President Trump encouraged former New York City Mayor Michael Bloomberg to enter the 2020 Democratic primary, predicting that he would hurt former Vice President Joe Biden’s White House bid.

“He’s not going to do well, but I think he’s going to hurt Biden actually,” Trump told reporters Friday as he left the White House. “He doesn’t have the magic to do well. Little Michael will fail. He’ll spend a lot of money … There’s nobody I’d rather run against than little Michael.”