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

Democratic presidential hopeful Andrew YangAndrew YangGeorge Floyd protests show corporations must support racial and economic equality Andrew Yang discusses his universal basic income pilot program Andrew Yang on the George Floyd protests in Minneapolis MORE quipped that the possible entrance of billionaire Michael BloombergMichael BloombergEngel scrambles to fend off primary challenge from left It’s as if a Trump operative infiltrated the Democratic primary process Liberals embrace super PACs they once shunned 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.”  

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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 BullockKoch-backed group launches ad campaign to support four vulnerable GOP senators Overnight Energy: US Park Police say ‘tear gas’ statements were ‘mistake’ | Trump to reopen area off New England coast for fishing | Vulnerable Republicans embrace green issues Vulnerable Republicans embrace green issues in battle to save seats MORE (D) and the campaign manager for Sen. Bernie SandersBernie SandersThe Hill’s 12:30 Report: Milley apologizes for church photo-op Harris grapples with defund the police movement amid veep talk Biden courts younger voters — who have been a weakness MORE (I-Vt.) opined that the race doesn’t need another billionaire. 

Sen. Elizabeth WarrenElizabeth WarrenWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases OVERNIGHT DEFENSE: Joint Chiefs chairman says he regrets participating in Trump photo-op | GOP senators back Joint Chiefs chairman who voiced regret over Trump photo-op | Senate panel approves 0B defense policy bill Trump on collision course with Congress over bases with Confederate names 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.”

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