[taming]

You can definitely return your device to most places (at least in Canada) if it is only 3 days old--no questions asked. Australia has good policies about this sort of thing,too, I've been told.

Before you give up, go to the settings==accounts==and sign out of the Kobo account. Let what happens next happen and follow the instructions. This gives you a reset, but with books in place so the next bit is less annoying.

See what is going on when you have done this.

The clock is found under the gear shaped button on your home screen. When you are reading a book, a tap to bring up the bottom menu will also bring up the gear icon in the upper left.

You will have to sign into Adobe again. Could you be out of authorizations--you get 5 or 6 before you have to request more.

EDIT: It sounds like you are comparing the Touch to a Kobo-WiFi. There are many, many changes. Don't bother looking for things to be the same. Take a look at the user guide that comes on your Touch. Also the full user guide. They may not be entirely up to date, but they are still very helpful.