"Failed to compile" dropdown item appears on clicking Shader dropdown. On clicking on it all shaders are listed down under Fail to compile label, refer the attached video

Steps to Reproduce:
1. Create a new project.
2. Create a Project > Assets > right-click > Create > Material
3. Click Assets > New Material > Inspector > Shader dropdown

Actual Result:
"Failed to compile" dropdown item appears

Expected Result:
Shader list appears

Workaround:
On clicking "Failed to Compile" item in the shader dropdown, the shader list appears.

Reproducible on: 2020.1.0a24, 2020.1.0a23

Working Fine on: 2020.1.0a22, 2019.3.2f1

Environment: Windows 10 and Mac 10.14