That is true, and media will not bring that out, as the President needs to walk in on show and tell Arnie" you are terminated"It's a smear; the quote taken out of context.
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Trump was beginning to speak and was gently roasting his past agent (in the audience) who set up his TV show, the Apprentice (I've never seen it).
Apparently the show was taken over by Schwarzenegger after Trump left and has done very poorly.
He was roasting his good Christian friend (and The Arnold) by telling this joke.
Ever have your pastor tell a joke during a sermon?
Certainly got everyone's attention!
Rob