Should I report my professor?

I am in a small class and have had a really frustrating experience with a certain professor. He is difficult in many ways, but what I am concerned about are his racist jokes in class. He will frequently direct these to the one Chinese student and she just laughs really awkwardly and tries to move on. This is an example of one of his jokes. We were talking about what we had done over a 3 day weekend and one student had watched La La land and one had watched Hidden Figures:

Prof: Hidden Figures sounds boring. It is about black people right?

student: Yes

Prof: (proceeds to talk about the words for black people in the language we are learning before turning to a second student) Does La La land have any black people in it?

student: I don’t think so..

Prof: Good. (laughs)

Is this even a big deal? Do you think the school would care? My other concern is that he is tenured, the head of our department, and could easily say that we misunderstood what he was saying, since these jokes are in another language. Should I waste my time on this?