To show the current playhead position in a big, resizable window, activate Window > Big Clock. The big clock is very useful when working away from the screen but still wanting to see the playhead position clearly (such as when working with a remote control device across a room). The big clock will change its visual appearance to indicate when active recording is taking place. Below on the left is a screenshot showing a fairly large big clock window filling a good part of the display, and on the right, the same clock during active recording.