You can use the color tool to adjust text color, highlight, shadow, and Caption font color, background, and highlight.

Adjusting Text colors:

1. Click on text already added to the timeline or press the + button to add new text.
2. The following window will pop up. Click on text color, highlight, or shadow to start using the color tool. 
3. Scroll farther down in this article to see how to use the Color Tool

Adjusting Caption colors:

1. Click on the STYLE button in the Transcription box, next to the drop-down menu.
2. A properties window will pop up. Select the CUSTOM tab and click on Font Color, Background, or Text Highlight Color to start using the color tool 
3. See below on how to use the Color Tool.

Using the Color Tool:

1. Click the small white circle and drag across the field of colors to choose one.
2. Slide this bar to find a new color.
3. Slide this bar to change the opacity.  To the right makes it more opaque, and to the left, it makes it less opaque.
4. You can choose a color by entering a Hexadecimal number here.
5. You can choose a color here by entering R, G, B, A numbers.
6. You can select a color here by clicking on one of the squares.