President Donald J. Trump on Friday, Nov. 8, 2019, responded to a possibility of the former New York City Mayor Michael Bloomberg running for the Democratic presidential nomination.

The president told White House reporters, “There is nobody” he’d “rather run against.”

President Trump anticipated that his fellow longtime New Yorker is “not going to do well.” Bloomberg “doesn’t have the magic to do well,” President Trump said.

Bloomberg’s candidacy to the 2020 White House bid would be most damaging to former Vice President Joe Biden, said President Trump, who predicted that Bloomberg will fail after spending “a lot of money.”

The 77-year-old billionaire business entrepreneur is again contemplating entering the race for the U.S. Democratic Party’s presidential nomination. Bloomberg, who had announced earlier that he would rule out a 2020 bid, has yet to make a final decision on whether to jump into the race.

In a statement issued on Thursday, Bloomberg’s political adviser Howard Wolfson said Bloomberg is concerned that the current pick of the Democratic presidential candidates is “not well positioned” and not good enough to defeat President Trump next year.

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.

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. Elizabeth Warren.

Bloomberg had apparently made the choice of keeping his options open. This included acting to get on the primary ballot in Alabama before the state’s Friday filing deadline.

However, his adviser said that Bloomberg has not yet decided on whether to run or not.

If he does get on the ballot in Alabama, Bloomberg will have to register in other states that have later filing deadlines.

In February next year, primaries and caucuses or state-by-state votes, will be held to pick a Democratic presidential nominee. The winner of the primaries and caucuses will then compete with President Trump in the November 2020 general election.

“Mike would be able to take the fight to Trump and win,” said Wolfson, “based on his record of accomplishment, leadership and his ability to bring people together to drive change.

However, Bloomberg’s late entry to the presidential race could possibly a challenge. He will face close scrutiny of his three-year term as New York City mayor.

During his mayoral office, Bloomberg supported New York Police Department’s use of the controversial stop-and-frisk policy that critics said targets African Americans and Hispanics. And black voters are crucial for the Democrats.

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

And if he were to launch a presidential campaign, it remains to be seen whether he could radically restructure the Democratic contest in less than three months before primary voting begins.