Turn off Touch bar Preview on display I do not see this on other Macbooks. Not sure how I got it, but I cannot find any settings in the Preferences. 

Basically, every time I touch the touch bar, I get a preview of the touchbar as a strip on the the bottom of the screen display. Long Press is delayed as a result of this as there is a circle progress that shows to help users in long pressing.

How can I disable this? It is intrusive and not useful at all.
Go to System Preferences -> Accessibility -> Zoom. Uncheck Show Touch bar zoom (not sure what exactly it says, not on my computer right now). 

As of 10.12.3, there is a bug. If that checkbox didn't appear, restart your computer will make it appear.