Trump said Bloomberg has unspecified "issues", calling him a "nothing" who will actually hurt the chances of Democratic front-runner Joe Biden.
The ex-New York City mayor had reportedly been speaking with prominent Democrats over the past few weeks and expressing concerns about the prospects of former Vice President Joe Biden's campaign and liberal Massachusetts Sen.
"But Mike is increasingly concerned that the current field of candidates is not well positioned to do that".
But longtime advisor Howard Wolfson said Friday that Bloomberg would likely skip early states like Iowa and New Hampshire, instead focusing on the more than a dozen states holding Super Tuesday primaries in March.
Bloomberg initially said earlier this year that he would not be making a run for the Democratic nomination. The move comes after days of rumors that Bloomberg would join the field of 16 other Democrats on the Alabama ballot. Late Thursday night, it was reported that Bloomberg was set to run for president as evidenced by an effort to beat the deadline to be on the Alabama ballot. Bloomberg "doesn't have the magic to do well", President Trump said. He called Bloomberg a solid guy and said he has no problem with Bloomberg getting in.
US President Donald Trump. Democrats are about as happy with the field as they were in 2007, when Barack Obama, Hillary Clinton and John Edwards were leading the Democratic primary and the party was on its way to a landslide victory.
Jacobs is also the longtime chairman of the Nassau County Democratic Party, a suburban area with more moderate and centrist Dems that Bloomberg would have to win over in NY and elsewhere across the country to have a shot at the nomination.
A Bloomberg adviser says the former mayor has not made a final decision on whether to run. He has defended the New York Police Department's use of the controversial stop-and-frisk policy that has been criticized as targeting African Americans and Hispanics.
Warren responded to the news of the Bloomberg movement tweeting with a link that showed how much he would pay under his estate tax.
Mr Bloomberg has switched between the Republican and Democratic parties over the years and also served as an independent mayor. (In this hypothetical universe the average Democratic primary voter cares about banning plastic cups more than about wages and the cost of health care and college tuition.) He won't be trying to win hearts or even minds. His advisers are preparing to meet several other upcoming filing deadlines, including in Arkansas and New Hampshire, where candidates must submit paperwork next week.