Asked by Alex Witt what Trump needed to do this weekend, the political analyst said "I think they need to spend some serious time preparing a concession speech."

ALEX WITT, MSNBC: So given your vast experience, advising Republican campaigns, were you to be advising Donald Trump, what would you say? You've got to do this, this weekend. Is there anything?

STEVE SCHMIDT: Well, look. I think when you look at this -- when you look at where the race is right now, Hillary Clinton will be elected the 45th president of the United States. And so now it's time, particularly because of the rhetoric from Donald Trump, about the rigged election, about his assaults on the process by which we choose the leaders.

I think they need to spend some serious time preparing a concession speech. And being focused on initiating in a dignified manner the peaceful transition of power which takes place on January 20th. The process commences when the losing candidate picks up the phone, calls the winning candidate. The first person who addresses Hillary Clinton on Tuesday night is Madam President-Elect that matters is Donald Trump. And he's indicated that he has no intention of conceding this election in a normal manner. And it's very dangerous for American democracy.