Trump says Bloomberg wouldn't do well in 2020

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He called Bloomberg a solid guy and said he has no problem with Bloomberg getting in.

Ms Warren, who has clashed with Mr Bloomberg over her proposals to tax the super-rich, said his potential run for the Democratic nomination was “another example of the wealthy wanting our government and economy to only work for themselves”.

The Alabama angle may seem unexpected - it's a ruby-red state that is unlikely to play a major role in the election - but it's the state with the earliest filing deadline. But the announcement came due to the Democratic Party's divisive and crowded primary field.

Complicating matters, he's not alone: "the Washington Post's Eugene Robinson noted late yesterday that he spoke to a reliable source who told him former Attorney General Eric Holder "has been consulting strategists" about also possibly jumping into the 2020 presidential race".

Bloomberg is expected to file to get on the ballot in Alabama's presidential primary, should he decide to join the race at this late juncture.

Mr Bloomberg, a Republican-turned-independent who registered as a Democrat a year ago, has flirted with a presidential run before but ultimately backed down, including in 2016.

The filing comes because of Alabama's filing deadline, November 8, which gives Bloomberg more time to make his final decision. But the two party leaders added they "are certain" voters in their states and other early states "are eager to ask Michael Bloomberg about his plans to move our states and our country forward".

Bloomberg, whose net worth is reported to be $52 billion, has stressed climate change and gun control as key concerns.

"There are smart and influential people in the Democratic Party who think a candidate like Bloomberg is needed", said Jennifer Palmieri, who advised Clinton's 2016 campaign.

"Little Michael will fail".

Pro-Trump groups have already raised more than $300 million USA in 2019 as they prepare for the 2020 election fight.

It is also understood that he does not see the two leading liberals in the race, Elizabeth Warren a senator in MA and Bernie Sanders a Vermont senator, as potential winners against Trump. He will face close scrutiny of his three-year term as New York City mayor.

Bloomberg, 77, would be the second-oldest presidential contender behind 78-year-old Sen. 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. His advisers are preparing to meet several other upcoming filing deadlines, including in Arkansas and New Hampshire, where candidates must submit paperwork next week.

"If we run, we are confident we can win in states voting on Super Tuesday and beyond, where we will start on an even footing", Mr Wolfson said.

Presented with Mr Bloomberg as a hypothetical entrant into the primary, 32 per cent of Democratic primary voters said they would never vote for him and 6 per cent of Democratic primary voters said they would definitely support him.

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