Cannot Rotate Arch Text.

I see what you mean, I'll report the issue to our developers. Thanks for posting about it

I'm having the same issue as the OP. It's nearly impossible to access the rotate or move buttons that usually appear above a text box. A rectangular text box has no issue with this, but when choosing an arch format for text, the rotate and move buttons get hidden underneath the "link, trash, and more" gray box. If you're extremely careful, you can hover your mouse just under the gray box and get it to work so you can rotate the text as much as you need, but this should be easier to access.

The attached image shows what I see when I use an arched text box. Below that is what I see when I click my mouse, like I was going to highlight some of the text. The two buttons in the bottom picture are hidden by the gray box with the "link, trash, and more" buttons, making it next to impossible to alter the text by a degree or two. 

I noticed in your example you are using a bow text box. Switch it to arch, and hopefully, you'll see what we're referring to.

It sounds as if you need to zoom out a bit- I recommend going to 50%