Scaramucci tells CNBC Trump is headed for a midterm drubbing — and he knows it

Anthony Scaramucci didn't mince words on CNBC's Squawk Box Europe Tuesday. The former White House communications director and SkyBridge Capital founder said President Trump will get 'trounced' in Tuesday's midterm elections — and that Trump is aware of it. He described a country caught in a cultural and economic struggle, with the two main parties offering 'two different visions of where the country should go.'

The numbers back up Scaramucci's read. Trump's economic approval rating hit an all-time low last month, according to CNBC's All-America Economic Survey. Sixty-five percent of respondents disapproved of Trump's handling of the economy, while 80% rated the economy as fair or poor. Scaramucci framed the midterms as the one customer satisfaction survey Americans get on their president, and said people are not happy.

Scaramucci also listed what he said Trump failed to deliver: affordability, an end to forever wars, and transparency on the Epstein files. He said that has driven 'a lot of people inside MAGA' to break from the president. The White House did not immediately respond to a CNBC request for comment; it previously told CNBC that Scaramucci's 'relevance ended almost a decade ago.' Scaramucci served as White House communications director for 10 days in 2017.

Prediction markets are pricing in around a three-in-four chance that Democrats win control of the Senate on Tuesday. Such platforms don't use traditional polling methodologies and aren't substitutes for political polls. On the Iran war, Scaramucci said he was 'bearish' on a diplomatic breakthrough after the ballot, seeing no alignment between Iranians, Israelis and Americans for a negotiated solution. The U.S. launched 'defensive' strikes on Iran's Qeshm Island overnight, a U.S. official told MS Now, even though Trump previously said American forces would not attack Iran before the midterms.

'Wars are very bad for business,' Scaramucci said, adding they're not great for the stock market. He said he'd like a negotiated settlement but sees nothing on the matrix where the three groups would agree to a deal. He also argued that 'disarray' within the Democratic Party has been 'the best thing that has happened for Donald Trump.'

If Trump does get trounced, Scaramucci expects bicameral investigations to become 'the main show,' with Democrats digging into the administration. He predicted a 'great intellectual civil war' inside the Republican Party as it figures out its direction — no longer Reagan's party, not Bush's, and uncertain whether it remains Trump's after he leaves the stage. Scaramucci said it will take a long while to move past MAGA, and that any 2028 presidential candidate will carry MAGA DNA, with Trump and several hundred million dollars of PAC money looming large.