carnival, which aimed to raise funds for his foundation: "Someone emailed me this morning and said, 'Some people climb the ladder and grab the ladder. And some people pull more people up the ladder and you are a person who pulls more people up the ladder.' I was very humbled by that.”