Former Presidential and New York City Mayoral Candidate Andrew Yang Talks Politics, No-bull Mobile

Summary

Bloomberg Talks – Andrew Yang on Politics and No-bull Mobile

Podcast: Bloomberg Talks
Date: October 2, 2025
Guest: Andrew Yang (Former Presidential and NYC Mayoral Candidate, Founder of Noble Mobile and the Forward Party)
Hosts: Bloomberg Businessweek hosts (likely Joe Weisenthal and Carol Massar)

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Episode Overview

This episode features an in-depth interview with Andrew Yang, touching on his ongoing political ambitions, the potential for a disruptive third party in American politics, his relationship with high-profile figures like Elon Musk, and the launch of his new affordable wireless carrier, Noble Mobile. Yang delves into the frustrations of the current two-party political system, his views on political incentives and term limits, as well as the unique pitch behind his MVNO, which aims to lower cell phone bills and encourage healthier digital habits.

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Key Discussion Points & Insights

Andrew Yang’s Evolving Roles: Entrepreneur vs. Political Candidate

• Entrepreneurship vs. Politics
  • Yang discusses the challenges of entrepreneurship compared to running for office.
  • “As a candidate, people want to know more about you. Like you become the product and there’s nothing that can prepare you for that.” (Andrew Yang, 06:24)
  • While startup experience informed some aspects, he notes politics' personal scrutiny is in a category of its own.

Political Ambitions and the Future of Third Parties

• Future in Politics
  • "I'm too young to be done with politics...I'm sure I'll run for something again at some point." (Andrew Yang, 06:50-07:02)
• Relationship with Elon Musk & a Third Party
  • Yang remains in touch with Musk; shared vision about the failure of the two-party system.
  • "I'm aligned with anyone who thinks that the current system is not working...there are times when Elon has definitely had that point of view." (Andrew Yang, 08:01)
• Structural Challenges: Money, Incentives, and Term Limits
  • Pinpoints perverse ‘incentives’ as driving dysfunction:
    • “If someone does the right thing, they're probably shortening their political career.” (Andrew Yang, 08:57)
  • Strongly supports term limits:
    • “75% of Americans think we should have term limits because they don’t want folks heading to D.C. and squatting there for decades.” (Andrew Yang, 09:12)
• Forward Party & Likelihood of a Third-Party Breakthrough
  • Forward Party is not a hypothetical—already has dozens of nonpartisan local officials.
  • “You don’t need an upstart movement like Forward to win 51 Senate races. ...You need us to get three or so. And that I think is going to happen sometime in the next three or five years.” (Andrew Yang, 09:52–10:24)
• Prospects of an Independent President
  • Points to Mike Duggan as a model for successful independents.
  • “There’s no reason why someone can’t make that similar case nationwide. It might even be Mike Duggan.” (Andrew Yang, 10:30)
• Vision for Open Primaries via Technology
  • Imagines a national, tech-powered independent primary:
    • “A primary that every American can vote in on their smartphone...genuine lowercase d democracy. And there is nothing stopping that from happening in 2028 or 2032.” (Andrew Yang, 11:03–11:45)
  • Suggests only the willingness of a major figure (e.g., Mark Cuban) is needed to start the trend.

Noble Mobile: Disrupting the Mobile Carrier Market

• Value Proposition
  • “Imagine a carrier that actually paid you to doom scroll a little bit less. $50 for unlimited, which is less than what 90% of Americans are paying, and we'll give you up to $20 cash back based on your data use.” (Andrew Yang, 12:19)
  • Incentivizes digital wellness; organizes live offline events to promote socializing and less screen time.
  • “If I get money back, anyone will.” (Andrew Yang, 12:55)
• Business Model & Partnership with T-Mobile
  • Built as a Mobile Virtual Network Operator (MVNO) leveraging T-Mobile’s network.
  • “We went out to the folks at T-Mobile and said, 'Hey, we’d love to make data available to the American people at closer to true cost.' ...They have lent us or leased us spectrum or data that we can then sell to the American people at much closer to true value.” (Andrew Yang, 13:34)
  • Criticizes major US carriers for expensive plans and lack of innovation.
  • “Americans spending $83 a month on our wireless when Europeans are spending $40…because you have carriers paying $20 billion in dividends and raising prices while not actually investing in their networks.” (Andrew Yang, 14:12)
• Adoption & User Experience
  • Early adoption exceeds forecasts; highlighted cost savings compared to major carriers.
  • “I took my bill from $140 to $46 or so, and everything works better than ever.” (Andrew Yang, 14:49)
• Skepticism about MVNOs Addressed
  • Assures unlimited, high-speed data, unlike past bad MVNO experiences recounted by hosts.
  • “We do not slow it down. It’s truly unlimited if you give us $50 that month. Unlimited. All you can eat data as fast as you can find.” (Andrew Yang, 15:49)
  • When pressed why larger carriers don't offer this: pivots to 'company approach’—focus is on consumer experience and real value.

