Michael Bloomberg Announces 2020 Presidential Bid

Michael Bloomberg announced his late entry into the Democratic presidential race, positioning himself as a pragmatic and effective candidate against President Donald Trump. He emphasized the urgency of defeating Trump, citing his bigotry and harmful policies as existential threats to the country. Bloomberg, who initially decided not to run, changed his mind due to a lack of confidence in the current Democratic candidates' ability to defeat Trump. To kickstart his campaign, Bloomberg has invested $37 million in television ads.

What existential threat did Bloomberg associate with President Trump's potential re-election?

What did Bloomberg say about the current field of Democratic candidates?