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Mike Bloomberg. Photo: Ludovic Marin/AFP/Getty Images

Michael Bloomberg's spending on House races in the midterms has passed the $80 million he promised for the cycle and is heading toward $100 million as he sees an increasing chance for Democrats to win control, Axios has learned.

The plan: Half of that will go to women candidates, a Bloomberg adviser told me. As this fall's blue wave strengthens, the adviser said: "We want to take a Category 3 storm and turn it into a Cat 5."

  • Plot note: The former New York mayor is eyeing a 2020 presidential run as a Democrat.

Bloomberg showed his power on the world stage yesterday with his second annual Bloomberg Global Business Forum (and a companion One Planet Summit), which drew an astonishing roster that included 70 heads of state, in town for the UN General Assembly, and 200 CEOs.

  • Spotted: Bill Gates, Bill Clinton, Henry Kissinger, French President Emmanuel Macron, U.K. Prime Minister Theresa May, IMF managing director Christine Lagarde, Uber CEO Dara Khosrowshahi, private equity titans Stephen Schwarzman and Larry Fink, Jeb Bush, Cindy McCain, Steve Case, Steve Rattner, Andrew Ross Sorkin and more.

During a day's end interview with Axios, Bloomberg showed that in addition to his global passions that dominated the forum — trade and climate — he also has strong views and expertise on national issues for a possible White House bid:

  • On Trump's UN speech: "I would rather laugh with than laugh at.  I think our president, for reasons I don't understand, says things that just elicit that kind of response. It has nothing to do with his policies. I disagree with most of them and that's a separate issue."
  • "You've got to remember, he is a real estate guy, a promoter. ... And so he comes from a world where you exaggerate; there's a lot of hyperbole."
  • "You'd think by now somebody would have taught him, 'You don't say those things.'"

On his heavy midterm spending for women: "We should have a better balance — I've always been in favor of that in business and everything else."

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Go deeper

Updated 47 mins ago - Sports

Swimmer Chase Kalisz first American to win Olympics gold medal

Chase Kalisz of Team United States celebrates after winning the Men's 400m Individual Medley Final on day two of the Tokyo 2020 Olympic Games at Tokyo Aquatics Centre in Tokyo, Japan. Photo: Al Bello/Getty Images

Swimmer Chase Kalisz has become the first Team United States Olympian to win gold at the Tokyo Games.

The big picture: The Rio 2016 silver medalist's winning time in the men's 400 meters Individual Medley Final was 4 minutes 9.42 seconds. His teammate Jay Litherland took silver, .86 seconds behind him.

California's largest wildfire razes homes as 88 huge blazes burn in U.S.

Firefighters on the scene as dozens of homes burn during the Dixie Fire in the Indian Falls neighborhood of unincorporated Plumas County, California, on July 24. Photo: Josh Edelson/AFP via Getty Images

Flames from California's biggest wildfire were engulfing homes in the state's north overnight — one of 88 large blazes raging in the U.S.

Driving the news: The Dixie Fire, which erupted July 14 near the origin of the deadly 2018 Camp Fire in Butte County, was tearing through the community of Indian Falls, per AP.

Golfer Bryson DeChambeau will miss Olympics after testing positive for COVID

Bryson DeChambeau of the United States on the 18th tee during Day Two of the 149th Open at Royal St George’s Golf Club on July 16 in Sandwich, England. Photo: Andrew Redington/Getty Images

Golfer Bryson DeChambeau has tested positive for COVID-19 and will miss the Tokyo Olympic Games, USA Golf announced late Saturday.

What's happening: "Patrick Reed will replace DeChambeau and is undergoing the requisite testing protocol" Sunday and Monday before his expected departure for Japan, per a USA Golf statement.