He dramatically paused and then said: "Maybe it's the calm before the storm".
The cash-strapped island's 2035 8% bonds traded down to 32 cents on the dollar last Wednesday, down 12.5 points from the previous day after Trump said the debt had to be wiped out.
The president was talking about Hispanic Heritage Month when he said he'd just been to "Puerhto Rico" and "Porto Rico". While posing for a picture with them and their spouses, Trump had pointed to the room and asked reporters if they knew "what it represents".
He ignored follow up questions and refused to divulge whether he meant North Korea, Iran, Syria or the Islamic State - four entities he had repeatedly attacked on Twitter since become president.
During the event honouring the Hispanic community for its contributions to the US, Trump said: "You teach our children".
Trump also used the speech to praise Hispanic Americans, saying, "Today we're grateful to have more than a quarter of a million Hispanic-Americans serving in our military".
Thanks for clearing up how counting works for us Donald. "He loves the notion of 'Tune in next week for the next exciting installation of 'The White House, ' an ongoing reality show and national psychodrama'".
But he also unwittingly diverted President Trump's attention from North Korea's Kim, who Trump has taken to calling little "Rocket Man".
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