U.S. Markets open in 4 hrs 1 min

How Bloomberg could save money by running for President

Former New York City Mayor Michael Bloomberg announced he is running for president and his campaign could be less of a financial burden than a victory for one of his Democratic opponents in favor of wealth tax. Yahoo Finance’s Brian Sozzi, Alexis Christoforous, Sibile Marcellus and Rick Newman take a closer look at how Bloomberg could save money by running for president.