Though Ireland has made a career for herself as a model, the actor said little Carmen will probably be heading into showbiz.
"When we went to the Boss Baby premiere in New York, Carmen comes on like this, she's jumping up and down on the red carpet and posing for pictures. She's like Debbie Reynolds. She's performing," he recalled.
"And then our son, Rafa, he comes on, and he's James Franco. He's like smoldering for the camera. Look at him, he's like, 'Please.'"
In between spending time with his kids, Baldwin has been playing Donald Trump this season on Saturday Night Live.
"Last summer I was set to do a movie, and for a variety of reasons, the movie fell apart. But until it fell apart, Lorne [Michaels] was calling me and saying, 'Do you want to play Trump?' and I said, 'I don't want to play Trump. That's the dumbest thing I've ever heard in my life. Nobody wants to be Trump on a show, or play him on a show,'" Baldwin explained to DeGeneres about how he got the gig. "And then the movie kept unraveling, and then finally I picked up the phone and go, 'I'm Trump. Here I come.'"
"No [I haven't spoken to him]! No, [I'm not scared of him]. I really don't think about it. It's so abstract to me," he said. "I can't imagine what it would be like if I met him, if I ran into him. When we did the show, when I hosted SNL this season, we asked him to come, we invited him to come, and were so hopeful he would come, but he didn't show up."