spoilers:
He won't be pleased, for sure, and neither will Kamala, for whom Tony was a mentor (when she first joined the Avengers in ANAD). Solicits already indicate that it's going to be Steve, Kamala, and a new hero (H-Day), vs Iron Man (presumably James, the solicits only said Tony was dead and this was a new Iron Man) and other Avengers.
end of spoilers