Disable the distance indicator next to the cursor in Photoshop

Hello all,

I have two questions:

1) What is the name of that pop-up next to the cursor that tells me how far I drag during move, crop, and marquee select?

2) It's an eyesore. How do I disable it? 

To be specific, I mean this thing: 

Thank you for your time, and have a Happy New Year!

- Adam

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