Stephen Colbert and Jimmy Kimmel have mixed feelings about Trump meeting with Kim Jong Un

The Late Show was already taping Thursday evening when South Korea announced that President Trump has agreed to meet with North Korea's Kim Jong Un by May, and Jimmy Kimmel was about to go live, but big news like that can't wait, so their joke writers went into overdrive. "This can only mean one thing: Dennis Rodman is going to get the Nobel Peace Prize," Stephen Colbert said. "We don't know all the details yet, but because North Korea is an economically starved country, the invitation is BYO everything."

While Washington and Pyongyang work out the details, Kim has pledged to refrain from missile tests, and "that's great," Colbert said. "They've gone from 'We'll blow up Guam' to 'We pinky-swear not to blow up Guam for a few days." He was willing to give Trump credit if he pulls this off, but punchily stumbled over the punch line: "How about bringing peace to your own country first?"

"The North Korean leader extended an olive branch to Donald Trump, which is a big deal because olive branches are really the only thing they have to eat there," Kimmel said. He wasn't sure about Trump's time frame, though. "May? He's not still going to be president by May," Kimmel said hopefully. "This needs to happen by Wednesday."

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Kimmel was bullish on the two leaders getting along. "Imagine Kim Jong Un meeting Donald Trump, just the two worst hair cuts in the world, together," he said. "I wonder if they'll invite Dennis Rodman? He is a mutual friend. And you know those two are going to hit it off. ... They'll be golfing together, they'll be sharing a bucket of chicken. Maybe Kim Jong Un will be the next host of Celebrity Apprentice — who knows where this could lead? But it's never dull." Watch below. Peter Weber