Trump says Bloomberg is 'wasting his money' on 2020 campaign

Trump says Bloomberg is 'wasting his money' on 2020 campaign

President TrumpDonald John TrumpCDC updates website to remove dosage guidance on drug touted by Trump Trump says he'd like economy to reopen 'with a big bang' but acknowledges it may be limited Graham backs Trump, vows no money for WHO in next funding bill MORE on Wednesday said Democratic presidential candidate Michael BloombergMichael BloombergNew York City auctioned off extra ventilators due to cost of maintenance: report DNC books million in fall YouTube ads Former Bloomberg staffer seeks class-action lawsuit over layoffs MORE is “wasting his money” by pouring hundreds of millions of dollars into ads targeting the president.

Trump downplayed the political impact of the spending spree in an interview with Fox Business Network, though he has swiped at Bloomberg repeatedly in recent weeks in an indication the former New York City mayor has held his attention.

“Right now, it doesn’t have any impact. He’s wasting his money,” Trump said Wednesday from Davos, Switzerland. “He’s not going to win because he can’t. He’s a terrible speaker. He can’t speak properly, and he’s not a charismatic guy.”

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Trump quipped that Bloomberg is "making a lot of my broadcaster friends wealthy."

Bloomberg, who entered the Democratic primary race later than most other candidates, is not on the ballot in early primary states. But the billionaire has flooded the airwaves with advertisements touting his record and hammering Trump.

Bloomberg has spent more than $225 million on ads since entering the race in late November, according to Advertising Analytics. 

After the Bloomberg campaign announced Tuesday it had reserved 60 seconds in airtime for a Super Bowl ad, the Trump campaign responded by purchasing its own slot during the game.

Trump has tweeted multiple times about Bloomberg, complaining about his ads, which criticize the president on health care, and deriding the former mayor's spending spree as a "vanity project."

Bloomberg has vowed to continue using his deep pockets to help the Democratic nominee defeat Trump, regardless of whether he wins the nomination.