Fox Nation added “Yeah, we know” to their title. Heh. The following exchange occurs at about 3:42 in the video.
JAY LENO: When you help your daughters with their homework, is there a subject you struggle with?
PRESIDENT OBAMA: Well, the math stuff I was fine with up until 7th grade. But Malia is now a freshman in High School and I’m pretty lost. It’s tough. Fortunately, they are great students on their own. And if something doesn’t work I’ll call over to the Department of Energy to see if they have a physicist to come over!
He also declared that there will be “candy for everybody” at the White House, because it’s an election year.
Update: Linked by Expose the Media – thanks!