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Weekend Update hosts Colin Jost and Michael Che cover the week's biggest news before speaking with Alix Earle (Veronika Slowikowska) and...

Thursday, May 14, 2026

Billionaire Boys Trip | Our Trillion-Dollar “Sledgehammer” | America Is Out Of Control


In this episode of The Late Show, host Stephen Colbert delivers a satirical monologue covering recent political developments and viral trends:

  • Trump’s Trip to China (0:48 - 2:59): Colbert discusses President Trump’s visit to China accompanied by high-profile CEOs like Elon Musk and Tim Cook. He also mocks the inclusion of film director Brett Ratner, joking about his role in potential Rush Hour sequels.
  • The Cost of the Iran Conflict (3:00 - 6:41): Colbert addresses reports that the military conflict in Iran, originally estimated at $25 billion, could cost taxpayers upwards of $1 trillion. He mocks the Pentagon's alleged consideration of renaming the operation to Operation Sledgehammer as a potential ploy to bypass the 1973 War Powers Resolution and restart the 60-day authorization clock.
  • Low Poll Numbers and Public Sentiment (6:42 - 8:12): The monologue highlights declining approval ratings for the President regarding the economy, noting that a majority of Americans feel the country is spiraling out of control.
  • Bizarre Trends (8:43 - 10:46): Shifting to pop culture, Colbert touches upon extreme "manosphere" trends, specifically mocking "ball maxing," a procedure involving saline injections to enlarge the scrotum.

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