Democratic presidential hopeful Michael Bloomberg Michael BloombergThe Hill's 12:30 Report - Presented by Facebook - Latest with the COVID-19 relief bill negotiations The Memo: 2020 is all about winning Florida The Hill's Morning Report - Sponsored by The Air Line Pilots Association - Trump, Biden renew push for Latino support MORE hit President Trump Donald John TrumpBarr criticizes DOJ in speech declaring all agency power 'is invested in the attorney general' Military leaders asked about using heat ray on protesters outside White House: report Powell warns failure to reach COVID-19 deal could 'scar and damage' economy MORE in a television advertisement ahead of the president's State of the Union address on Tuesday, marking the latest escalation in the war of words between the two New York businessmen-turned-politicians.

"The Real State of the Union? A nation divided by an angry, out of control president. A White House besotted by lies, chaos, and corruption," a narrator says in the ad.

"It doesn't have to be this way. Next year we can have a leader who will bring people together," the ad continues. "Mike Bloomberg will get it done."

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The ad will air on MSNBC, Fox, CNN and YouTube platforms just hours before Trump delivers his annual State of the Union address on Capitol Hill.

Bloomberg, who entered the race in November, is working to make up for lost time and spent roughly $132 million on TV advertisements in addition to $8.19 million on digital ads in the fourth quarter.

He has since seen a rise in the polls, tying with Sen. Elizabeth Warren Elizabeth WarrenNo new taxes for the ultra rich — fix bad tax policy instead Democrats back away from quick reversal of Trump tax cuts It's time for newspapers to stop endorsing presidential candidates MORE (D-Mass.) in third place in Morning Consult tracking poll on Monday.

Bloomberg has focused most of his attacks on Trump as he prepares to compete in the Super Tuesday states on March 3.

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The two men both aired television advertisements during the Super Bowl, spending more than $11 million on the spots.

Trump took aim at Bloomberg last week, accusing the former New York City mayor of working with the Democratic National Committee to rig the Democratic primary against Sen. Bernie Sanders Bernie SandersSenate Republicans signal openness to working with Biden Hillicon Valley: DOJ indicts Chinese, Malaysian hackers accused of targeting over 100 organizations | GOP senators raise concerns over Oracle-TikTok deal | QAnon awareness jumps in new poll Schumer, Sanders call for Senate panel to address election security MORE (I-Vt.).

Bloomberg responded on Sunday, saying Trump "lies about everything" and knows that he can beat him.