Liev Schreiber and Naomi Watts by Jamie McCarthy/WireImage.com
Yesterday morning in Los Angeles Naomi Watts gave birth to her and Liev Schreiber's first child, son Alexander Peter. Everyone's doing fine, and the baby is said to have Mom's eyes and Dad's ego.

The couple started dating in 2005 and news of the pregnancy was first announced by Schreiber himself this past February.