Nov 24, 2019

Mike Bloomberg officially announces presidential run

Photo: Yana Paskova/Getty Images

Billionaire and former New York Mayor Mike Bloomberg officially announced on Sunday that he's running for president as a Democrat.

"I’m running for president to defeat Donald Trump and rebuild America. We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage. The stakes could not be higher. We must win this election. And we must begin rebuilding America. I believe my unique set of experiences in business, government, and philanthropy will enable me to win and lead."
— Mike Bloomberg

Why it matters: The 2020 primary field is growing at a time when it should be winnowing three months before the Iowa caucuses. A majority of Democratic voters have signaled that they’re already satisfied with the current slate of candidates, according to recent polling.

  • Historically speaking, it's also quite difficult to become the nominee when jumping in this late in the race. But Bloomberg’s entrance into reflects Democrats’ burning desire to do whatever it takes to defeat Trump.
  • A Morning Consult poll with Bloomberg in the race found that just 4% of 2,225 registered Democratic voters would pick the former mayor as their first choice to take on the president next year.

The big picture: The official announcement, which has been teased for weeks, follows reports that Bloomberg will launch a $100 million TV ad campaign in several key primary states — the single biggest ad buy in American campaign history. Bloomberg said he will not accept donations and will self-fund his campaign.

  • If the DNC keeps its individual donor requirements, this means that Bloomberg will not appear on any Democratic debate stage.
  • Bloomberg's policy strengths for the primary include his leadership on gun control and climate change. Two of his biggest challenges include building alliances with African American and female voters.

What to watch: One of Bloomberg's biggest advantages — his wealth — is also his biggest obstacle. Sens. Elizabeth Warren and Bernie Sanders will likely take aim at the new billionaire candidate, who in many ways represents the corporate culture their campaigns are taking on. 

  • Bloomberg hopes to use compressed Super Tuesday contests and divided sentiment about frontrunners to his advantage, as he’s unlikely to make much of a dent in early-voting states Iowa or New Hampshire. 

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World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The European Union is considering an $826 billion coronavirus rescue package to fund recovery efforts for all member states, European Commission President Ursula von der Leyen said Wednesday.

By the numbers: More than 5.6 million people have tested positive for COVID-19 and over 2.3 million have recovered from the virus. Over 355,500 people have died globally. The U.S. has reported the most cases in the world (over 1.6 million from 15.1 million tests).

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

More than 100,000 Americans have died of the coronavirus, according to data from Johns Hopkins — a milestone that puts the death toll far beyond some of the most tragic events in U.S. history.

By the numbers: Over 1.6 million have tested positive in the U.S. Nearly 354,000 Americans have recovered and over 15.1 million tests have been conducted. California became the fourth state with at least 100,000 reported cases of the coronavirus on Wednesday, along with Illinois, New Jersey and New York.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 5,682,389 — Total deaths: 354,944 — Total recoveries — 2,337,385Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 1,697,459 — Total deaths: 100,276 — Total recoveries: 391,508 — Total tested: 15,192,481Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. States: California hospitals strained by patients in MexicoTexas Supreme Court blocks mail-in expansion to state voters.
  5. Business: MGM plans to reopen major Las Vegas resorts in June — African American business owners have seen less relief from PPP, Goldman Sachs says.
  6. Tech: AI will help in the pandemic — but it might not be in time for this one.
  7. 1 🎶 thing: Local music venues get rocked by coronavirus.
  8. 🎧 Podcast: Trump vs. Twitter ... vs. Trump.
  9. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Updated 2 hours ago - Politics & Policy