Reflections on Polarization and the Path Forward

• Current State of US Politics
  • Yang describes worsening polarization; sees the recent shutdown as symptomatic.
  • “Really the question is, how do we get out of this? ...Number one would be a miraculous restoration of one party or the other to some degree of common sense...Number two is that 50% of Americans who self-identify as independents raise their hands and say, you know what? I want something new.” (Andrew Yang, 17:24)
  • Reminds audience it’s possible to build new institutions in America.

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Notable Quotes & Memorable Moments

• On Political Candidacies vs. Entrepreneurship:

  • “As a candidate, people want to know more about you. Like you become the product and there's nothing that can prepare you for that.” (06:24, Andrew Yang)

• On Political Incentives:

  • “If someone does the right thing, they're probably shortening their political career. If they go along with what their base wants, they might have a lifetime appointment.” (08:57, Andrew Yang)

• On Breaking Congressional Gridlock:

  • “How many US Senators would you need to form a fulcrum in this divided time? Maybe three, maybe four. ...You don’t need an upstart movement like Forward to win 51 Senate races.” (09:52, Andrew Yang)

• On Mobile Plan Pricing:

  • “Americans spending $83 a month on our wireless when Europeans are spending $40…because you have carriers that are paying $20 billion in dividends and raising prices while not actually investing in their networks.” (14:12, Andrew Yang)

• On National Division:

  • “The polarization is getting worse and worse. The shutdown is an emblem of that. ...So really the question is, how do we get out of this?” (17:24, Andrew Yang)

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Timestamps for Key Segments

• Introduction and weather/markets run-down – [00:00–05:39]
• Andrew Yang joins the show – [05:39]
• Entrepreneurship vs. politics discussion – [06:17–06:50]
• Relationship with Musk & independent political plans – [07:09–08:46]
• Broken political system, term limits & odds of third party breakthrough – [08:46–10:56]
• Vision for national open primary via smartphone – [11:03–11:45]
• Mark Cuban speculation – [12:02]
• Overview of Noble Mobile / digital wellness – [12:09–12:48]
• MVNO business model and comparison with major carriers – [13:14–14:49]
• Host skepticism about MVNOs; Yang’s assurance about speed/unlimited plans – [15:13–16:43]
• Final appeal – politics and the path forward from polarization – [17:05–18:17]

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Episode Tone & Final Thoughts

The conversation is candid, lively, and optimistic, with Yang balancing criticism of establishment politics and industry with concrete, innovative proposals. The tone is hopeful; both about policy innovation and practical consumer innovation. Yang’s blend of entrepreneurial storytelling and political analysis will appeal to listeners interested in systemic change and tangible alternatives, whether in governance or the phone market.

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Listen if you want to hear:

• The inside baseball of running for office vs running startups
• Why a tech-based, national “open” primary may be coming
• Candid thoughts on the US’s political dysfunction and Yang's faith in bottom-up reform
• The promise — and the reality — of a cheaper, healthier cell phone plan

Transcript

[Indiana University Announcer]

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[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Bloomberg Audio Studios, Podcasts, Radio news. I shared a story with you because I don't know if you noticed. It's supposed to be about 80 degrees here on Sunday.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Does that mean the mosquitoes are coming back?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

I have no idea. I think last night it was enough.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

I could sit outside and like, I didn't feel like I would get bitten, but the night before got bitten.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

It's not quite sweater weather, but it's getting close.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Oh, it's getting close.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

I mean, it was chilly this morning when I walked the dogs.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Mr. Mr. Ottoman might make an appearance.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Mr. Ottoman.

