Yang on potential Bloomberg 2020 entrance: 'It's probably going to change the price of advertising'

Yang on potential Bloomberg 2020 entrance: 'It's probably going to change the price of advertising'
© Greg Nash

Democratic presidential hopeful Andrew YangAndrew YangPoll: Biden and Sanders tied nationally, followed by Warren The Hill's 12:30 Report — Presented by Johnson & Johnson — Witness dismisses 'fictional' GOP claims of Ukraine meddling Yang says white supremacist violence should be designated domestic terrorism MORE quipped that the possible entrance of billionaire Michael BloombergMichael Rubens BloombergBloomberg files paperwork to run for president 2020 hopes rise for gun control groups after Virginia elections Bloomberg to spend millions on voter registration campaign MORE into the 2020 race will probably "change the price of advertising." The comments came before the entrepreneur expressed his enthusiasm for the former New York City mayor joining the race. 

"It's probably going to change the price of advertising," Yang joked to CNN after he was asked what affect a Bloomberg candidacy would have on the contest. 

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"Mike has a very valuable perspective to offer," Yang added. "I'm glad that he's looking at the race."

Yang was then asked how he would explain to Bloomberg why he needs $1,000 a month under the entrepreneur's proposed universal basic income plan. 

"It's opt-in, so he doesn't need to take it. Knowing Mike he probably wouldn't." Yang said. "Though you don't get to be a billionaire by turning down $1,000 a month."  

Multiple news outlets reported Thursday that Bloomberg was preparing to file paperwork to declare his candidacy in Alabama's presidential primary. 

In response, Montana Gov. Steve BullockSteve Bullock2020 primary debate guide: Everything you need to know ahead of the November forum Deval Patrick: a short runway, but potential to get airborne Biden, Buttigieg condemn rocket attacks on Israel MORE (D) and the campaign manager for Sen. Bernie SandersBernie SandersKamala Harris receives new Iowa endorsements after debate performance Wasserman Schultz makes bid for House Appropriations Committee gavel Overnight Health Care: Crunch time for Congress on surprise medical bills | CDC confirms 47 vaping-related deaths | Massachusetts passes flavored tobacco, vaping products ban MORE (I-Vt.) opined that the race doesn't need another billionaire

Sen. Elizabeth WarrenElizabeth Ann WarrenKamala Harris receives new Iowa endorsements after debate performance Warren speech in Georgia interrupted by pro-charter school protesters Hillicon Valley: Senators ask Trump to halt Huawei licenses | Warren criticizes Zuckerberg over secret dinner with Trump | Senior DHS cyber official to leave | Dems offer bill on Libra oversight MORE (D-Mass.) welcomed him to the race by referring him to her "Calculator for Billionaires" to show him how much he'd pay under her proposed "Ultra-Millionaire Tax."