This is where you need to do some custom CSS changes to the theme, either with a plugin that lets you edit or create custom CSS or using a child theme for modifications. I’m not sure what you mean by the title area, can you be more specific, or provide a link? For the announcement area, the padding for this is actually 0, but that area shares the social icon container which overlaps it. The announcement area does have a minimum height of 44px which is found around line 497
min-height: 44px; /* this needs to be a fixed height for the layered social icons */
border-bottom: 14px solid #f3f3f3;
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