[Andrew Yang]

Yeah.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

One of our spotlight stories by our own Brian K. Sullivan, and it's entitled High Summer Temperatures Hang over Much of the US Heartland. And it says a late blast of warm weather is bringing summer like temperatures to the US Midwest, delaying the transition into heat heating season in the natural gas market. We are Bloomberg. So we always think about the markets impacted no matter what. Temperatures are set to rise as much as 15 degrees Fahrenheit or more above normal throughout the Great Plains and Midwest with 37 potential daily highs. That could be tighter broken through next week. And then we'll see the warm weather slow the transition into heating season. But it is also likely to prolong drought conditions across the eastern US Due to the accompanying dry air.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Wow.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Yeah.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Okay. High pressure dome. It's settled across the center of the country near Chicago. It'll spread eastward through the weekend. The heat sticks around homes and businesses will keep air conditioners running longer. Usually at this time of the year, energy demand starts to shift from being driven by the need to keep places cool to make sure they're warm enough. But this year is warmer than normal. Readings will slow that transition, as you mentioned, Carol, into heating season, according to a report from Bloomberg Nef.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

You know, we still have air on at home.

[Andrew Yang]

Okay.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

So I was just going to ask.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

You, but my husband literally goes from air conditioning to heating.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

So.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

And I like to open windows and have like, you know, but there was.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

A nice couple of weeks in September when we could keep all the windows open.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Yeah.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Then toward the end of September into this week, we did air conditioning. But last night and the night before, windows open, everything was nice.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Right. It's just fresh air flowing around. But like, there are market implications. Right. And we certainly see this play and so we'll keep an eye on this and see, you know, what it could mean. The thing that I think is interesting is that the warmer it is. And Brian Sullivan, Kay Sullivan points this out in the story. He says a potentially longer lasting fallout is that the dry air accompanying the rising temps will likely prolong the drought conditions across the eastern U.S. this is according to Oravec. More than 92% of the Northeast, from Maine to West Virginia is abnormally dry. And several states, including New Hampshire and Vermont are either completely or nearly covered by drought. That's according to the US Drought Monitor. So you think about crowd, you think about fires, you think about just the implications when, when land is so dry.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Can I talk about the Boeing story? Is that okay?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

My dad used to do this when we'd be like, dad, can I, Can I? It's like, I don't know. Can you?

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

I can't. May I talk about the Boeing story?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

There you go. Mr. Stanwick.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

This is the most read story in the last hour on the Bloomberg terminal. We talked about it very briefly, but we're getting some more details. Boeing's Triple 7X is slated to fly commercially for the first time in early 2027 instead of next year. Our team, Julie Johnson and Sid Philip exclusively reporting this. Deutsche Lufthansa, the launch customer for the widebody aircraft, is already laying the groundwork for a fresh setback. The German airline is not including the triple 7X in its fleet plans until 2027, said one of the people who asked not to be identified because the matter is confidential. Officials at Emirates, the Triple 7X's biggest customer, have also grown more cautious as it looks at entry into service, possibly not before 2027.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

So we did see Boeing shares. They were up about 1% in today's session. The stock, we've seen it making its way back here in 2025 after what seemed like several years. Right. Of problems at the airline maker. Stock is up almost 23% year to date. But you know, when you do have a delay in a launch like this, there are potentially implications. Analysts estimating the non cash accounting charge could run from two and a half billion to as much as $4 billion. The Boeing has not detailed the extent of company reports on October 29th, so I'm assuming this will be a big topic.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Do you know how long we've been talking about the start of deliveries for the upgraded Triple Seven planes?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Not easy, Tim.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

It was originally due to fly commercially in 2020.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Yeah, well then we had a little thing called the global pandemic.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

We did and other things we did. Boeing has already racked up more than $11 billion in cost overruns for this plane. It's encountered a string of setbacks and faced tough FAA scrutiny in the aftermath of two fatal 737 Max crashes last decade.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Yeah, so it's, I mean, listen, we know it's not easy. We know it's difficult. I'm still always kind of blown away by the mathematics and the financials of, of planes and airlines and making planes because these things are super, super expensive.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

This is a wide body. So as opposed to 737, 737 Max, the narrow body.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

