The Late Show with Stephen Colbert S11 E108 | Presidential Fitness | Hegseth's Bubble | Trump's War Is Bad For Business | Met Gala's Wild Looks

President Trump hosted children at the White House to mark the return of the Presidential Fitness Test, Pete Hegseth explained the military's plan to guide ships through the Strait of Hormuz, the war against Iran is hurting American businesses of all sizes, and Stephen reacts to the red carpet looks at this year's Met Gala. #Colbert #Comedy #Monologue #Iran #PresidentTrump #PeteHegseth #MetGala #BadBunny #StephenColbert Air Date: May 5, 2026