Resizing area textbox and contents

With the installation of the newest version of Illustrator resizing area text boxes only transforms the area shape, not the text within.

I used to be able to select the textbox and shape it with it's contents, ike point text behavior. Now I can't do this with the normal selection tool (v) unless I use the transform tool (e). Having to change the tool is annoying extra step in the process. Is there a way to get this behavior back to what it was? 

Maybe I have accidently changed a setting, but I checked everything and can't find a solution. 

(In the previous version I was also able to select multiple area text boxes and resize them all, now only the boxes resize, not the text within, which is quite annoying as well)