You are listening and watching Bloomberg Businessweek just a quick reminder of how we closed on this Thursday S&P 506,715 up 4 points. Believe that was a record. And the NASDAQ 124, 892 that was up about 91 points. So once again, we're talking about records on Wall street, which is something that we hadn't seen for a few days, but there was a period where it was one after another.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

While we get to our next guest, he's somebody who wears many hats. Andrew Yang is with us. He's the founder and CEO of Noble Mobile. You might know him though as former Democratic presidential candidate in the 2020 race. And in 2021 he made a failed run to be Democratic nominee for the New York City mayoral race. He's the founder of the Independent Forward Party, also a best selling author. He's often on our radar. Just this past summer, Politico reported that Elon Musk and Andrew Yang connected on creating a third party to upend America's political system.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Andrew Yang, welcome. Welcome to Bloomberg businessweek Daily. Great to have you with us. How are you?

[Andrew Yang]

It's great to be here. What an awesome intro. I'll take it.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

There's a lot. There's a lot. What's more fun, more challenging? Starting up a company, being an entrepreneur or running for political office?

[Andrew Yang]

Wow. It depends on the office. I will say I thought that being the CEO of a startup might prepare me for running for office. But it turns out that as a candidate, people want to know more about you. Like you become the product and there's nothing that can prepare you for that. So if that sounds good to you, feel free to run for office.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Okay, so wait, did you like so then starting running a company?

[Andrew Yang]

Starting with a company.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

No thanks to Are you done with politics?

[Andrew Yang]

I'm too young to be done with politics. And even what we're doing with Noble Mobile? We're trying to lower people's cell phone bills, which strikes me as something that's kind of tangential to politics.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Right.

[Andrew Yang]

It's something that, you know, is touching policy, but I'm sure I'll run for something again at some point.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

We're going to get to Noble Mobile in just a minute. And like you said, there is this idea of actually getting people to use their phone less, which is really interesting. I want to go back to this idea of you and Elon teaming up to create a third party to upend America's political system. Are you talking to him right now about that?

[Andrew Yang]

We are in touch to this day. He did endorse me in 2020 and his team and I share many, many people in common in our networks. So, yeah, like stay tuned really.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Well, some folks would argue that he has changed a lot since 2020, or at least his positions have changed a lot. And in fact, in 2024, he said he wasn't going to in the presidential race and then he did to the tune of hundreds of billions of dollars. And even serving as a special appointee in the administration politically, are you aligned with him?

[Andrew Yang]

I'm aligned with anyone who thinks that the current system is not working, that the two party system is designed to not actually deliver results or solve problems. And there are times when Elon has definitely had that point of view. He's looked up and said we need something new.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Right.

[Andrew Yang]

And it's going to take, I'd say, a real coalition of Americans that might not line up along traditional politics to make that case.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Have you. Do you agree with all the things he did under Doge?

[Andrew Yang]

I do not agree with everything he said he did under Doge.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Have you? And he talked about that.

[Andrew Yang]

We talked about the current mission, which is to try and improve the American political system to a point where it actually seems both problem solving and responsive.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

What do you think is most broken? Is it the money in politics and politicians worrying more about making sure they get reelected rather than listening to their constituents?

[Andrew Yang]

In a word, incentives, which is that if someone does the right thing, they're probably shortening their political career. If they go along with what their base wants, they might have a lifetime appointment.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Well, so it seems like the AZ answer to that is term limits.

[Andrew Yang]

That is a very popular answer, one that I endorse. 75% of Americans think we should have term limits because they don't want folks heading to D.C. and squatting there for decades.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Is a third party likely?

[Andrew Yang]

It's not just likely it's real. I mean, we have dozens of elected officials around the country right now because it turns out that there are tens of thousands of local elected offices that are nonpartisan. And that can be mayors, that can be county executives, that can be city council or Board of Ed. So the Ford Party is racking up wins all over the country as we.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Speak, but we really still have a Congress that's like, you know, we're divided between the Republicans and Democrats. Like, that's how we divide things still.

[Andrew Yang]

And this is the fascinating thing. How many US Senators would you need to form a fulcrum in this divided time? Maybe three, maybe four. And there are two senators who already our independents. And you can see something similar happening in the House. It would be a slightly larger number. It might be six or eight. So you don't need an upstart movement like Forward to win 51 Senate races. You need us to get three or so. And that I think is going to happen sometime in the next three or five years.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Do you think within your lifetime there will be a president who wins who is not a Democrat or a Republican?

