Stephen Colbert torches CBS during monologue on Trumps billion-dollar peace board

Donald Trump launched his "Board of Peace" at the World Economic Forum in Davos on Thursday, the president's committee that will function as "transitional administration" in the reconstruction of Gaza. 60 nations have been invited to join, with each member guaranteed a seat for the sky-high cost of $1 billion.

Stephen Colbert unpacked Trump's new billion-dollar board on The Late Show Thursday, including reports that Trump will be its chairman for life (even after he is no longer U.S. president) and hold the only veto over any matter.