Late-night host Stephen Colbert joked Thursday that President Trump Donald John TrumpBiden leads Trump by 36 points nationally among Latinos: poll Trump dismisses climate change role in fires, says Newsom needs to manage forest better Jimmy Kimmel hits Trump for rallies while hosting Emmy Awards MORE's decision to meet with North Korean leader Kim Jong Un meant that former NBA star Dennis Rodman would receive a Nobel Peace Prize.

In a series of jokes after his monologue, the host reacted to the news as it was coming in that Trump would meet with the North Korean leader to discuss denuclearization.

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“It literally happened while we were doing the show,” Colbert told his audience. “I’m not entirely sure what I’m about to say.”

“Tonight we learned about an official invitation from Kim Jong Un to meet Trump,” he continued. “Wow, this can only mean one thing ... Dennis Rodman is going to get the Nobel Peace Prize.”

Colbert, a frequent critic of the president, also remarked that the meeting between Trump and Kim would allow the two to finally settle an important debate.

“We'll finally figure out who has a bigger button.”

The CBS host also mocked the president over his statement to ABC's John Karl Thursday night, in which the president remarked that "hopefully" the media will give him credit for the meeting with Kim.

“I will happily give you credit,” Colbert responded, adding: “Now, how about bringing peace to your own country first?”

Trump's announcement Thursday night that he would meet with North Korea's leader shocked many in Washington and came after weeks of insistence from Trump administration officials that the time was not right for formal talks with Pyongyang.

The president announced that North Korea would also halt missile tests in preparation for the meeting, set for the next few months.

"Great progress being made but sanctions will remain until an agreement is reached. Meeting being planned!" he tweeted.

The U.S. imposed additional sanctions on North Korea late last month targeting the country’s fuel supply.

U.S. officials have approached the possibility of talks with caution and have expressed skepticism on whether Kim is sincere about ending his nuclear program.