[Andrew Yang]

Oh, yeah, I do. And I will point people to a guy named Mike Duggan who's running for governor of Michigan right now, third term mayor of Detroit. Sky high approval ratings because he turned that city around. He's running for governor and he said, look, it's not Democratic or Republican. That's the future of politics in this state. It's independent. And right now he's the front runner. So there's no reason why someone can't make that similar case nationwide. It might even be Mike Duggan.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Well, I understand the politics of it. What I don't understand is the structure of it in the primaries and how that would actually work and actually get past the primaries.

[Andrew Yang]

Oh, I love this question so much. Imagine this. Imagine a primary where Mike Bloomberg, you know, sorry, I keep name checking you, Mike, Mike Bloomberg, mark Cuban, Matthew McConaughey, Oprah, whomever, your favorite flavor of independent is runs in a primary that every American can vote vote in on their smartphone, as opposed to waiting to hear what Iowans and South Carolinians think. And then you'd have tens of millions of Americans saying, I like Cuban, I like this person. And that would be genuine lowercase D democracy. And there is nothing stopping that from happening in 2028. In 2032, the technology is obviously mature and the will is there if you look at the numbers.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

So why doesn't it happen?

[Andrew Yang]

Maybe it will happen in 28. All it takes is one major figure stepping forward and saying, hey guys, I'm running as an independent and this is how we're going to choose. And by the way, if you have Mark Cuban decide to take that challenge, then you'd have a whole dozen other people following in his wake.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Do you think he's going to run? Do you talk to him about it?

[Andrew Yang]

I do talk to Mark. And let me say that Mark has definitely thought long and hard about running for president.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

All right, tell us about Noble Mobile. You announced it in September. Tell us about it. Because it does sound like it's a little bit different than a lot of our cell carriers.

[Andrew Yang]

Imagine this. Imagine a carrier that actually paid you to doom scroll a little bit less $50 for unlimited, which is less than what 90% of Americans are paying and will give you up to $20 cash back based on your data use. So you know that extra time on X or Instagram, you're actually costing yourself a smidgen of money and it's an incentive for you to put your phone down. Noble Mobile, we're also having offline parties around the country for people to log off, touch grass and come look at each other's faces.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Right. I think I hear parents around the world rejoicing.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

But use the phone to vote, but don't use it to just doom scroll y.

[Andrew Yang]

Yes. Look, I'm a heavy phone user and I got money back from Noble so you know, if I get money back, anyone will. But. But I think it's necessary to, to operate. But I also know there's such thing as too much of a good thing. And like, and I have I gotten anxious or depressed based upon staring at the screen for too long? 100% yes.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Can you take us into the relationship that you have with T Mobile? It's an mvno multiple more mobile virtual network operator and it's like a Mint Mobile, for example. They're the rise of these independent. They lease the spectrum at least from a traditional operator. How does that relationship work?

[Andrew Yang]

Love the question. So we went out to the folks at T Mobile and said, hey, we'd love to make data available to the American people at closer to true cost like Mark Cuban did with generic drugs and Cost Plus Drugs and T Mobile because they're actually innovative, they thought, you know what, we're actually going to work with you to make this possible because it's going to be good for consumers. And they liked the better relationship with technology angle. And so they have lent us or leased us spectrum or data that we can then sell to the American people at much closer to true value. Because if you think about it, why are Americans spending 83amonth on our wireless when Europeans are spending 40? I had a friend who worked in London. He came back and got sticker shock when he went to the wireless store. And when you reflect on why that is, we all know why that is. It's because you have carriers that are paying $20 billion in dividends and raising prices while not actually investing in their networks.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

What are your expectations in terms of ramp up and folks signing on?

[Andrew Yang]

We've already doubled some of our early projections. People are responding very well to the Noble Mobile brand and mission because 9 out of 10 of us, and I'll use myself as an example, listeners will be able to relate to this. I was spending 140amonth on Verizon for years. I've been a Verizon customer for 25 years. Never questioned it. I joined Verizon because they had the best network. And then I looked up and years had passed. I was like, wait, what am I paying for? So now I took my bill from 140 to 46 or so, and everything works better than ever. So that's the kind of experience people respond to as soon as their friend tells them, yo, I've done this and it's real.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

So can you tell us how many people are like, signed on?

