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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 YangMary J. Blige endorses New York City mayoral candidate in new ad Ocasio-Cortez endorses Maya Wiley in NYC mayoral race NYC mayoral candidate hit with second allegation of sexual misconduct MORE quipped that the possible entrance of billionaire Michael BloombergMichael BloombergWhat the Democrats should be doing to reach true bipartisanship 5 former Treasury secretaries back Biden's plan to increase tax enforcement on wealthy On The Money: Biden ends infrastructure talks with Capito, pivots to bipartisan group | Some US billionaires had years where they paid no taxes: report | IRS to investigate leak 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 BullockBiden 'allies' painting him into a corner Democratic Kansas City, Mo., mayor eyes Senate run Overnight Energy: Climate Summit Day 2 — Biden says US will work with other countries on climate innovation MORE (D) and the campaign manager for Sen. Bernie SandersBernie SandersThe Memo: Democratic tensions will only get worse as left loses patience McConnell seeks to divide and conquer Democrats Socially-distanced 'action figure' photo of G7 leaders goes viral MORE (I-Vt.) opined that the race doesn't need another billionaire

Sen. Elizabeth WarrenElizabeth WarrenMcConnell seeks to divide and conquer Democrats Mark Cuban: ProPublica 'not being honest' about taxes on wealthy On The Money: Bipartisan Senate group rules out tax hikes on infrastructure | New report reignites push for wealth tax 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."