This is nightly Business Report with Tyler Mathisen and sue herera. Historic highs. What a way to start the week. Stocks closed at records, but can the quiet rally last . Risk protection. How the biggest Ransomware Attack in history is demanding a product that you know exists. Staying put. Is outofcontrol competition for homes fueling the renovation boom . Those stories, and more, tonight on nightly Business Report for monday, may 15th. Good evening, everyone. Halfway through may and investors had a pretty good start to the w the s p 500 and the nasdaq closed at new highs, thanks to a rally in the price of oil that lifted energy shares. Technology stocks also helped out, and the result was a record close for two of the three broad major indexes we follow. Dow jones industrial average to 20,981. Nasdaq up 28 to a record, and the s p 500 gained 11, alltime high there as well. Volatility remains sort of suspiciously low. In fact, this is the 14th straight day the s p 500 has failed to mov
In 1997, i had an opportunity to work on an educational project with a gentleman named doctor samuel proctor. A number of you know him as a form present of North Carolina a t, hbcu, former president of Virginia Union university, private hbcu. He spent time in washington, d. C. , as a kennedy appointee to the peace corps but a number of you know him to his work as a pastor of the baptist church. In 1997 when opportunity to sit at a very lovely room similar to this with a donor and a donor who owns a very large and Famous Family foundation. The head of the walked into the room and made exchange niceties she said and ask you one question . He said yes. Is there a need for black colleges today . And doctor proctor leaned back in his seat having her discretion of most of life and he said maam, if you make him can restructure the question . The question is not whether there is a need for hbcus today. The question is, what would america be today without the hbcus . And so she nodded to dr. Pr
I want to say hello to those who are watching this through the lifestream and through cspan2. This is a great day to have a great conversation about Higher Education and particularly the role of historically black universities and colleges. In 1997 i worked with an educational project. A number of you know the dr. Is that public hbc you. Some of you know his private hbc. He spent time in washington, d. C. As a kennedy appointee to the peace corps. Number of you know him through his work as a pastor. In 1997 we had an opportunity to sit in the lovely room. With a donor who owns a very large and very Famous Family foundation. The head of that walked into the room. And she said, can ask a questi question . Is there a need for blackblack colleges today and doctor proctor leaned back in his seat and he said maam, if you make can i restructure the question. The question is not, whether there is a need for hbcus today, the question is, where would america be today without them. And so she nod
I want to say hello to those who are watching this through the lifestream and through cspan2. This is a great day to have a great conversation about Higher Education and particularly the role of historically black universities and colleges. In 1997 i worked with an educational project. A number of you know the dr. Is that public hbc you. Some of you know his private hbc. He spent time in washington, d. C. As a kennedy appointee to the peace corps. Number of you know him through his work as a pastor. In 1997 we had an opportunity to sit in the lovely room. With a donor who owns a very large and very Famous Family foundation. The head of that walked into the room. And she said, can ask a questi question . Is there a need for blackblack colleges today and doctor proctor leaned back in his seat and he said maam, if you make can i restructure the question. The question is not, whether there is a need for hbcus today, the question is, where would america be today without them. And so she nod
Here before, welcome back. I would like to say hello to those who are watching this through live stream and through cspan2. This is a great day to have a great conversation about Higher Education, particularly the role of historically lack colleges and universities. In 1997 i have the opportunity to work on a project with a gentleman named Samuel Dewitt proctor. Many of you know him as a former president , some of you know him from virginia university. He actually spent time here in washington d. C. As a kennedy appointee to the peace corps, but a number of you know him through his work as the pastor at the baptist church. In 1997 we had opportunity to sit in a very lovely room with a donor who owns a very large and Famous Family foundation. The head of that walked into the room and we exchanged niceties and she said can i ask one question and he said yes. Is there a need for black colleges today . He leaned back in his seat, having heard this question for most of his life and he said