[Andrew Yang]

We're growing every hour, let's put it that way.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Okay, can I blow up your. Your experience with the mvno?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

You can blow me.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Okay, so do it. So Carol and I have spent a lot of years together. We talk about everything, including cell phone plans. And a few years ago, she decided to move away from the big carriers. Sign up for an mvno. It didn't work.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

We ran out of data. And how do you get pretty messy.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

And did you get throttled too? So like, your data would be slow?

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

There were certain it was very slow. And we were. My, myself and my daughter were complaining to my husband. He's like, I don't know what your problem is. And then it hit him and he's. And we were not happy.

[Andrew Yang]

I am begging you to try Noble Mobile because I see the data throughputs and we do not slow it down. It's truly unlimited if you give us $50 that month. Unlimited. All. All. You can eat data as fast as you can find.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

So why can you do that? But T Mobile can't offer that, or Verizon can that, or AT and T can offer that cellular.

[Andrew Yang]

I mean, you'd have to talk to some of those other companies, but you're.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Literally using T mobile spectrum.

[Andrew Yang]

You know, actually, it's a great question what it is. I'm going to say it's like it's a company approach. So from our perspective, we're on a mission to delight consumers and make sure we build a better product and a better offering. And you know, what's not building a better offering slowing you down at the end of the month because you've gone through some arbitrary data cap. It's truly unlimited. And we can do this quite profitably.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

You know what we did, we're not on them anymore.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

We switch back.

[Andrew Yang]

I'm begging you to go because your impulse to look at it was right. I'm begging you to check out Noble.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Bring it home to the family, Andrew, and we'll discuss it. What are the.

[Andrew Yang]

I will say I'll give you wireless for free for a year.

[Host 2 (likely a Bloomberg Businessweek co-host, possibly Carol Massar)]

Not allowed to accept.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Carol, have you met Bloomberg? We don't do that.

[Andrew Yang]

Yeah, no, you guys, you guys are very buttoned up. It's true. I apologize.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Seriously, just got a minute left here and I want to go back to politics. The implications of kind of our political world right now. I don't want to point fingers or anything. We were divided when we had a Democratic president. We've been divided with a Republican president. What are the implications of this and do we find a way out of it now?

[Andrew Yang]

The polarization is getting worse and worse. The shutdown is an emblem of that. I looked at the numbers and the trends aren't good. And so really the question is, how do we get out of this? And it's a very, very short list of things that could happen. Number one would be a miraculous restoration of one party or the other to some degree of common sense, which, if you look at it, doesn't seem like it's in the offing. And then number two is that 50% of Americans who self identify as independents raise their hands and say, you know what? I want something new. I want something different. And it's America. We can build it. Mike Bloomberg, you would be our patron saints. I'm on your airwaves right now.

[Host 1 (likely a Bloomberg Businessweek host, possibly Joe Weisenthal or similar)]

Michael Bloomberg, of course, the founder and head of Bloomberg lp, home of Bloomberg TV and radio and Bloomberg Philanthropies. Andrew Yang, when you're ready to announce what's next, come back.

[Andrew Yang]

Well, I appreciate that. I really, really want you to try Noble, because you have the right impulse and someone did you wrong, we'll do it right.

[Indiana University Announcer]

Indiana University is shaping the future of health care, advancing discoveries that become treatments for Alzheimer's, obesity, cancer and other rare and complex diseases and training the next generation of providers, doctors and nurses trusted to address health challenges with skill, compassion and purpose. From the lab to the clinic, from research teams to patient care, IU talent is driving medical innovation, improving health outcomes and strengthening communities. See how IU solves what's next IU Edu Impact There are two kinds of.

[Akshat Ratty]

People in the world. People who think about climate change and people who are doing something about it. On the Zero podcast we talk to both kinds of people. People you've heard of like Bill Gates.

[Andrew Yang]

I'm looking at what the world has to do to get to zero, not using climate as a moral crusade and.

[Akshat Ratty]

The creative minds you haven't heard of yet. It is serious stuff but never doom and gloom. I am Akshat Ratty. Listen to Zero every Thursday from Bloomberg Podcasts on Apple, Spotify or anywhere else you get your podcasts.