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 YangIt's as if a Trump operative infiltrated the Democratic primary process Hillicon Valley: Facebook permanently shifting thousands of jobs to remote work | Congressional action on driverless cars hits speed bump during pandemic | Republicans grill TikTok over data privacy concerns The Hill's Coronavirus Report: Mnuchin sees 'strong likelihood' of another relief package; Warner says some businesses 'may not come back' at The Hill's Advancing America's Economy summit MORE quipped that the possible entrance of billionaire Michael BloombergMichael BloombergIt's as if a Trump operative infiltrated the Democratic primary process Liberals embrace super PACs they once shunned .7 billion expected to be spent in 2020 campaign despite coronavirus: report 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 BullockThe 10 Senate seats most likely to flip OVERNIGHT ENERGY: Coal company sues EPA over power plant pollution regulation | Automakers fight effort to freeze fuel efficiency standards | EPA watchdog may probe agency's response to California water issues Bullock outraises Daines in Montana Senate race MORE (D) and the campaign manager for Sen. Bernie SandersBernie SandersBiden will help close out Texas Democrats' virtual convention: report Senate Dems press DOJ over coronavirus safety precautions in juvenile detention centers Gabbard drops defamation lawsuit against Clinton MORE (I-Vt.) opined that the race doesn't need another billionaire

Sen. Elizabeth WarrenElizabeth WarrenLongtime Democratic pollster: Warren 'obvious solution' for Biden's VP pick The Hill's Morning Report - Presented by Facebook - US virus deaths exceed 100,000; Pelosi pulls FISA bill Warren's VP bid faces obstacle: Her state's Republican governor 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."